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April 29, 2014
06:23 EDTNOKNokia reports interim Q1 non-IFRS EPS EUR 0.04 vs. EUR 0.01 last year
Reports interim Q1 revenue down 15% to EUR 2.7B. In Q1 2014, underlying operating profitability for Nokia's continuing operations increased to EUR 304M, or 11.4% of net sales, compared to EUR 254M, or 8.1% of net sales, in 1Q13. Networks achieved solid underlying operating profitability, with Q1 non-IFRS operating profit of EUR 216M, or 9.3% of net sales, compared to EUR 196M, or 7%, in 1Q13. This was primarily due to a higher gross margin which benefitted from a higher proportion of software sales, significant efficiency improvements in Global Services and a higher proportion of Mobile Broadband sales. HERE's external net sales were EUR 185M, an increase of 13% year-on-year, driven by strong sales to vehicle customers. Technologies entered in to an agreement with HTC, validating Nokia's implementation patents and enabling Technologies to focus on further licensing opportunities.
News For NOK From The Last 14 Days
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October 10, 2014
10:15 EDTNOKNokia, China Mobile sign framework agreement valued at $970M
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October 9, 2014
07:13 EDTNOKNokia reinstated with a Buy at BofA/Merrill
October 7, 2014
10:52 EDTNOKNokia suspends handset production at Chennai facility, Reuters reports
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