Advanced Television

Pekka Lundmark

Nokia Q1 sales down 19%

Nokia has reported a slow start to 2024 with net sales declining 19 per cent year-on-year, in constant currency (-20 per cent reported) in Q1. The company noted that the environment is still challenging, but order trends continue to improve year-on-year, particularly in Network Infrastructure. Nokia’s full year 2024 outlook is unchanged. The company currently […]

April 18, 2024

Nokia forecasts recovery

Nokia has reported that net sales declined 21 per cent y-o-y in constant currency (-23 per cent reported) in Q4 as macroeconomic uncertainty continues to pressure operator spending. Full year net sales declined 8 per cent y-o-y in constant currency (-11 per cent reported). The company said that the environment remained challenging in Q4, however […]

January 25, 2024

Nokia updates on group strategy

Nokia will host an investor and analyst event today [December 12th] to provide an update on its execution against its group strategy, initial planning assumptions for 2024 and a revised comparable operating margin target for 2026. It will also outline its strategy to give more autonomy to its four business groups. The Presidents of Nokia’s […]

December 12, 2023

Nokia to shed 14,000 staff

Noki has announced that Q3 net sales declined 15 per cent y-o-y in constant currency (-20 per cent reported) as macroeconomic uncertainty and higher interest rates continue to pressure operator spending. Following the slump in sales Nokia has revealed plans to shed up to 14,000 jobs, saying “these actions will better position the company for […]

October 19, 2023

Nokia: “2021 a transformational year”

Nokia has described 2021 as a “transformational year” for the company. Nokia said that its underlying business “performed largely as expected” in Q4 with other operating income being above expectations. Q4 net sales declined 5 per cent y-o-y in constant currency as expected with strong growth in Network Infrastructure of +10 per cent offset by […]

February 3, 2022

Nokia becomes BT’s 5G partner

Nokia has extended its long-term strategic relationship with BT into the 5G arena, following its selection as a 5G RAN vendor for the UK operator. The selection of Nokia follows the telco’s decision to exclude Huawei from its 5G network following guidance from the National Cyber Security Centre. As part of the deal, which will make […]

September 29, 2020