Arab Today, arab today nokia profit fell in 2015 ahead of alcatellucent acquisition
Last Updated : GMT 16:55:22
Arab Today, arab today
Arab Today, arab today

Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition

Arab Today, arab today

Arab Today, arab today Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition

Finnish telecom giant Nokia's net profit fell by 29%
Helsinki - AFP

Finnish telecom equipment giant Nokia's net profit fell by 29 percent in 2015, to 2.45 billion euros ($2.8 billion) ahead of acquiring its French-American rival Alcatel-Lucent, the company said on Thursday.

The drop was due to the 2014 results including 5.4 billion euros Nokia gained from selling its unprofitable handset unit to Microsoft.

But the company said operating profit grew last year by 20 percent and its net revenue by six percent.

Nokia has just gone through two and half years of radical transformation. In 2013 it bought 50 percent of its network activities from Germany's Siemens, in 2014 it divested its mobile phone business where it had been the world's number one brand, and in 2015 it sold its mapping unit Here and took control of Alcatel-Lucent.

Net profit from its "continuing activities" after the divestments and before its acquisition of Alcatel-Lucent was finalised last month, fell by 56 percent last year, to 1.19 billion euros, the company said.

Total revenue went up by 6 percent, to 12.5 billion euros.

The company hailed in a statement a "continuation of strong operational performance in Nokia Networks and solid growth in Nokia Technologies", its intellectual property unit.

But chief executive Rajeev Suri warned that Nokia saw a rough start of the year ahead.

"We do expect some market headwinds in 2016 as 4G/LTE rollouts in China and some other markets start to slow.

"The first quarter, in particular, looks quite challenging as customers assess their capex (capital expenditure) plans in light of increasing macro-economic uncertainty," he said in the statement.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nokia profit fell in 2015 ahead of alcatellucent acquisition Arab Today, arab today nokia profit fell in 2015 ahead of alcatellucent acquisition

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nokia profit fell in 2015 ahead of alcatellucent acquisition Arab Today, arab today nokia profit fell in 2015 ahead of alcatellucent acquisition

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday