Nokia ekes out profit of €0.03 per share in Q4

Thursday, 31. January 2019 07:18

Nokia Corp. announced earnings of €203 million for the three months through December and said it sees "a soft first half" due to rollouts of 5G technology, "followed by a much more robust second half." The result, published on Thursday, compares to the loss of €378 million from the same quarter of 2017, translated to €0.07 per diluted share, while net income now came in at €0.03 per share.

The board said the dividend for 2018 would grow 5.3% to €0.2 per share. Net sales increased 3.3% to €6.87 billion. Operating profit jumped 31.7% to €552 million, of which the networks business brought €841 million, a rise of 30%. The technologies segment landed 10.8% lower on an annual scale to €347 million.

"We saw the second consecutive quarter of year-on-year sales growth across all five of our networks business groups, as well as improved profitability in both networks and Nokia technologies. The execution of our strategy also proceeded well, with the work we have put into building a solid foundation for Nokia software showing clear results and our enterprise business rapidly becoming a pillar of growth," said Rajeev Suri, president and chief executive of the Finnish telecommunications company.

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