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Nokia returns to profit in Q4
2013-01-24 12:03:00| Telecompaper Headlines
(Telecompaper) Nokia returned to a net profit in the fourth quarter, helped by a gradual improvement in sales of its mobile phones and cost reductions. EPS came in at EUR 0.05, versus a loss of EUR 0.29 a year earlier, and adjusted operating profit rose 33 percent year-on-year to EUR 635 million. Sales were still down 20 percent to EUR 8.04 billion, but improved 11 percent compared to the third quarter. Its core Devices & Services division showed a similar picture, with revenues down 36 percent year-on-year but 8 percent higher sequentially at EUR 3.85 billion. Adjusted operating profit at the division plunged 82 percent from a year ago to EUR 52 million, and the margin fell to 1.3 percent from 4.9 percent, but this was better than the company's guidance of minus 6 percent, plus or minus four percentage points. For the seasonally weaker first quarter, Nokia forecast a margin of negative 2 percent, plus or minus four points. Nokia said it will not pay a dividend for 2012, in order to maintain a strong balance sheet. It finished 2012 with EUR 9.9 billion in cash.
Nokia swings to profit in Q4, but concerns remain
2013-01-24 01:00:00| Total Telecom industry news
Finnish vendor reports declining mobile phone and smartphone shipments; Nokia Siemens Networks turns in strong performance.
Tags: remain
profit
concerns
nokia
Nokia plans EOS PureView phone in 2013 -- report
2013-01-23 15:02:50| CNET News.com
The device will come with the 41-megapixel camera found in the company's 808 PureView handset, and will launch on AT&T's network. [Read more]
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phone
plans
nokia
Nokia Siemens Said to Plan Debt Sale of Up to $1 Billion
2013-01-22 03:59:53| Industrial Machines - Topix.net
Nokia Siemens Networks, the phone- equipment venture of Nokia Oyj and Siemens AG, may sell as much as 750 million euros of bonds to bolster its finances, according to a person familiar with the plans.
Nokia Siemens quiet on 700m bond issue report
2013-01-21 01:00:00| Total Telecom industry news
Equipment maker reportedly plans to issue high-yield bonds in coming months.
Tags: report
issue
nokia
siemens
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