Nokia : A setback on 5G, but the case is fundamentally intact
>Good-quality Q4 2018 results, underpinned by networks - Q4 2018 sales came in at € 6.869bn (vs € 6.648bn expected by the consensus), up 3% on constant currencies. Network sales amounted to € 6.215bn (vs a consensus of € 5.981bn), up 6% y-o-y on cc (3% in Q3). Management highlighted particularly positive momentum in North America (+17% in Q4 and +5% for the year). For 2018, networks posted growth of +2% vs a market estimated at between -1% and -2%, pointing to market ...Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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