Nokia : Buy recommendation reiterated, but the Q4 guidance for Networks is ambitious
>Decent publication for sales, less so for margins - Q3 18 sales came to € 5,458m (vs consensus € 5,408m), down -1% on a reported basis but up +1% at constant currencies (in line with Ericsson). Networks sales came to € 4,888m (vs the consensus € 4,798m), up +3% y-o-y (vs stagnation in the second quarter): the group still expects a commercial roll-out of 5G networks towards the end of 2018. Licences sales came to € 351m (vs the consensus € 365m), down 19% due mainly t...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.