Report
Stephane Houri

Nokia : Opinion Achat réitérée, mais la guidance T4 sur Networks est ambitieuse

>Une publication correcte sur le CA, moins sur les marges - Le CA T3 18 s'est élevé à 5 458 M€ (vs un consensus à 5 408 M€), à -1% en réel, mais à +1% à cc (en ligne avec Ericsson). Le CA réseaux est ressorti à 4 888 M€ (vs un consensus à 4 798 M€), à +3% en glissement annuel à 4 798 M€ (vs une stagnation au 2ème trimestre) : le groupe prévoit toujours un déploiement commercial des réseaux 5G vers fin 2018. L'activité Licences s'établit à 351 M€ (vs consensus de 365 M...
Underlying
Nokia Oyj

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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