Nokia : Relatively resilient and discount still significant
>Q1 2020 broadly in line despite the COVID-19 impact - On Thursday, Nokia published its Q1 2020 results that were in line despite revenues falling short of expectations. Revenues were € 4,913m vs € 5,115m for the consensus. The COVID-19 crisis has had an impact of around € 200m, principally due to supply problems linked to disruption in China. Sales were down 3% on a reported basis and 4% at constant currency (cc). If we exclude one-off licence sales in Q1 2020 and Q...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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