Nokia : End of phase 1 of reset: success
>Respectable Q4 2021 despite the constraints - Nokia yesterday reported Q4 2021 results in line with expectations (it had pre-announced its results on 11 January). Sales came in at € 6.414bn vs a consensus of € 6.442bn, or a y-o-y drop of 2% and 5% cc, mainly due to the decline in mobile networks division in the US (-13%). The adjusted gross margin came in at 40.1%, slightly below the consensus at 41.1%. Adjusted EBIT amounted to € 908m, or a margin of 14.2%, close to...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.
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