- Category: Business
12 Feb 2016
Nokia has announced that its net sales crept up by roughly 700 million euros year-on-year to 12.5 billion euros in 2015.
Rajeev Suri, the chief executive officer of the network equipment manufacturer, states in a press release that he is pleased with the fourth-quarter performance of Nokia Networks and, especially, Nokia Technologies.
“Nokia Technologies saw its net sales and operating profit grow considerably, based on strong licensing growth including a contribution from the arbitration award related to our licensing agreement with Samsung,” he says.
“Nokia Networks delivered on its commitments for the full year.”
Nokia Technologies reported a year-on-year increase of 170 per cent in its fourth-quarter and an increase of 77 per cent in its annual net sales, whereas Nokia Networks reported a year-on-year increase of 5 per cent in its fourth-quarter and an increase of 3 per cent in its annual net sales, the press release indicates.
Suri reminds that the network equipment manufacturer is likely to face headwinds in its competitive environment this year as 4G LTE rolls out in China and some other markets begin to slow down.
“In this environment, we will continue our sharp focus on operational and commercial discipline, ensure we deliver synergies as quickly as possible, and focus our energy on targeting the growth segments within the overall telecoms market,” he says.
Aleksi Teivainen – HT
Photo: Heikki Saukkomaa – Lehtikuva
Source: Uusi Suomi