Nokia

Economy & Business

BUSINESS

Nokia first quarter profits down, net sales rise

The Nomad Today 4/28/22

The company reported a 17% decline in profits, to €219 million ($231.9 million), compared to €263 million in the same quarter a year ago

Economy & Business

WAR IN UKRAINE

Nokia leaves Russia citing Moscow's war on Ukraine

The Nomad Today/dpa 4/12/22

Meanwhile German electronics retailer Ceconomy is looking for solutions for its Russian investment in M.video due to the war

Economy & Business

BUSINESS

Nokia announces quarterly profit rise and improved annual outlook

The Nomad Today/dpa 7/29/21

Net sales for the second quarter rose to 5.31 billion euros from 5.09 billion euros last year

Economy & Business

BUSINESS

Nokia to raise 2021 outlook based on good first half

The Nomad Today/dpa 7/14/21

"Our performance in the first half provides a good foundation for the full year," said Pekka Lundmark, Nokia President and CEO

Economy & Business

BUSINESS

Nokia offers employees to work remotely up to 3 days a week

The Nomad Today/dpa 6/23/21

Many offices will be renovated and will see up to 70% of the office space allocated to teamwork and meetings

Economy & Business

BUSINESS

Nokia agrees to license mobile telecoms tech to Daimler

The Nomad Today/dpa 6/1/21

Nokia's profit for the first-quarter was 263 million euros, compared to a loss of 115 million euros in the previous year.

Economy & Business

BUSINESS

Nokia turns to profit in Q1; backs 2021 and 2023 outlook

The Nomad Today/dpa 4/29/21

Net sales for the quarter grew to 5.08 billion euros.

Economy & Business

BUSINESS

Nokia and Lenovo conclude patent cross-licence deal, settle litigation

The Nomad Today/dpa 4/7/21

Nokia had launched legal proceedings against Lenovo in 2019 because of the alleged infringement of 20 video-compression technology patents.

Economy & Business

TELECOMMUNICATIONS

Finnish telecoms group Nokia to cut up to 10,000 jobs to save costs

The Nomad Today/dpa 3/16/21

The company said it expected to make savings of about 600 million euros.

Economy & Business

BUSINESS

Nokia adopts new climate targets to cut emissions 50% by 2030

The Nomad Today/dpa 3/4/21

Nokia first committed to Science Based Targets in 2017.

Economy & Business

BUSINESS

Nokia slips to loss in the fourth quarter

The Nomad Today/dpa 2/4/21

Operating profit dropped to 475 million euros from 803 million euros last year and net sales decreased 5%.

Economy & Business

BUSINESS

Nokia's third quarter net profit more than doubled

The Nomad Today 10/31/20

Net sales in the period stood at 5.3 billion euros, down 7% year on year.

Economy & Business

FINNISH TECHNOLOGY

Nokia to build first mobile network on the moon for NASA

The Nomad Today 10/19/20

The technology would be deployed late in 2022.

Finland

New head of Nokia to start in August

The Nomad Today 6/24/20

Nokia is investing in 5G networks amid strong competition from rivals like China's Huawei and Sweden's Ericsson.

Finland

Nokia to present its new devices on 19 March in London

Eric Lipchis 3/4/20

The announcement came on the same day that the company decided to terminate 148 jobs in Finland.

Economy & Business

Nokia is considering a merger with Ericsson and asset sales

The Nomad Today 2/27/20

The company's shares have lost a third of their value compared to 2019. A merger would allow to compete more effectively with the Chinese firm Huawei, but it could also destroy an important number of…