Nokia Corporation this morning (CET time) published company’s financial report for the 1st quarter of 2018. Nokia had a though Q1 with profits falling below the analyst expectations, but Nokia is confident that the company will outperform the market in full year 2018.
In Q1 2018, Nokia posted €4.929 billion in non-IFRS revenue, a decline of 9% compared to same period last year. Profit also took a dive from €203 million in Q1 last year, to €83 million last quarter. By IFRS standard of reporting which includes costs like the integration of Alcatel-Lucent, Nokia posted €4.924 billion in revenue and a loss of €354 million, which is a 19% improvement from the loss of €435 million in Q1 2017.
Nokia Technologies saw an almost 50% increase in revenue and 136% increase in profits in Q1 2018. Of the €365 million of net sales in the first quarter 2018, €349 million related to patent, brand and technology licensing and €16 million related to digital health.
You can check the full report (in PDF) here. If you find something interesting in the report, be free to share it with us, alongside your thoughts, in the comments down below. 🙂