Nokia Drops Back in quarterly loss as revenue plunge

Nokia has announced its fourth quarter financial results , which is preparing to sell its mobile business , and announced that its revenue fell 21 percent to EUR3.48 billion ( U.S. $ 4.7 billion ) .

The company recorded a net loss for the quarter of EUR25 million ( U.S. $ 33.9 million ), compared with a profit of EUR193 million a year ago.


NSN division network infrastructure that will form the bulk of Nokia to go before the fourth quarter saw revenues decline 22 percent to EUR3.1 billion, split about equally between equipment sales and managed services .

The company said that some of the decline was due to the transfer of assets , but it would still be seen a decline in sales of 15 % without this factor.

The Company recorded a loss on all markets except China , where there was a slight increase.

Cell division , already described as a discontinued operation Company recorded additional reductions . The company shipped fewer mobile base , although it says it has seen an increase in sales of smartphones without developing real numbers .

Mapping Division of the company, Behold external net sales rose to 225 million euros, an increase of 10 % year on year.

Risto Siilasmaa , Nokia Chairman and interim CEO commented on the company’s progress : ” The fourth quarter of 2013 was a turning point in the history of Nokia, which received strong support from our shareholders overwhelmingly at our extraordinary general meeting November for the sale of our business calls. at Microsoft , we are diligently working to define the future direction of Nokia. “

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