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Nokia's net sales up by 17% in Q4 2013

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V&D Bureau
New Update

Nokia has reported 18% increase sequentially in its net sales for the fourth quarter 2013 as compared to third quarter 2013. While its net sales dipped by 17% in Q4 2013 as compared to Q4 2012, its net sales in Q4 2012 stood at Euro 12.7 billion.

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HERE's external net sales grew to Euro 225 million, an increase of 10% year-on-year and 28% sequentially.

Nokia Solutions Networks reported net profit improved to Euro 15 million, compared to a reported net loss of Euro 1.4 billion in 2012, reflecting lower levels of restructuring charges, strong operational performance in both Global Services and Mobile Broadband, and lower purchase price accounting related expenses.

The company's advanced technologies division's net sales reduced by 1% year-on-year.

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Risto Siilasmaa, Nokia Chairman and interim CEO said, "The fourth quarter of 2013 was a watershed moment in Nokia's history. Having received overwhelmingly strong support from our shareholders at our extraordinary general meeting in November for the sale of our phones business to Microsoft, we are diligently working towards defining Nokia's future direction. I am pleased with the progress we have made thus far in our strategy evaluation and excited by the opportunities ahead for each of our three continuing businesses: NSN, HERE and Advanced Technologies."

Risto added, for Advanced Technologies, we are focused on continuing to invest in innovation, implementing our successful business strategy of licensing our industry leading intellectual property to companies interested in Nokia's innovations, and are planning to add further value to our partners through technology licensing."

 

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