Nokia India gross sales fall 15% to 250 million euro in December quarter


Telecom gear maker Nokia on Thursday reported a 15 per cent decline in India gross sales to 250 million euro (about Rs 2,113 crore) within the December 2021 quarter.

The corporate had recorded web gross sales of 294 million euro a yr in the past.

For the complete yr ended December 2021, the corporate’s gross sales in India grew by 9 per cent to 1,039 million euro from 954 million euro on the finish of 2020.

On a relentless forex foundation, the gross sales of Nokia declined by 19 per cent throughout the reported quarter on a year-on-year foundation and annual income elevated by 13 per cent.

“From a regional perspective, (web gross sales in) North America, Asia Pacific, Higher China and India declined on a relentless forex foundation. This was partly offset by will increase in Europe, the Center East and Africa and Latin America.

Web gross sales in North America decreased 12 per cent on a relentless forex foundation, primarily resulting from Cell Networks, partly offset by progress in community infrastructure. The decline within the Asia Pacific was primarily pushed by cell networks,” the corporate stated in a launch.

Nokia’s world enterprise was adversely impacted because of the provide chain constraints and decrease gross sales of apparatus for cell networks, significantly in Asia.

“The decline in cell networks web gross sales mirrored much less pronounced seasonality within the fourth quarter, as anticipated, with decrease web gross sales in each radio entry merchandise, in addition to companies. Moreover, web gross sales have been impacted by provide chain constraints,” Nokia stated within the launch.

The 13 per cent fall within the cell networks division was largely offset by community infrastructure enterprise, which elevated 14 per cent throughout the reported quarter.

Nokia’s world revenue throughout the reported quarter declined by 7 per cent to 731 million euro from 784 million euro a yr in the past.

The worldwide income of Nokia declined by 2 per cent to six.41 billion euro within the December 2021 quarter from 6.55 billion euro within the corresponding quarter of 2020.

For the complete yr ended December 31, 2021, Nokia’s revenue elevated by 47 per cent to 2.1 billion euro from 1.43 billion euro on the finish of 2020.

The annual income of Nokia elevated by 2 per cent to 22.2 billion in 2021 from 21.85 billion in 2020.

On a relentless forex foundation, its web gross sales elevated 3 per cent in 2021.

(Solely the headline and film of this report could have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

Pricey Reader,

Enterprise Normal has at all times strived exhausting to supply up-to-date info and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the best way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to maintaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial influence of the pandemic, we’d like your assist much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your assist via extra subscriptions might help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Normal.

Digital Editor


Supply hyperlink