Nokia has posted impressive figures for its full year,
with sales and operating and net profits well up, but its
enterprise business continued to struggle.
For the year, the firm said 2006 sales increased 20% to 41.1bn
euros (£28.34bn) when compared to 2005, and that operating profits
hit 5.48bn euros, a jump of 18%.
In addition, net profits rose 19% to 4.3bn euros. One bad mark
was that operating margins actually fell slightly from 13.6% to
13.3%.
In addition, one worrying trend is that the company’s enterprise
division continues to haemorrhage cash - like in 2005, this
division again lost 258m euros.
The division was set up to help firms integrate their mobile
technology with their fixed line systems, but Nokia has struggled
to make it financially work, despite mobile integration being a key
requirement by firms.
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