Nokiaposted a big sales and net profit increase for the first
quarter, but saw its operating margins fall.
Sales were up 28% to £10.12bn and net profits for the group went
up 25% to £977m.
However, overall operating margins fell to 12.1% from the 12.9%
seen in the first quarter last year.
This was primarily down to the poor performance of the networks
side of the business, where Nokia has joined forces with
Siemens to form
Nokia Siemens Networks.
The new organisation made an operating loss in the quarter, with
Nokia having to absorb high reorganisation costs, including
thousands of redundancies.
The group also had to deal with lower prices received for
handsets and services in developing countries.
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Nokia Sees operating profits slump
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