December 28, 2014 11:01 AM ET

Software

Company Overview of Nokia Solutions and Networks Oy

Company Overview

Nokia Solutions and Networks Oy develops and delivers mobile broadband network solutions. It offers customer experience management solutions that give operators a view of their customers and customer experiences; evolved packet core solutions that manage broadband connectivity for mobile subscribers’ data services to the Internet, client’s networks, or corporate networks; IP multimedia subsystem core solutions that provide future-proof network architecture with open interfaces; operations support systems; small cells products and services for mobile data needs; subscriber data management solutions; and transportation networks solutions. The company also offers solutions in the areas of custo...

Karaportti 3

Espoo,  02610

Finland

Founded in 2006

Phone:

358 7140 04000

Fax:

358 7140 02716

Key Executives for Nokia Solutions and Networks Oy

Chief Financial Officer
Age: 53
Member of Executive Board
Age: 47
Executive Vice President of Asia
Age: 49
Chief Technology Officer
Age: 50
Executive Vice President of North American Market and Member of Management Board
Age: 47
Compensation as of Fiscal Year 2014.

Nokia Solutions and Networks Oy Key Developments

Nokia Solutions and Networks Announces Executive Changes

Igor Leprince has been appointed to lead Global Services at Nokia Networks, effective November 4, 2014. Leprince will report to Nokia President and CEO, Rajeev Suri, and join the Nokia Networks Leadership Team. He will be Executive Vice President Global Services, based in Espoo, Finland. Leprince is currently the Senior Vice President and Head of Middle East & Africa for Nokia Networks where he has been responsible for all sales and operations in the region. He will continue to lead Middle East & Africa until a successor is appointed. During his tenure, he has spearheaded the deployment of Mobile Broadband (3G/LTE) with the region’s leading telecommunication operators, developed and implemented the strategy that returned the region to profitability and revenue growth. Igor joined Nokia Networks in September 2007 as the Global Head of Network Planning and Optimization (NPO) which became a key differentiator for the services business and for the company. Igor also served as head of the Global Services Care organization prior to moving to Dubai. The previous head of Global Services, Eva Elmstedt, will leave the company at the end of 2014 for personal reasons.

Nokia Solutions and Networks Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Nokia Solutions and Networks reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, net sales were EUR 2,328 million, declined 14% from EUR 2,717 million reported year-on-year. Excluding divestments of businesses not consistent with the company’s strategic focus as well as the exiting of certain customer contracts and countries, net sales year-on-year declined approximately 10%. This was primarily due to reduced wireless infrastructure deployment activity and a negative impact related to foreign currency fluctuations, partially offset by higher net sales in core networks and LTE. Net sales decreased 25% quarter-on-quarter primarily reflecting seasonality. Underlying profitability with the first quarter 2014 operating margin before specific items of 9.3%, reflecting the strong gross margin. Free cash flow was EUR 153 million in the first quarter 2014, compared to EUR 239 million in the first quarter. In the first quarter 2014, the company’s free cash flow was affected negatively by approximately EUR 110 million of restructuring-related outflows. Operating profit was EUR 180 million against EUR 10 million for the same period in the last year. EBIT before specific items was EUR 217 million against EUR 202 million for the same period in the last year. EBITDA before specific items was EUR 259 million against EUR 290 million for the same period in the last year. Profit was EUR 124 million against loss of EUR 136 million for the same period in the last year. On a year-on-year basis, result in the first quarter of 2014 has improved significantly due to lower restructuring related charges and improved profitability as part of its successful transformation to date. The sequential decrease in net profit in the first quarter of 2014 was primarily due to the lower operating profit. The year-on-year increase in the company’s operating profit before specific items in the first quarter of 2014 was primarily due to a higher operating profit before specific items in Global Services, partially offset by a lower operating profit before specific items in Mobile Broadband. The year-on-year decrease of 14% in the company's net sales in the first quarter of 2014 was partially due to divestments of businesses not consistent with its strategic focus, as well as the exiting of certain customer contracts and countries. Excluding these two factors, net sales in the first quarter of 2014 declined year-on-year by approximately 10%, primarily due to lower net sales in Global Services.

Nokia Solutions and Networks Oy - Fixed Income Call on Apr 30, 2014

Nokia Solutions and Networks Oy - Fixed Income Call on Apr 30, 2014

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