Nokia sinks in the stock market. In the evening, on the Helsinki stock exchange, the shares of the Finnish giant fell by 10,58%, to 5,12 euros. The sell-off was triggered by the latest economic data released by the company.
The turnover achieved by the mobile sector fell by almost a third in the last quarter of the year, to 2,6 billion dollars, registering a -29% on an annual basis and a -5% compared to the previous three months, reversing the dynamic of improvement that seemed to come from the key sector of smartphones.
In turn, the whole of 2013 closed with a -29% of sales for Nokia mobile phones, at 10,7 billion euros. The group explained that the tough global competition has also made itself felt on the sales of smartphones of the Lumia class, equipped with the Microsoft Windows Phone operating system.
The plan agreed at the beginning of September foresees that Nokia mobile phones will be acquired by Microsoft for 5,4 billion dollars. In the press release with today's data, the Scandinavian company did not provide specific figures on smartphone sales, but according to the Financial Times it confirmed that they had dropped to 8,8 million, from 8,2 million in the previous three months.
Even excluding this sector, however, the balance sheet data of the Scandinavian group remain negative. Total net turnover, at 12,7 billion euros, recorded a 17% drop in 2013, and a -21% drop on the fourth quarter alone.
Nokia has drastically improved its losses, 2013 closed with a loss of 615 million, compared to 3,1 billion a year earlier.
