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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ

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Nokia Secures 37 5G Commercial Contracts

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05/21/2019 | 08:36am EDT

By Dominic Chopping

Nokia Corp. (NOK) said Tuesday it has now secured 37 fifth-generation commercial contracts, up from the 36 that it disclosed in its first-quarter earnings last month.

Twenty of those contracts are with named customers, including T-Mobile, AT&T Inc. (T), Saudi Telecom, and Telia Co. AB (TELIA.SK), it added.

In a statement released in conjunction with the company's annual general meeting, Chief Executive Rajeev Suri said the 5G-driven spending cycle that is now building momentum supports Nokia's end-to-end, full-portfolio strengths. Consequently, end-to-end sales as a percentage of sales pipeline are now at the highest point ever.

"5G is now accelerating and the power of Nokia's end-to-end portfolio is being recognized," he said.

Write to Dominic Chopping at dominic.chopping@wsj.com; @domchopping @WSJNordics

Stocks mentioned in the article
ChangeLast1st jan.
AT&T -0.09% 32.55 Delayed Quote.14.16%
NOKIA OYJ -1.13% 4.3745 Delayed Quote.-12.04%
SAUDI TELECOM COMPANY SJSC End-of-day quote.
TELIA COMPANY 0.82% 3.935 Delayed Quote.-4.24%
TELIA COMPANY 0.36% 41.47 Delayed Quote.-1.57%
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Financials (€)
Sales 2019 23 124 M
EBIT 2019 2 026 M
Net income 2019 266 M
Finance 2019 2 440 M
Yield 2019 4,66%
P/E ratio 2019 86,59
P/E ratio 2020 20,15
EV / Sales 2019 0,97x
EV / Sales 2020 0,93x
Capitalization 24 936 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 5,55 €
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Joerg Erlemeier Chief Operating Officer
Kristian Pullola Chief Financial Officer
Marcus Weldon Chief Technology Officer
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