Profit statements

Nokia records its first profit and increases its turnover by 41%

HMD Global, the home of Nokia phones, reported smartphone revenue growth of 41%, helping it record its first full year of operating profitability in 2021.

According to the company, it recorded six quarters of growth in the last two quarters of 2020 and four quarters of 2021.

In a statement, HMD Global Chief Executive Florian Seiche said: “2021 has been a year of transformation, driving strong revenue growth across the business and today we celebrate a new chapter. profitable for HMD Global with the release of three new affordable Nokia devices that are not only safe, reliable and durable, but provide more people with access to the latest innovative technologies at a lower cost.

“I am delighted to announce that our service portfolio includes a secure device financing solution for smartphones and other devices. At HMD, we bring these two ingredients together, a high-quality smartphone experience and a financing solution that s builds on our mission to make modern mobile technology accessible to everyone.

“Combined with the success of our enterprise services scaling to one million subscriptions in the first half of the year and delivering the exceptional level of services that customers have come to expect from us, we are delivering an accessible and seamlessly connected experience for individuals. and businesses around the world.”

The company added that it launched three C-series smartphones – the C21, C21 Plus and C2 2nd Edition in response to its revenue growth. It said its one million subscriptions are split between a product core consisting of Internet of Things connections, EMM licenses and device lock licenses.