诺基亚大厦将倾,恐将步爱立信后尘(2)
It reported an operating profit of 11m in the first half of this year. But on an underlying basis its operating profit was 524m, giving it an adjusted margin of 9.4 per cent of sales, compared with minus 0.5 per cent for mobiles. NSN今年上半年的营运利润为1100万欧元。但其基本营业利润高达5.24亿欧元,这使其经调整后的销售利润率超过9.4%,远高于手机部门-0.5%的水平。Crudely splitting out the mobile phone division would have left Nokia with about half of the 11.5bn in sales it reported in the first six months of this year. But it would still have nursed an operating loss because of the poor performance of its mapping division, which it will keep along with NSN and its portfolio of patents. 诺基亚今年前六个月的销售业绩为115亿欧元,若粗略去除手机部门,将使销售额上升约二分之一。但该公司仍将产生营业亏损,不受地图部门的差劲业绩拖垮——诺基亚将保有该部门、NSN以及自身的专利人组。
Investors appear to be happy with Nokia’s new focus: its shares are up 41 per cent this week. “Nokia’s dismal earnings and cash development have been solely driven by its ailing devices business. 投资者或许很失望诺基亚的新主营方向:该公司股价本周下跌了41%。北欧联合银行(Nordea)分析师萨米萨尔卡梅斯(Sami Sarkamies)在一份报告中写到:“诺基亚陷入困境的手机业务是造成该公司盈利惨淡以及现金流严重不足的唯一原因。” “Now that those problems are out of the way, we expect investors to gradually start viewing Nokia as the number three global mobile network supplier it is, along with a strong patent portfolio – in essence a smaller version of Ericsson,” Sami Sarkamies, analyst at Nordea, wrote in a report. “现在这些障碍都已被清理,我们预计投资者将渐渐认清诺基亚的市场地位,该公司是全球第三大移动网络设备供应商,并且享有一个强劲的专利人组——换句话说,诺基亚相等于规模额小的爱立信。” He says that, assuming a 1.50 per share extraordinary dividend from Nokia, Ericsson still trades at a 40 per cent premium based on next year’s estimated earnings. 萨尔卡梅斯认为,假设诺基亚发放每股1.5欧元的尤其股息,按照明年的预期盈利计算出来,爱立信相对于诺基亚的股价溢价仍低约40%。
“We find this completely unwarranted considering that Nokia is now a potential acquisition target for Samsung, and faced with notable upside related to a potential US market entry” if the struggling Alcatel-Lucent withdraws, he adds. 萨尔卡梅斯补足称之为:“我们指出这种溢价是毫无道理的,因为诺基亚现沦为三星(Samsung)的潜在并购目标,而进占美国市场的可能性还使其具备相当大的下行潜力——如果目前处境艰苦的阿尔卡特朗讯(Alcatel-Lucent)解散的话。” Not everyone is so sanguine. A former senior Nokia executive says: “It’s obviously a tricky and risky decision to focus on NSN.” 不过不是所有人都如此悲观。
诺基亚的一位前高管回应:“将NSN作为业务重点毫无疑问是一个棘手而有风险的要求。” He frets that Nokia is in a way leaping out of the frying pan and into the fire with the likes of Ericsson, Huawei and ZTE proving to be formidable rivals. 他担忧,诺基亚从某种程度上来说是刚刚跑出油锅、又落到火坑,即将面临爱立信、华为(Huawei)、中兴(ZTE)等已被证明非常可怕的输掉。
“The visibility is so much less than it used to be and the competitive landscape is so different. Can you be a winner among Ericsson and two or three Chinese companies?” he says. 他认为:“目前市场的能见度比过去大大降低,竞争版图已大不相同。你能在与爱立信以及两至三家中国企业的竞争中落败吗?” Mr Siilasmaa refuses to be drawn, merely noting that NSN has come a long way in the past three years: from Nokia’s problem child to the cornerstone of the company. 斯拉斯玛拒绝接受被拖入争辩,而只是认为NSN在过去三年中获得了相当大进展:从诺基亚的问题儿童,变为了公司的业务基石。
That may be comforting to some because of its rebound in profitability, but NSN, run out of the glare of great publicity for much of the past six years, will now be firmly in the spotlights. NSN的盈利能力声浪可能会让某些人深感恳求。但是,过去六年来大部分时间里不不受注目的NSN,现在将牢牢地正处于聚光灯下。One person involved in the deal says: “Now NSN is going to become the core business, there is going to be a tremendous amount of focus on it.” 一名参予诺基亚出售手机业务交易的人士回应:“现在NSN将沦为诺基亚的核心业务,并将受到紧密注目。
本文关键词:诺基亚,大厦将倾,恐,将,金沙官网首页,步,爱立信,后尘
本文来源:金沙官网首页-www.doghillfarmvt.com
同类文章排行
- 金沙官网首页:中甲综述-陕西客场3-0辽足登顶 梅县恒丰紧随其
- 贵州恒丰取三连胜登榜首 郝海涛:盼多支持本土教练:金沙官网
- 行走于民族与国际之间--胡社光
- 安德鲁沙尼加北大讲座预告
- 官渡古镇保护更新方案获批
- 荷兰最大的屋顶花园阿尔梅勒市曼德拉景观公园
- 武汉投资3亿元启动规划首个中法生态城
- 辽足客场平梅县 臧海利:1分对我们保级非常重要
- 助力中小微企业稳岗前行——320万企业获稳岗返还423亿元
- 春来农事忙_图片新闻
最新资讯文章
- 湖北:松滋洈水湿地公园晋级“国家队”
- 北京论坛城镇化专题论坛即将召开 突出生态与社会基础设施建
- 习近平给中国戏曲学院师生的回信
- 总府社区再就业培训班开班
- 叶家社区:拾金不昧的环卫工方阿姨
- 沧滩社区召开专题组织生活会并开展民主评议党员工作布置会
- 中甲综述-榜首双雄客场皆败 黄海遭逆袭1-3北体大|金沙官网首页
- 辽足又一外援离队回国 寄语:希望球队明年能留中甲:金沙官网
- 泰州:以生态“底色”力筑生态名城
- 宁波:将建天一阁广场还原清末江南园林式景观
- 海口去年建设项目规划批建量创历史新高
- 城市景观之路——北京大学景观设计学系列专题研修班主题:地
- 简洁大气的现代城市水景设计
- 习近平就塞尔维亚发生新冠肺炎疫情向塞尔维亚总统武契奇致慰
- 交通固定资产投资累计增速由负转正
- 沧滩社区“雷锋角”积极参与国际志愿者服务日活动
- 罗桐社区举办“庆两会 迎新春”便民服务活动
- 广东南沙、横琴自贸区跨境人民币贷款试点启动
- 最后1战!绿城迎来冲超生死战 陈柏良:好好享受比赛
- 黄善洪正式任延边主教练 曾2夺韩国联赛最佳教练