Ai Feedback
Exact(7)
Discounting taken its toll and no late rush by shoppers December 31 , 2013Vertem Asset Mgmt (@vertemam) Debenhams reports negligable sales growth and big margin declines, with more to come, shares off 10% from already surpressed levels.
It said Asda aside, none of the other three players were able to engage in many more rounds of price cuts as they had limited financial capacity to absorb further margin declines.
But after a conference call to discuss the results, its shares fell as investors became concerned about steeper profit margin declines in 2008 than they had expected.
– Competitive industry dynamics, which negatively affected net sales in the Mobile Phones and Smart Devices business units, particularly in India, the Middle East and Africa and China; and – Gross margin declines, particularly in the Smart Devices business unit.
In the statement, Nokia does not give any guidance on Q2 revenues but highlights that it is seeing a lot of pressure in two specific areas: emerging markets — particularly India, the Middle East, Africa and China — as well as margin declines in the smart devices unit.
On a sequential basis, the decline in our Devices & Services non-IFRS gross margin in the first quarter 2012 was driven primarily by gross margin declines in both Smart Devices and Mobiles Phones, partially offset by a positive impact from lower warranty costs, which is expected to be non-recurring, and higher IPR royalty income.
Similar(50)
Operating margin declined to 10.4% from 11.3%.
Still, the company's profit margin declined about 1percentt from last quarter.
Nothing new in this, and we already had anticipated a 110 basis points margin decline.
A small margin decline in the managed business (-20bp) was offset by cost efficiencies elsewhere.
Gross margin declined slightly to 31.3 percent in the quarter, from 31.6 percent a year earlier.
Related(18)
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com