Finland’s Helsinki-based Nokia Oy group has reorganised its structure to create four electronics divisions and two industry segments. Nokia Consumer Electronics – largely ITT’s old West German consumer business – and Nokia Data, restructured around the Ericsson Information Systems acquisition, are the two core businesses and account for 48%, $2,540m, of the company’s 1988 turnover, which was equivalent to $5,105m in total, followed by the Basic Industries division – paper, pulp and other commodities, at 21%. The Cables and Machinery division accounts for 19%. There are also two smaller electronics divisions Nokia Mobile Phones and Nokia Telecommunications with a combined contribution of 12%; Nokia Telecommunications operates in the public switching, cellular systems and dedicated networks markets and last week won a contract worth around UKP40m from the French operator SFR for a mobile phone network. Electronics and telecommunications now therefore represent total sales of $3,063m sales, 60% of the company’s business; a decade ago, Nokia’s electronic interests were tiny.
