Nokia’s IP Routing Business Hit by Component Shortage: CEO

The logo and ticker for Nokia are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. REUTERS/Brendan McDermid/File Photo

HELSINKI—Nokia’s second-quarter sales of IP routers were held back by component supply shortages, the network equipment maker’s chief executive said on Thursday.

The Finnish company’s IP routing sales fell 9 percent in the second quarter to 592 million euros, compared to the group’s total networks revenue of 4.7 billion euros.