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Stock impact report

Nokia Corporation Interim Report for Q1 2024 [Yahoo! Finance]

Nokia Corporation Sponsored American Depositary Shares (NOK) 
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am Check Earnings Report
US:NYSE Investor Relations: nokia.com/en_int/investors
Company Research Source: Yahoo! Finance
Strong cash flow and improving orders despite market weakness As expected, a slow start to 2024 with net sales declining 19% y-o-y in constant currency (-20% reported) in Q1. Environment still challenging but order trends continue to improve year-on-year, particularly in Network Infrastructure. Comparable gross margin in Q1 increased by 1 090bps y-o-y to 48.6% (reported increased 1 040bps to 47.9%). Strong contribution from Nokia Technologies which benefited from significant catch-up net sales, in addition to significant improvements in Mobile Networks due in part to regional and product mix. Q1 comparable operating margin increased 460bps y-o-y to 12.8% (reported up 130bps to 8.6%), as licensing catch-up net sales more than made up for low net sales coverage of operating expenses impacting other business groups. Q1 comparable diluted EPS of EUR 0.09; reported diluted EPS of EUR 0.08. Q1 free cash flow almost EUR 1bn, net cash balance EUR 5.1bn. Nokia's full year 2024 o Show less Read more
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