Nokia (NOK) Tops Q2 EPS by EUR0.01
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Nokia (NYSE: NOK) reported Q2 EPS of EUR0.10, EUR0.01 better than the analyst estimate of EUR0.09. Revenue for the quarter came in at EUR5.87 billion versus the consensus estimate of EUR5.86 billion.
2022 total addressable market (€bn) | Constant currency growth | |
Mobile Networks | 51 | +5% |
Network Infrastructure | 47 | +5% |
Cloud and Network Services | 27 | +3% |
Nokia total addressable market | 125 | +4% |
Full year 2022 | |
Mobile Networks | 6.5 to 9.5% |
Network Infrastructure | 9.5 to 12.5% |
Cloud and Network Services | 4.0 to 7.0% |
Nokia Technologies | >75% |
Rule of thumb related to currency fluctuations: Assuming our current mix of net sales and total costs (refer to Note 1, Basis of Preparation in the Financial statement information section included in Nokia Corporation Financial Report for Q2 and Half Year 2022 for details), we expect that a 10% strengthening in the USD vs. the EUR would have an impact of approximately positive 5% on net sales, a positive impact on operating profit and a slight positive impact to our operating margin, before hedging. In the current financial year, due to the impact of hedging, we expect an approximately neutral impact on operating profit and a slightly negative impact to operating margin (update).
Nokia’s long-term targets as published with our fourth quarter 2021 results remain unchanged.
For earnings history and earnings-related data on Nokia (NOK) click here.
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