Nokia (NOK) Misses Q1 EPS
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Nokia Corporation Financial Report for Q1 2023
April 20, 2023 1:00 AM EDTNokia CorporationInterim report20Â April 2023 at 08:00 EEST
Nokia Corporation Financial Report for Q1 2023
Strong net sales growth; outlook unchanged
Net sales grew 9% y-o-y in constant currency (10% reported).Enterprise net sales grew 62% y-o-y in constant currency (65% reported).Comparable gross margin declined 300bps y-o-y to 37,7% (reported -310bps to 37,5%), due to regional mix and a lower contribution from Nokia Technologies partly related to a license option exercised in Q4 2022. Comparable operating margin declined y-o-y by 270bps to 8,2%,... More