Nokia Corp (UK) (GB:0HAF) has released an update.
Nokia Corp (UK) reports a 19% year-on-year decline in Q1 2024 net sales, with improving orders suggesting a stronger second half. The company’s comparable operating margin rose to 12.8%, with nearly EUR 1 billion in free cash flow generated. Despite a challenging environment, Nokia maintains its full year outlook, expecting continued growth and stability, particularly within its Network Infrastructure and Nokia Technologies divisions.
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