Nokia Corp (UK) (GB:0HAF) has released an update.
Nokia Corporation has reported a challenging Q1 in 2024, with a notable 19% year-over-year decline in net sales, attributed to market weakness. Despite this, the company saw an improvement in orders, particularly in Network Infrastructure, and managed to generate a robust free cash flow of nearly EUR 1 billion. The firm remains optimistic about the second half of the year, maintaining its full year outlook with a comparable operating profit expected to be between EUR 2.3 billion to EUR 2.9 billion.
For further insights into GB:0HAF stock, check out TipRanks’ Stock Analysis page.
