0
General

Nokia improves profit margins in Q1 as sales return to growth of 3%

Thursday 29 April 2021 | 09:34 CET | News
Nokia reported a return to sales growth in the first quarter, with revenues up 3 percent to EUR 5.1 billion and growing 9 percent on a constant currency basis. The adjusted operating margin improved to 10.9 percent from 2.4 percent a year ago, and CEO Pekka Lundmark said the company has a good chance to achieve the high end of its targeted range of 7-10 percent over the full year. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Nokia
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nokia improves FY sales, margin outlook after solid Q2 results

Published 29 Jul 2021 09:30 CET | World
Nokia has raised its outlook as promised, after reporting improved results for the second quarter. The new forecast for revenues ...

Nokia expects to lift outlook for 2021

Published 13 Jul 2021 09:14 CET | World
Nokia said it saw continued strength in the business in the second quarter. Taken with the positive first quarter, the latest ...

Dell'Oro raises FY outlook for telecom equipment market growth after strong Q1

Published 16 Jun 2021 13:28 CET | World
Dell'Oro has raised its forecast for growth in the telecom equipment market this year to 5-10 percent, from a previous estimate ...

Nokia secures Movistar Chile 5G network contract

Published 11 May 2021 10:15 CET | Chile
Nokia said it has followed its recent deal to upgrade Telefonica's IP network in Spain with a contract to help the operator's ...

Nokia introduces Smart Node to boost 4G, 5G mobile indoor coverage

Published 06 May 2021 15:28 CET | World
Nokia launched the Nokia Smart Node, an indoor mobile module platform delivering high-quality 4G and 5G indoor mobile coverage ...

Nokia launches Nokia Edge Automation to manage multiple cloud deployments

Published 23 Mar 2021 13:42 CET | World
Nokia has launched Nokia Edge Automation, a new platform designed to remove the complexity of managing multiple cloud-based data ...

Nokia targets 10-13% operating margin in FY 2023 in new 3-stage strategy

Published 18 Mar 2021 09:52 CET | World
Nokia said on the occasion of its Capital Markets Day that it expects its comparable operating margin to rise to between 10 ...

Nokia says AirScale 5G mMIMO base station will cut power use by 50% by 2023

Published 17 Mar 2021 13:55 CET | World
Equipment vendor Nokia has announced that its AirScale 5G mMIMO Base Station will achieve an average cut in power consumption of ...

Nokia appoints new chief corporate affairs officer

Published 17 Mar 2021 09:34 CET | World
Nokia has appointed Melissa Schoeb its new chief corporate affairs officer and member of its group leadership team, from 12 ...

Nokia to cut staff by up to 10,000 in latest cost savings plan

Published 16 Mar 2021 09:53 CET | World
Equipment vendor Nokia has announced plans to shrink its workforce from approximately 90,000 currently to between 80,000 and ...

Nokia launches Service Enablement Platform to support O-Ran apps

Published 11 Mar 2021 11:01 CET | World
Nokia announced the launch of its Service Enablement Platform to deliver radio network programmability. The commercial platform ...

Nokia meets reduced FY outlook, sees 'transition year' in 2021 on 5G investment

Published 04 Feb 2021 08:57 CET | World
Nokia reported fourth-quarter sales down 5 percent year-on-year to EUR 6.6 billion, hurt by continued weakness in its Mobile ...

Nokia announces new organisation structure, plans more strategy changes after FY outlook cut

Published 29 Oct 2020 08:10 CET | World
Nokia's new CEO is changing the company's operating model and management team, ahead of expected bigger changes to be announced ...





Calendar   /   Industry Events

02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug Harmonic Q2
02 Aug DZS Q2
03 Aug Alibaba Q2 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Infinera Q3 2021
03 Aug Akamai Technologies Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Sequans Q2 2021
03 Aug Bredband2 Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug Intred Q2 2021
04 Aug Digi International fiscal Q3
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
05 Aug Motorola Solutions Q2
05 Aug Frontier Communications investors meeting
::: More Calendar Items