Nokia Oyj: Nokia Corporation Financial Report for Q1 2021
Nokia Corporation
Sales growth in Q1 driving margin increase and strong cash generation
Strong start to the year with constant currency net sales up 9% year-on-year, driven by strong growth in Network Infrastructure and solid growth in Mobile Networks; reported net sales increased 3%
Enterprise constant currency net sales up 18% year-on-year, as we gained 63 new customers, more than doubling the number we added in Q1 2020; reported net sales increased 14%
Comparable gross margin of 38.2% (reported 37.9%), reflecting improvements in Mobile Networks, mainly driven by 5G growth and favorable product and regional mix, and broad improvements across Network Infrastructure
Nokia (
NOK) - Get Report was surging Thursday after the telecom-equipment provider beat Wall Street s first-quarter earnings expectations.
Shares of the Finnish company were climbing 13.7% on Thursday.
Revenue increased 3% to €5.08 billion ($6.16 billion), beating analysts expectations of $4.74 billion. Net profit totaled $451.5 million, or about 7 cents a share, beating analysts consensus estimates of 1 cent a share.
Chief Executive Pekka Lundmark said in a statement that he was particularly pleased by strong sales growth across our Network Infrastructure business group.
Lundmark said the sales growth was driven by increasing demand for next generation connectivity; good progress in Mobile Networks in securing full portfolio competitiveness; continued double-digit sales growth with our Enterprise customers; double-digit sales growth in North America; and good net sales development for Nokia Technologies.
iTWire Thursday, 29 April 2021 20:23 Nokia ranked as number one in 5G patents
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An independent study by PA Consulting confirms Nokia’s leadership in 5G Standard Essential Patents, and is the latest to rank Nokia number one for patents declared as essential for cellular standards, including 5G.
Nokia has announced that it has been ranked as number one in 5G patents in an independent study.
The strength of Nokia’s industry leading 5G patent portfolio has once again been confirmed by an independent third party. In its study on Standard Essential Patents (published April 2021), independent analyst firm PA Consulting concluded that Nokia is number one for ownership of granted patents that the researchers found essential to 5G standards.
Nokia Oyj: Nokia ranked as number one in 5G patents
Independent study by PA Consulting confirms Nokia s leadership in 5G Standard Essential Patents
The finding is the latest to rank Nokia number one for patents declared as essential for cellular standards, including 5G
28 April 2021
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The strength of Nokia s industry leading 5G patent portfolio has once again been confirmed by an independent third party. In its study on Standard Essential Patents (published April 2021), independent analyst firm PA Consulting concluded that Nokia is number one for ownership of granted patents that the researchers found essential to 5G standards.
This is the second time Nokia s leadership in 5G Standard Essential Patents has been confirmed by PA Consulting s research. Nokia was ranked as number one in their previous study published in 2019. The analyst firm conducted their own technical analysis of the 5G patent landscape, investigating whether the patents are truly essential to the 5G standard