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  • 23 Oct 23
Q3 23: need for another sweep

Nokia published its Q3 results which missed the consensus estimates by 12% and 10% for sales and Ni, respectively. However, it has re-iterated its FY23 guidance (supported largely by network services) and has also re-iterated its 2024-26 target of >14% comparable operating profit but with the help of a newly-announced cost-cutting programme.

Companies: Nokia Oyj

AlphaValue
  • 03 May 23
Q1 23: Margins to remain under pressure in H1

Nokia published Q1 profits that were weaker than the market had expected due to the geographical mix. Like Ericsson, Nokia saw an accelerated roll-out of 5G in India (15% of sales in Q1 vs 5% in FY22) which is usually less profitable and cash intensive initially. Net sales were up by 10% to €5.9bn, beating the market estimate of €5.7bn. However, the comparable net profit stood at 342m (-18% yoy and -11% vs market consensus).

Companies: Nokia Oyj

AlphaValue
  • 21 Oct 22
Q3-22: license contract renewals weaken margins

Nokia showed that it benefits from resilient growth despite the uncertain macro environment, with a strong performance from its core activity. However, its margins were poor due to a sharp decrease in Nokia Technologies revenues, which is the most profitable business. In addition, it is struggling to pass on price increases to customers and is absorbing the impact of inflation. All in all, a worrying set of results.

Companies: Nokia Oyj

AlphaValue
  • 22 Jul 22
Q2 22: all stars are aligned

Following the poor results of Ericsson last week, the market had sanctioned Nokia in anticipation. However, the sound results in its two largest business units have proven to be resilient, and the strong dollar impact combined with the improvement in operational efficiency has offset the rise in costs. The business remains supply constrained, but the supply chain is expected to ease in the next half year, which should unlock higher growth in sales for Nokia.

Companies: Nokia Oyj

AlphaValue
  • 29 Apr 22
Q1 22: Cost inflation is not an issue for Nokia

The list of the headwinds impacting Nokia’s first quarter is long and it might have seemed reasonable to assume that the financial figures would be soft. However, Nokia delivered a strong beat in all financial metrics for its first quarter report, and we believe it is well set to reach the high-end of its FY22 guidance.

Companies: Nokia Oyj

AlphaValue
  • 04 Feb 22
Q4 21: shareholders rewarded for their patience

Nokia has published decent results, broadly in line with consensus after it published last month a preliminary statement to warn the market its margins would be above guidance for both FY21 and FY22. The positive news comes from the announcement of a share buy-back programme of €600m.

Companies: Nokia Oyj

AlphaValue
  • 01 Jan 22
Nokia Corporation - How Real Is The Recovery Story? (01/22)

This is a special report on Nokia Corporation – the Finnish telecom giant with one of the most radical business transformations ever seen. The company was once a global leader in a rapidly evolving mobile phone market where its market share was destroyed. After some heavy management changes, Pekka Lundmark took over the reins of Nokia and it has now evolved to become a trusted hardware partner for telecom networks with a strong commitment to innovation and technology leadership across mobile, fi

Companies: Nokia Oyj

Baptista Research
  • 29 Oct 21
Q3 21: strong profitability without Verizon

Nokia has published strong Q3 results, putting aside concerns about profitability levels due to the loss of the Verizon contract a year ago. Although it has had some consequences on the Mobile Network segment numbers, Nokia has generated growth in all other sectors through the emphasis on new technology.

Companies: Nokia Oyj

AlphaValue
  • 30 Jul 21
Q2 21: Nokia confirms it is back

Nokia has already warned the market that the results would be better than previously guided, and we were not disappointed! The results came in above consensus and guidance has been re-adjusted positively.

Companies: Nokia Oyj

AlphaValue
  • 30 Apr 21
Q1-21: an excellent surprise

Nokia posted an excellent set of results, with better-than-expected sales driven by unexpected growth in Networks. The positive contribution of this segment to EBIT is a positive surprise.

Companies: Nokia Oyj

AlphaValue
  • 04 Feb 21
Q4 20: slowly, but surely coming back to the fore

Nokia released a decent set of results, with a slight positive surprise on both sales and profitability. Going forward, the guidance is in line with estimates.

Companies: Nokia Oyj

AlphaValue
  • 29 Oct 20
Q3 20: another disappointment

Overall, Q3 results were not exciting and the outlook was clearly disappointing. We see downward pressure on our estimates owing to the new guidance provided by the management. We will therefore trim our estimates.

Companies: Nokia Oyj

AlphaValue
  • 31 Jul 20
Q2 20: gradually making a come back

Nokia achieved a strong Q2 performance despite multiple headwinds. The company posted a strong level of profitability which was above consensus expectation, along with a solid cash performance. This gave management more confidence on the FY20, leading to an increase in the guidance.

Companies: Nokia Oyj

AlphaValue
  • 30 Apr 20
Q1 20 : Lower guidance already factored into the expectations

Nokia’s first-quarter results were in line with the consensus and our expectations. The company saw the first COVID-19 impacts in Q1, but Q2 will be the most impacted. As a result, the company slightly lowered its FY20 guidance. We, however, remain confident of its prospects beyond 2020.

Companies: Nokia Oyj

AlphaValue
  • 06 Feb 20
Q4-19: flattish 2020 growth expected, but looming operational performance

Nokia’s results’ beat provides some relief and meets 2019 guidance, while the 2020 guidance is left unchanged. We expect soft growth in 2020, offset by improving profitability. The company made significant progress towards a new, and competitive, SoC, which should give the company a better competitive solution going forward.

Companies: Nokia Oyj

AlphaValue

Nokia Oyj

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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Nokia Oyj. We currently have 0 research reports from 5 professional analysts.

Latest News/RNS

(more news)
Date Source Announcement
19Apr24 20:30 GNW Nokia Oyj: Omien osakkeiden takaisinosto 19.04.2024
19Apr24 20:30 GNW Nokia Corporation: Repurchase of own shares on 19.04.2024
18Apr24 20:30 GNW Nokia Oyj: Omien osakkeiden takaisinosto 18.04.2024
18Apr24 20:30 GNW Nokia Corporation: Repurchase of own shares on 18.04.2024
18Apr24 06:00 GNW Nokia Oyj:n vuoden 2024 ensimmäisen neljänneksen osavuosikatsaus
18Apr24 06:00 GNW Nokia Corporation Interim Report for Q1 2024
17Apr24 20:30 GNW Nokia Oyj: Omien osakkeiden takaisinosto 17.04.2024
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