- Nokia’s 1Q Adjusted Operating Profit surpassed estimates coming in at EU597 million, higher than the estimated EU568.8 million.
- Adjusted Operating Margin was at 12.8%, exceeding the estimate of 12.2%.
- Adjusted Gross Margin was reported at 48.6%, higher than the estimated 42.9%.
- Adjusted EPS reached EU0.090, beating the estimate of EU0.07.
- Cloud & Network Services reported net sales of EU652 million, falling short of the estimated EU723.1 million.
- Nokia Technologies recorded higher net sales of EU757 million, beating the estimated EU726.5 million.
- Group Common & Other reported net sales of EU23 million, below the estimated EU30.9 million.
- Operating Profit was at EU400 million, lower than the estimated EU456.2 million.
- The Network Infrastructure Operating Profit stood at EU82 million, lower than the estimate of EU154.9 million.
- Cloud & Network Services recorded an operating loss of EU27 million, contrary to an estimated profit of EU0.96 million.
- Nokia Technologies posted an operating profit of EU658 million, higher than the estimated EU566.7 million.
- Group Common & Other reported an operating loss of EU75 million, lesser than the estimated loss of EU89.9 million.
- Mobile Networks reported a Gross Margin of 42.4%, higher than the estimated 34.4%.
- Network Infrastructure Gross Margin was reported at 36.8%, a slight decrease from the estimated 37.1%.
- The Gross Margin for Cloud & Network Services was 35.9%, higher than the estimated 34.6%.
- Nokia Technologies recorded a Gross Margin of 100%, slightly higher than the estimate of 99.9%.
- Analysts’ recommendations were 11 buys, 15 holds, and 3 sells.
A look at Nokia OYJ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores have given Nokia OYJ positive ratings across multiple key factors. With top scores in Value, Growth, Resilience, and solid scores in Dividend and Momentum, the outlook for Nokia OYJ appears promising for the long term. The company is positioned well in terms of value and growth potential, showcasing resilience and a positive momentum in the market.
Nokia OYJ, a global communications company with a network of production facilities for location intelligence and network infrastructure, along with sales and customer service operations, is also backed by research and software development centers worldwide. With strong ratings in important areas according to Smartkarma Smart Scores, Nokia OYJ seems to have a favorable long-term outlook, making it a company to watch for potential investors seeking a balanced and promising investment option.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
