Home › Nokia restores guidance as margins improve in Q2, sales down 11%
 

Keywords :   


Nokia restores guidance as margins improve in Q2, sales down 11%

2020-07-31 08:47:00| Telecompaper Headlines

(Telecompaper) Nokia reported second-quarter sales down 11 percent year-on-year to EUR 5.09 billion, hurt by the effects of the Covid-19 pandemic and weakness in China. However, the company continued to improve profitability, thanks to its restructuring, and adjusted net earnings rose 20 percent to EUR 0.06 per share. With the impact of the pandemic less than expected in Q2, the group returned to its previous guidance for the full year. 

Tags: down sales improve nokia

Category:Telecommunications

Latest from this category

All news
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
09.01Muller to retire from South Dakota Pork Producers Council
09.01First-ever Iowa Farm Act aims to strengthen state's ag sector
09.01First-ever Iowa Farm Act aims to strengthen state's ag sector
09.01Martin Lewis on 'the most dangerous form of mainstream debt in the UK'
09.01Martin Lewis on 'the most dangerous form of mainstream debt in the UK'
09.01US job creation in 2025 slows to weakest since Covid
09.01House Ag Democrats demand oversight as committee focus shifts
09.01Auction therapy provides market clarity over industry criticism
More »