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

14.08Belgian mobile service revenues fall nearly 8% in Q2 as Covid restrictions hit roaming income
14.08Epic sues Apple, Google after Fortnite pulled from app stores
14.08Survey claims nearly 5 million UK consumers suffered broadband outages but at what cost?
14.08TIM delivers on promise to connect rural "white areas" and bridge the digital divide
14.08Euskaltel hires Lazard to sell broadband network
14.08The Cayman Islands Government considers a new subsea cable
13.08Apple plans bundled service packages alongside new iPhone in October - report
13.08NTT Data, Mavenir partner on 5G campus networks in Germany
Telecommunications »
15.08Kia Motors to accelerate diversification of global mobility services
15.08Tropical Storm Josephine Graphics
15.08Tropical Storm Josephine Forecast Discussion Number 15
15.08Tropical Storm Josephine Wind Speed Probabilities Number 15
15.08Tropical Storm Josephine Public Advisory Number 15
15.08Summary for Tropical Storm Josephine (AT1/AL112020)
15.08Tropical Storm Josephine Forecast Advisory Number 15
15.08Tropical Depression Ten-E Graphics
More »