Nokia : The group’s ability to improve margins should help further narrow the discount vs Ericsson
>Q1 2020 > expectations thanks to a strong improvement in the gross margin - On Friday, Nokia reported higher-than-expected Q2 2020 results despite a stronger fall in sales than anticipated. Sales came to € 5,092m vs the consensus forecast of € 5,281m. COVID-19 had an impact of ~€ 300m. The group said that most of its sales will be booked later. This equates to a decline of 11% on a reported basis and at constant currencies. Network sales came to € 3,955m (vs consensu...Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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