Nokia : Positive on the rest of 2022 despite supply chain constraints
>Q1 2022 in line with expectations - Nokia yesterday reported Q1 2022 results in line with expectations. Sales came in at € 5,348m, vs € 5,258m for the consensus, i.e. annual growth of 5%, but only +1% at cc. Adjusted gross margin came in at 40.7%, above the consensus forecast of 39.2%. Adjusted EBIT amounted to € 583m, representing a margin of 10.9%, close to the consensus forecasts of € 519m and 9.9%. Adjusted EPS was € 0.07, in line with our estimate and the consen...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.
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