Nokia Corporation Interim Report for Q1

Nokia Corporation Interim Report for Q1

Improved margins as transformation and product cost reduction efforts take hold

• Confidence in resilient customer base and strong liquidity position
• 5G deal momentum continues, with 70 commercial deals and 21 live networks
• Strong growth in Nokia Software and Nokia Enterprise
• Within previously provided Outlook ranges for full year 2020, adjusted the non-IFRS mid-points for EPS to EUR 0.23 and operating margin to 9.0%
• Majority of COVID-19 impact expected in Q2; continue to expect a seasonally strong second half

Full press release (ENG)