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Nokia Siemens Networks Karaportti 3 02610 Espoo, Finland https://networks.nokia.com/
Contact Ms Katja Antila +358 10 4484900
Company logo of Nokia Siemens Networks
Nokia Siemens Networks

Nokia Corporation Financial Report for Q2 and Half Year 2020

Continued improved execution drives strong margin and cash performance

(PresseBox) (Espoo, )

Strong margin expansion, primarily driven by Mobile Access
Clear roadmap progress, particularly related to our 5G mid-band portfolio
Confidence in resilient customer base and strong liquidity position
11% decrease in net sales, largely driven by COVID-19 and China
Strong growth in Nokia Enterprise
Positive operating profit, on a reported basis, in both Q2 and half year 2020
Within previously provided Outlook ranges for full year 2020, adjusted the non-IFRS mid-points for EPS to EUR 0.25 and operating margin to 9.5%
Delivered strong free cash flow year-to-date and raised 2020 recurring free cash flow guidance to be clearly positiv


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