This report provides a financial and strategic analysis for Nokia Corporation’s Q2 2024 financial results.
Features:
- Financial Analysis of Q2 2024 [April1 - June 30]
- Financial and Strategic Analysis of Regional Performance
- Financial and Strategic Analysis of Networks Segment Performance
- Publisher's Perspective
Financial Results:
Nokia Corporation [NOK] reported fiscal 2024 Q2 results on July 18, 2024.
The focus of this research brief is on the overall company performance but specifically for the Mobile Networks segment part of the company and its financial performance.
Key Takeaways from overall financial performance:
- Revenues down 18% YoY to EUR 4.466 billion from EUR 5.438 billion
- Reported gross margins up 380 bps YoY to 43.3% from 39.5%
- Report EBITA margins up 110 bps YoY to 9.7% from 8.6%
Table of Contents
- Financial Research Brief
- Methodology
- Author
- Financial Results
- AT&T Wireless Update
- Market Remains Competitive from Chinese RAN Vendors
- Vodafone Idea Accounts Receivables Resolution & Implications
- Cloud Networks and Services (CNS) Segment Update
- Nokia Management Q3 and 2024 Outlook
- Nokia Management 2026 Outlook
- Publisher's Perspective
TABLES
- Table 1: Segment Sales (EUR Millions), Q1 2023 - Q2 2024
- Table 2: Segment Sales (As a % of total), Q1 2023 - Q2 2024
- Table 3: Nokia FY 2024 Financial Targets
- Table 4: Nokia FY 2024 Financial Targets by Business Group
- Table 5: Nokia FY 2026 Financial Targets
- Table 6: Nokia FY 2026 Financial Targets by Business Group
EXHIBITS
- Exhibit 1: Nokia Segment Sales (EUR Millions), Q1 2023 - Q2 2024
- Exhibit 2: Nokia Sales by Region, Q2 2024 vs. 2023, EUR Millions
- Exhibit 3: Nokia Sales by Region, Q2 2024 (% of Total)
- Exhibit 4: Nokia Mobile Networks Sales by Region, Q2 2024 vs. 2023, EUR Millions
