The following is the In Q1 of 2021, Nokia’s net sales reached 5.076 billion euro, turning loss into profit year on year From Nokia financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.
Before the U.S. stock market on Thursday, Nokia (NOK. US) released its first quarter results for 2021. According to the data, the company’s Q1 net sales reached 5.076 billion euros, up 3% from 4.913 billion euros in the same period of last year; The net profit was 263 million euros, compared with a loss of 115 million euros in the same period last year.
Diluted earnings per share was 0.05 euro, compared with a loss of 0.02 euro in the same period last year; Cash and financial investments held at the end of the quarter totaled 3.689 billion euros, up 179% from 1.32 billion euros in the same period last year.
The gross profit rate of the company was 37.9%, which was 35.3% in the same period of last year, with a year-on-year increase of 260 basis points; The operating profit margin was 8.5%, up from – 1.5% in the same period last year.
By business, the net sales of mobile network business was 2.262 billion euros, down 4% from 2.345 billion euros in the same period of last year; The net sales volume of network infrastructure business was 1.727 billion euro, up 22% from 1.419 billion euro in the same period of last year; The net sales volume of cloud and network services was 674 million euros, down 9% from 744 million euros in the same period of last year; The net sales of Nokia’s technology business amounted to 365 million euros, up 5% from 347 million euros in the same period of last year; Net sales of other businesses were EUR 57 million, down 16% from EUR 68 million in the same period last year.
The company expects adjusted net sales of 2021 to be 20.6-21.8 billion euros, with a comparable operating profit margin of 7% – 10%.
More reading: Nokia financial report: Nokia lost 351 million euro in Q1 of 2018 Nokia financial report: net loss of $479 million in Q4 of 2017 year on year Nokia financial report: net loss of $498 million in Q1 of 2019 year on year increase by 137% Nokia financial report: profit of 203 million euro in Q4 of 2018 year on year Nokia financial report: revenue of $6.34 billion in Q2 of 2019 year on year increase 7% Nokia financial report: in Q1 of 2020, Nokia’s revenue was $5.3 billion, a year-on-year decrease of 2% Nokia financial report: in Q2 of 2020, Nokia’s revenue was 5.092 billion, a year-on-year decrease of 11% Nokia financial report: in Q4 of 2016, Nokia’s revenue was 6.64 billion, net profit was 660 million, Nokia financial report: in 2020, Nokia’s net loss was 2.608 billion, Nokia financial report: in Q2 of 2015, Nokia’s net profit was 383 million, a year-on-year increase 9% Nokia financial report: 2016 Q2 Nokia Revenue $6.3 billion year-on-year decline 11% Nokia financial report: 2015 Q4 Nokia net profit $2.02 billion year-on-year growth of more than 300% Nokia financial report: 2016 Q2 Nokia net loss $741 million year-on-year turn loss Nokia financial report: 2014 Q4 Nokia net income 443 million euro turn loss into profit Nokia financial report: 2015 Q3 Nokia net profit $166 million 80% year on year
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