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Nokia Oyj: Nokia Corporation Financial Report for Q1 2021

Nokia Oyj: Nokia Corporation Financial Report for Q1 2021 Nokia Corporation Sales growth in Q1 driving margin increase and strong cash generation Strong start to the year with constant currency net sales up 9% year-on-year, driven by strong growth in Network Infrastructure and solid growth in Mobile Networks; reported net sales increased 3% Enterprise constant currency net sales up 18% year-on-year, as we gained 63 new customers, more than doubling the number we added in Q1 2020; reported net sales increased 14% Comparable gross margin of 38.2% (reported 37.9%), reflecting improvements in Mobile Networks, mainly driven by 5G growth and favorable product and regional mix, and broad improvements across Network Infrastructure

Nokia Corporation Nokia Corporation Financial -2-

Provided by Dow Jones Apr 29, 2021 5:15 AM UTC our business groups. Therefore, we expect the net negative impact of Group Common and Other to decrease, relative to previous levels, to approximately EUR 200 million in 2021 and 2023; In full year 2021, Nokia expects the free cash flow performance of Nokia Technologies to be approximately EUR 600 million lower than its operating profit, primarily due to prepayments we received from certain licensees; Comparable financial income and expenses are expected to be an expense of approximately EUR 250 million in full year 2021 and over the longer-term; Comparable income tax expenses are expected to be approximately EUR 450

Nokia and Claro Chile deploy private wireless network for Minera Gold Fields

Nokia and Claro Chile deploy private wireless network for Minera Gold Fields
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