Channels Television Updated April 29, 2021 This file photo taken on February 26, 2019 shows people visiting the Nokia stand at the Mobile World Congress (MWC) in Barcelona. Josep LAGO / AFP
Finnish telecoms giant Nokia said Thursday that it returned to profit in the first quarter, boosted by stronger-than-expected demand for 5G products, but it kept its cautious outlook for 2021. The networks giant booked a net profit of 261 million euros ($310 million) between January and March after a loss of 117 million euros a year earlier. Revenues were up 3.3 percent at 5.08 billion euros, outpacing analysts’ expectations for first-quarter sales of around 4.7 billion euros. “We have delivered a robust start to the start of the year with strong net sales, operating margin and cash flow,” said chief executive Pekka Lundmark.