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The latest announcement is out from Nokia ( (GB:0HAF) ).
Nokia’s Q4 2024 financial results show strong growth and profitability, with a 9% increase in net sales year-on-year, driven by significant growth in Network Infrastructure and Nokia Technologies. The company reported a substantial improvement in operating margins and cash flow, with a net cash balance of EUR 4.9 billion at year-end. Nokia also made strategic moves to enhance its market position, including technology acquisitions and partnerships in data center IP networking. Looking forward, Nokia expects continued growth in Network Infrastructure and Cloud and Network Services, supported by strong market trends and increased investments.
More about Nokia
Nokia Corporation is a global leader in telecommunications, focusing primarily on network infrastructure, mobile networks, and cloud and network services. The company is recognized for its significant contributions to 5G technology and its efforts to expand its presence in the data center market.
YTD Price Performance: 0.99%
Average Trading Volume: 2,525,052
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.3B
Learn more about 0HAF stock on TipRanks’ Stock Analysis page.
