Financial PerformanceDespite weak sales, gross margin exceeded expectations across all operating businesses, mitigating the impact on gross profit.
Market PositionTelecom equipment companies like Nokia are relatively interesting to investors compared to semi companies, given the higher risks to semis company earnings.
Strategic InvestmentsNokia announced a €100mn investment into IP Network, leading to an expected €1bn incremental sales by 2028, improving their position in datacenter markets.