Strong Free Cash Flow
Generated over EUR 600 million in Q3 and EUR 2 billion year-to-date, ending the quarter with a net cash balance of EUR 5.5 billion.
Significant Gross Margin Improvement
Gross margin expanded by 490 basis points year-on-year, with all business groups contributing.
Achievements in Nokia Technologies
Net sales grew 36% in Q3, driven by smartphone licensing agreements and higher sales from Automotive and IoT.
Successful Deal Momentum
Important deals signed across all business groups, including with Vodafone Idea, NTT DOCOMO Japan, and CoreWeave.
Progress in Cost Savings
Achieved EUR 500 million in run-rate gross cost savings, with a target range of EUR 800 million to EUR 1.2 billion.
Infinera Acquisition Progress
Received antitrust and CFIUS approval in the U.S. and Infinera shareholders approved the deal, targeting closure in H1 2025.