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Nokia Tops Estimates as Demand for Networks ‘Remains High’

  • Exited from Russian market, kept earnings guidance intact
  • CEO Pekka Lundmark says confident to deliver 2022 Outlook
Updated on

Nokia Oyj reported better-than-expected earnings, fueled by strong demand for 5G gear from phone carriers and gains from its restructuring strategy.

The company kept its earnings guidance intact, however pointing to “a strong order back log” and that it could have grown faster without the supply chain constraints.