Nokia posts forecast-beating profit of $1.02 billion, expects ‘another year of growth’

[] 3 days ago by Dominic Chopping

Dow Jones Newswires

Last Updated: Jan. 26, 2023 at 2:09 a.m. ET First Published: Jan. 26, 2023 at 1:56 a.m. ET

A picture taken in June 2004 shows the Nokia logo on the door of the empty premises in Helsinki.

AFP via Getty Images

Nokia Corp. on Thursday posted a forecast-beating fourth-quarter net profit as demand for mobile networks and network infrastructure remained strong while demand trends remain solid looking into 2023.

The Finnish telecommunications company FI:NOKIA NOK said its mobile networks unit delivered 3% growth in the quarter on a constant-currency basis, while the operating margin declined on year as expected due to changes in regional mix.