“As expected, the ongoing market weakness drove a 19% year-on-year constant currency decline in net sales in the first quarter. Driven by the patent licensing deals signed in Nokia Technologies, we achieved a comparable operating margin of 12.8% in Q1, compared to 8.2% the year before. We also generated almost EUR 1 billion in free cash flow in the quarter, which is a very strong performance.” Pekka Lundmark, President and CEO

Read the full Q1 financial report here: https://www.nokia.com/financials

Source: Nokia YouTube
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