Finnish corporation Nokia presented its quarterly report for January-March 2021 G.
The company increased its revenue year-on-year by 3,3%, to $6 billion, EBITDA - more than 2 Times, to $722 million. EBITDA margin increased by 9 p.p.. to 14%. This was achieved, among other things, by reducing administrative costs for 18%. Besides, Nokia made a net profit of $375 million compared to loss $51 million a year earlier.
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Very strong Nokia results. Market, frankly,, didn’t even come close, that everything will turn out to be so good. For instance, EBITDA turned out to be 214% higher than forecast, and net profit – on 350%.
Among the positive aspects of the reporting, we will single out the growth of revenue in the communication segment, which creates potential for growth in the deployment of 5G networks. Besides, Nokia continues to expand its presence in the North American market. So, the increase in revenues in the region in the reporting quarter amounted to 23%.
We have repeatedly written about, that we think the company is interesting, especially in light of the development of 5G. Today on the pre-market the price is very close to $5 (+18%).
We do not exclude, that this is just the beginning.
