财务数据和关键指标变化 - 公司Q2总收入同比下降18%,其中三分之二的下降来自印度市场 [9][10] - 毛利率同比提升450个基点,主要得益于移动网络业务的改善,部分原因是与AT&T合同解决相关的1.5亿欧元加速收入确认 [19] - 经营利润率同比下降190个基点至9.5%,也受益于加速收入确认,但收入下降对利润产生负面影响 [20] 各条业务线数据和关键指标变化 网络基础设施 - 收入同比下降11%,各三大业务线均有下降,但环比Q1有所改善 [21] - 收入下降也影响了利润率,加上间接销售成本有所上升 [21] - 订单趋势持续改善支持公司预期下半年收入将大幅改善 [21] - 公司调整了2024年网络基础设施业务收入增长预期,从此前的2%-8%下调至-2%至+3% [22] - 利润率预期为11.5%-14.5%,主要由于市场复苏速度放缓 [23] 移动网络 - 收入下降主要源于印度市场,反映去年同期印度5G部署达到高峰 [24] - 但各地区环比Q1均有所增长 [24] - 公司与AT&T就现有RAN合同达成解决,确保维持原合同价值,这带来1.5亿欧元加速收入确认 [25] - 预计2024年AT&T移动网络收入将基本稳定,2025年将下降约一半 [26] - 公司调整了2024年移动网络收入预期,从此前的10%-15%下调至14%-19%,但利润率预期从1%-4%提升至4%-7% [27] 云网络服务 - 收入同比下降16%,受到市场环境挑战的持续影响 [28] - 此外设备管理和服务管理平台业务出售也带来3个百分点的负面影响 [28] - 毛利和经营利润也受到收入下降的影响 [28] - 公司调整了云网络服务2024年收入预期,从此前的-2%至+3%下调至-5%至0%,但维持6%-9%的利润率预期 [29] 诺基亚技术 - 第二季度表现稳健,年化运营收入保持在13亿欧元 [30] - 第二季度签署了与视频流媒体平台相关的多媒体技术协议,这是公司在这一领域的早期步骤 [30] 各个市场数据和关键指标变化 - 印度市场收入同比下降69%,是Q2收入下降的主要原因 [31] - 北美市场收入实现增长,得益于AT&T合同解决的一次性影响 [32] - 其他地区普遍疲软 [32] 公司战略和发展方向及行业竞争 - 公司宣布收购Infinera,交易有强大的战略和财务逻辑 [35][36][37][38][39] - 交易将增强公司网络基础设施业务,提高企业客户和网络规模客户的占比 [38] - 公司还宣布出售海底网络业务,未来网络基础设施业务将聚焦于三大支柱:固定网络、IP网络和光网络 [41][42][43][44][45] - 移动网络业务方面,公司自2019年以来共赢得55个新RAN客户,并增加了33个现有客户的份额,市场份额大幅提升 [46][47][48][49] - 公司在开放式RAN和云RAN项目上取得进展,是市场上最开放的供应商 [50][51] - 云网络服务业务的"网络即代码"平台取得进展,与多家合作伙伴签署协议,并推出网络开放平台 [53][54][55] 管理层对经营环境和未来前景的评论 - 公司认为行业正在稳定,订单趋势改善支持下半年收入将大幅增长 [60][62] - 但收入复苏速度比预期慢,导致公司调整了2024年各业务线收入预期 [60][61] - 公司快速采取成本节减措施,有助于实现今年的业绩目标 [57][58][59] - 公司预计将实现2.3-2.9亿欧元的可比经营利润,现金流转换率将达到30%-60%的较高端 [61] 其他重要信息 - 公司加快之前宣布的股票回购计划,将在2024年底完成600百万欧元的回购 [63][107][108] - 公司正在优化组织架构,计划将员工人数从86,000人减少至72,000-77,000人 [57][58][134][135][147][148] 问答环节重要的提问和回答 问题1 **Francois-Xavier Bouvignies 提问** 网络基础设施业务在Q3和全年的利润率预期 [68][69][70][71] **Marco Wirén 回答** Q3利润率受移动网络业务利润率下降和缺乏AT&T合同解决的一次性利益影响,但网络基础设施业务有显著改善 Q4将大幅提升,主要得益于销售规模带来的杠杆效应 [69][70] 问题2 **Sandeep Deshpande 提问** 公司预期下半年收入大幅改善的原因 [72][73][74][75] **Pekka Lundmark 回答** 去年下半年季节性较弱,而今年预期将恢复正常季节性 过去三个季度订单持续改善,支撑了公司对下半年收入大幅增长的预期 [73][74][75] 问题3 **Janardan Menon 提问** 云网络服务业务下半年收入预期大幅增长的原因,以及毛利率是否会相应改善 [81][82][83][84][85] **Pekka Lundmark 回答** 云网络服务业务今年的季节性与往年类似,第四季度仍将是全年的主要贡献期 核心网业务在欧洲市场有较好的进展,这是支撑下半年收入增长的一个因素 [83][84] 随着软件和云服务占比提升,以及在特定计算领域的技术优势,公司有望逐步

Nokia CorporationHalf Year Report18 July 2024 at 08:00 EEST Nokia Corporation Report for Q2 and Half Year 2024 Full year outlook reiterated in challenging environment Q2 net sales declined 18% y-o-y in constant currency (-18% reported) primarily due to strong year-ago quarter in India.Submarine Networks treated as discontinued operation.Positively, order intake trends continued to improve, particularly in Network Infrastructure.Comparable gross margin in Q2 increased by 450bps y-o-y to 44.7% (reported incr ...

文章核心观点 - 西班牙电信运营商Aire Networks选择诺基亚移动核心解决方案来提升客户体验 [1][2][3] - 该交易包括诺基亚语音核心、分组核心、用户数据管理、策略控制和信令等解决方案,将提升运营商的网络容量 [4] - 诺基亚的解决方案将支持Aire Networks网络向新服务和商业模式的演进,实现更快的价值和收益 [4] - 作为协议的一部分,Aire Networks将使用诺基亚的MantaRay NM解决方案实现网络监控和管理的自动化和集中化 [5] 根据相关目录分别进行总结 公司概况 - 诺基亚是一家B2B技术创新领导者,致力于开发感知、思考和行动的网络 [9][10] - 诺基亚为全球服务提供商、企业和合作伙伴提供安全、可靠和可持续的网络解决方案 [11] 行业动态 - 西班牙电信运营商Aire Networks选择诺基亚移动核心解决方案来提升客户体验 [1][2][3] - 该交易将帮助Aire Networks提升网络覆盖、数据速度和可靠性,从而增强其服务能力 [6] - 诺基亚的解决方案将支持Aire Networks网络向新服务和商业模式的演进 [4]

Nokia Corporation (NOK) has announced a strategic partnership with Telecom Egypt to introduce 5G technology in the Middle-East country for the first time. This collaboration aims to significantly enhance the country's telecommunications infrastructure and accelerate its digital transformation journey.Under this agreement, Nokia will deploy radio access network (RAN) equipment from its state-of-the-art 5G AirScale portfolio, comprising baseband units and its latest generation of Massive MIMO radios. This por ...

Press ReleaseNokia and Telecom Egypt bring 5G to Egypt for the first time Companies sign deal to upgrade Telecom Egypt’s radio access network and introduce 5G-ready services in the cities of Alexandria, Aswan, Cairo, Giza, and Luxor.Nokia to provide equipment from its extensive AirScale portfolio including Massive MIMO radios, baseband, remote radio heads, and services.5G is set to revolutionize country with enhanced capacity and connectivity. 15 July 2024Cairo, Egypt – Nokia today announced a new partners ...

Michael Vi In the three months since posting first-quarter results, Nokia (NYSE:NOK) gained 16.67%. This return is almost double that of the S&P 500 (IVV), which gained 8.15%. When the communications equipment supplier reports Q2 results this Thursday, July 18, 2024, what should shareholders expect? Investors have five things to consider. 1. Nokia Q1 2024 Results In the last quarter, Nokia posted non-GAAP earnings per share of EUR 0.09 (USD 0.10). Revenue fell by 20.3% Y/Y to EUR 4.67 billion (USD 5.1 b ...

Nokia Corporation (NOK) recently partnered with Norlys to enhance telecommunication infrastructure in Denmark. This collaborative effort is aimed at strengthening Norlys' mobile core network, boosting security measures and optimizing managed services to elevate user experiences across Norlys' extensive network infrastructure.Nokia will deploy its state-of-the-art Cloud Packet Core, IP Multimedia Subsystem Voice Core and Subscriber Data Management technologies to this Denmark-based telecom service provider. ...

Press Release Nokia to publish second-quarter and half-year financial report on 18 July 2024 11 July 2024Espoo, Finland – Nokia will publish its second-quarter and half-year financial report on 18 July 2024 at approximately 8 a.m. Finnish time (EEST). The report will be made available on the Nokia website immediately after publication. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. ...

Press release Nokia to deliver full core network, security, and managed services to Norlys of Denmark with Red Hat OpenShift Deployment of Nokia's full 4G/5G packet core, IMS, and SDM solutions will enhance voice and data service quality and reliability for Norlys (Telia Denmark) subscribers. Nokia will secure the network infrastructure with its NetGuard security product portfolio to protect core network endpoints, privileged user access, and digital network identities.Nokia will also deliver a holistic ser ...

Nokia Corporation (NOK) recently collaborated with Google Fiber (“GFiber”), a subsidiary of Alphabet Inc. (GOOGL) , to unleash next-generation broadband connectivity. The two companies have successfully conducted a live network demonstration of 50Gb/s broadband speed over GFiber's existing fiber network, achieving a groundbreaking 50G PON (Passive Optical Network) milestone in the United States.Based in Mountain View, CA, Alphabet is a leading tech company, evolving from a search-engine provider to cloud co ...