Nokia's third-quarter operating profit of 424 million euros lower than expected, will cut up to 14,000 jobs

According to news from this site on October 19, Nokia announced its third quarter results on October 19. Net sales in the third quarter were 4.98 billion euros, a year-on-year decrease of 20%. Estimated 5.7 billion euros; third quarter adjusted operating profit of 424 million euros, estimated 556.4 million euros; adjusted gross profit margin 39.2%, estimated 38.9%.

At the same time, Nokia announced adjustments to its operating strategy, aiming to reduce its total cost base by 800 million to 1.2 billion euros by the end of 2026 compared with 2023, which means that personnel expenses will be reduced by 10%-15%. Nokia currently has 86,000 employees, and the plan is expected to reduce Nokia's headcount to 72,000-77,000, with up to 14,000 job losses.

Noben Station noted that Kia still expects full-year net sales in 2023 to be between 23.2 billion and 24.6 billion euros, with a full-year adjusted operating profit margin of 11.5%-13%.

Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

The above is the detailed content of Nokia's third-quarter operating profit of 424 million euros lower than expected, will cut up to 14,000 jobs. For more information, please follow other related articles on the PHP Chinese website!