Despite Revenue Dip, Nokia's Q1 Net Profit and Technology Patents Fuel Growth
Despite Revenue Dip, Nokia's Q1 Net Profit and Technology Patents Fuel Growth
Nokia Corp (NYSE:NOK) reported a fiscal first-quarter 2024 net sales decline of 20% year-on-year (19% in constant currency) to €4.67 billion ($5.07 billion), missing the consensus of $5.10 billion. Comparable EPS was $0.10 (€0.09) versus the consensus of $0.06.
諾基亞公司（紐約證券交易所代碼：NOK）報告稱，2024財年第一季度淨銷售額同比下降20％（按固定貨幣計算爲19％），至46.7億歐元（合50.7億美元），未達到51.0億美元的共識。可比每股收益爲0.10美元（0.09歐元），而市場普遍預期爲0.06美元。
The reported net profit is €438 million, up from €289 million a year ago. Comparable net profit was €501 million, up from €342 million a year earlier.
報告的淨利潤爲4.38億歐元，高於去年同期的2.89億歐元。可比淨利潤爲5.01億歐元，高於去年同期的3.42億歐元。
Network Infrastructure sales declined by 26% year over year in CC due to the weak demand environment. Cloud and Network Services sales decreased by 13% year over year in CC. Nokia Tech sales climbed by 216% year over year, driven mainly by signing patent license agreements with OPPO, Vivo, and other licensees.
由於需求環境疲軟，CC的網絡基礎設施銷售額同比下降了26％。CC的雲和網絡服務銷售額同比下降了13％。諾基亞科技的銷售額同比增長了216％，這主要是由於與OPPO、Vivo和其他被許可方簽署了專利許可協議。
Mobile Network sales declined by 37% year over year in CC due to some moderation in the pace of 5G deployment in India. Net sales slowed primarily due to North America, where demand remained weak.
由於印度5G部署步伐有所放緩，CC的移動網絡銷售額同比下降了37％。淨銷售放緩的主要原因是北美需求仍然疲軟。
Margins: Gross margin climbed by 1,040 bps to 47.9%, and comparable gross margin improved by 1,090 bps to 48.6%. The margins reflected the benefits of the catch-up net sales in Nokia Technologies and strong improvements in Mobile Networks gross margin, in part due to a more favorable regional and product mix.
利潤率：毛利率上升了1,040個點子至47.9％，可比毛利率提高了1,090個點子至48.6％。利潤率反映了諾基亞科技追趕淨銷售額和移動網絡毛利率強勁提高所帶來的好處，部分原因是區域和產品組合更加有利。
The operating margin increased by 130 bps to 8.6%, and the comparable operating margin grew by 460 bps to 12.8% as licensing catch-up net sales more than made up for low net sales coverage of operating expenses impacting other business groups.
營業利潤率增長了130個點子至8.6％，可比營業利潤率增長了460個點子至12.8％，這是因爲許可補上淨銷售額足以彌補影響其他業務群體的運營費用淨銷售覆蓋率低。
Nokia held €5.1 billion in cash and equivalents and generated €955 million in free cash flow.
諾基亞持有51億歐元的現金及等價物，創造了9.55億歐元的自由現金流。
Dividend and Buyback: The Board resolved to distribute a dividend of €0.04 per share.
股息和回購：董事會決定分配每股0.04歐元的股息。
FY24 Outlook: Nokia reaffirmed 2% – 8% growth for Network Infrastructure sales, (15)% – (10)% change in Mobile Networks sales, and (2)% – 3% change in Cloud and Network Services sales.
24財年展望：諾基亞重申網絡基礎設施銷售增長2％至8％，移動網絡銷售額增長（15）％-（10）％，雲和網絡服務銷售增長（2）％至3％。
Nokia reiterated comparable operating profit of between €2.3 billion – €2.9 billion and free cash flow conversion from a comparable operating profit of 30% – 60%.
諾基亞重申，可比營業利潤在23億歐元至29億歐元之間，可比營業利潤從30％至60％的自由現金流轉換。
The fiscal 2024 revenue and adjusted EPS consensus are $23.56 billion and $0.36.
2024財年的收入和調整後的每股收益共識爲235.6億美元和0.36美元。
Nokia stock plunged 29% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Defiance Quantum ETF (NYSE:QTUM).
諾基亞股價在過去12個月中暴跌了29％。投資者可以通過iShares美國數字基礎設施和房地產ETF（紐約證券交易所代碼：IDGT）和Defiance Quantum ETF（紐約證券交易所代碼：QTUM）獲得股票敞口。
Price Action: NOK shares traded higher by 0.90% at $3.36 premarket Thursday.
價格走勢：挪威克朗股價週四盤前上漲0.90％，至3.36美元。
Image: Nokia
圖片：諾基亞
譯文內容由第三人軟體翻譯。