Earnings Call Summary | Nokia Oyj(NOK.US) Q1 2024 Earnings Conference
Earnings Call Summary | Nokia Oyj(NOK.US) Q1 2024 Earnings Conference
The following is a summary of the Nokia Oyj (NOK) Q1 2024 Earnings Call Transcript:
以下是諾基亞 Oyj（挪威克朗）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Nokia reported a 19% decline in net sales in Q1 2024 due to a weak spending environment, impacting profitability across all networks businesses.
Strong free cash flow generation was reported for the quarter, amounting to nearly €1 billion, resulting in a net cash balance of €5.1 billion.
Savings from ongoing cost reduction initiatives were noted, targeting between €800 million and €1.2 billion by 2026.
Uncertainty around future financial performance due to unresolved contractual negotiations with AT&T.
Guidance for mobile networks revenue growth is between -10% to -15% for the year, with efforts underway to improve working capital.
諾基亞報告稱，由於支出環境疲軟，2024年第一季度淨銷售額下降了19％，影響了所有網絡業務的盈利能力。
據報道，本季度產生了強勁的自由現金流，達到近10億歐元，淨現金餘額爲51億歐元。
注意到正在進行的成本削減舉措所帶來的節省，目標是到2026年在8億至12億歐元之間。
由於與AT＆T的合同談判尚未解決，未來財務表現的不確定性。
今年的移動網絡收入增長預期在-10％至-15％之間，正在努力改善營運資金。
Business Progress:
業務進展：
Improvement in order intake trends was reported, with a stronger second-half performance expected from their Network Infrastructure business.
Three smartphone licensing deals have been signed in Nokia Technologies, contributing to an annual net sales run rate of approximately €1.3 billion.
Key partnerships were announced with Dell for cloud infrastructure and Nvidia to accelerate Cloud RAN deployments and 6G research.
Commercial developments in O-RAN solutions have reinforced a strong focus on improving R&D productivity and competitiveness.
Programs involving relations with web-scale customers and market expansion in the United States, particularly among tier 2 and tier 3 operators, private wireless businesses, and the defense industry, are in progress.
Through cost-saving initiatives and reduction in workforce, Nokia aims to achieve a break-even point at around €8 billion by 2026 and double-digit operating margin at €10 billion.
據報道，訂單量趨勢有所改善，預計其網絡基礎設施業務下半年的業績將有所改善。
諾基亞科技已經簽署了三項智能手機許可協議，使年淨銷售額達到約13億歐元。
宣佈與戴爾在雲基礎架構方面建立重要合作伙伴關係，並與Nvidia建立關鍵合作伙伴關係，以加快雲RAN部署和6G研究。
O-RAN解決方案的商業發展加強了對提高研發生產力和競爭力的高度關注。
涉及與網絡規模客戶關係和美國市場擴張的計劃正在進行中，特別是在二級和三級運營商、私人無線企業和國防工業中。
通過節省成本和裁員，諾基亞的目標是到2026年實現盈虧平衡點約80億歐元，營業利潤率達到兩位數的100億歐元。
More details: Nokia Oyj IR
更多詳情： 諾基亞 Oyj IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。