Nokia delivered a strong enhancement in Q2, with better- than- anticipated profitability, significant enhancement in cash generation, clear suggestions of a return to strength in mobile radio, and a time- on- time increase in earnings- per- share, despite the challenges of COVID- 19.
These results show that our prosecution has bettered as planned and that we're well deposited to end the time with a significantly stronger fiscal position.
As a result, we're conforming overhead both the midpoint of our full- time 2020non-IFRS EPS and operating periphery guidance within our preliminarily bared outlook ranges.
Indeed, profitability of the global mobile brand gains in the quarter were supported by a 4.5 percentage point year-on-year development in Networks gross margin, building on a 3.5 percentage point earn in the first quarter, and driving Nokia non-IFRS gross margin to 39.6%.
Read: American Finance Trust Announces Second Quarter 2020 Results.
The Nokia Enterprise, the big mobile device brand, also grew year-on-year constant currency sales by 18% compared to one year past and expanded margins in finance.
See full report here:
Nokia Corporation's Financial Report for Q2 and Half Year 2020