Speaking to the analyst after the revenue calls Q2, Nokia CEO said we must remember that there are countries and regions that are not even truly starting in 5G.
“Obviously, India is one of the most important here. Latin America, the same thing. This only starts. So that’s why we believe that we are still at the beginning of the 5G cycle,” he told the analysts on Thursday night.5G site penetration is only 15 percent outside of China in the world.
North America is clearly in front of several other markets, and I refer to India, which has not even begun. Then there is the company’s side, the digitization side of the company, which has just increased,” Lundmark said.
In the 5G growth, he said that this did not mean that we would be immune to the macroeconomic cycle.Of course, they do play a role, but what we can comment on is what we see today,” added the CEO of Nokia.
Even though our business is not immune to macro trends, we continue to see strong investment trends in connectivity, especially into the distribution of 5G and fiber,” he said.
In Q2, Nokia’s net sales grew 3 percent in constant currencies, regardless of the challenges of sustainable supply chains. Dirty margin is 40.6 percent and 12.2 percent operation margin, reflecting good progress in cellular networks and network infrastructure, “Lundmark gave information.
In cloud and Nokia network services, net sales are stable in the quarter.For the first half of this year, we see 3 percent growth and good progress in dirty margins and operation margins. Obviously, the second quarter is slightly weaker, but the first quarter is strong, the company said.
