Shulou(Shulou.com)11/24 Report--

CTOnews.com October 19 news, Nokia October 19 announced third quarter results, third quarter net sales of 4.98 billion euros, down 20% year-on-year. Estimated € 5.7 billion; third-quarter adjusted operating profit € 424 million, estimated € 556.4 million; adjusted gross margin 39.2%, estimated 38.9%.

Nokia also announced a revised operating strategy, aiming to reduce its total cost base by € 800 million to € 1.2 billion by the end of 2026 compared to 2023, which means a 10 - 15 percent reduction in staffing costs. Nokia currently employs 86000 people, and the plan is expected to reduce Nokia's workforce to 72,000 - 77,000, cutting up to 14000 jobs.

CTOnews.com notes that Kia still expects full-year net sales of between EUR 23.2 billion and EUR 24.6 billion for 2023, with full-year adjusted operating margins of 11.5 -13%.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.