Despite the macroeconomic headwinds, Finland-based leading network solution provider Nokia Oyj (NOK) delivered a strong full-year performance. Its fiscal year 2022 net sales grew 6% year-over-year in constant currency, driven by growth across all four business groups, with particular strength in Network Infrastructure, which grew 10%.
NOK’s fourth-quarter comparable operating profit rose to €1.15 billion ($1.26 billion) from €908 million ($970.18 million) last year, beating the €924.6 million ($987.92 million) mean forecast of 10 analysts polled by Refinitiv. Net sales grew 16% to €7.45 billion ($7.96 billion), beating estimates of €7.11 billion ($7.59 billion).
