Nokia Oyj (NOK) Q2 2023 Earnings Call Transcript

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Q2: 2023-07-20 Earnings Summary

EPS of $0.08 misses by $0.01
 | Revenue of $6.36B (6.02% Y/Y) misses by $49.66M

Nokia Oyj (NYSE:NOK) Q2 2023 Earnings Conference Call July 20, 2023 4:30 AM ET

Company Participants

David Mulholland - Head of Investor Relations
Pekka Lundmark - President & Chief Executive Officer
Marco Wiren - Chief Financial Officer

Conference Call Participants

Aleksander Peterc - Societe Generale
Francois Bouvignies - UBS
Sébastien Sztabowicz - Kepler Cheuvreux
Artem Beletski - SEB
Daniel Djurberg - Handelsbanken
Simon Leopold - Raymond James & Associates
Joseph Zhou - Redburn
Richard Kramer - Arete Research Services
Sami Sarkamies - Danske Bank

David Mulholland

Good morning, ladies and gentlemen and welcome to Nokia's Second Quarter 2023 Results Call. I'm David Mulholland, Head of Investor Relations. And today with me is Pekka Lundmark, our President and CEO; along with Marco Wiren, our CFO.

Before we get started, a quick disclaimer. During this call, we will be making forward-looking statements regarding our future business and financial performance and these statements are predictions that involve risks and uncertainties. Actual results may, therefore, differ materially from the results we currently expect. Factors that could cause such differences can be both external as well as internal operating factors. We have identified such risks in the Risk Factors section of our annual report on Form 20-F which is available on our Investor Relations website. Within today's presentation, references to growth rates will mostly be on a constant currency basis. And on margins, we'll be referring to our comparable reporting. Please note that our Q2 report and the presentation that accompanies this call are published on our website. The report includes both reported and comparable financial results and a reconciliation between the two.

In terms of the agenda for today's call, Pekka will give a quick overview on our financial and strategic progress in the quarter. Marco will then go into a bit more detail of some

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