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After a difficult few quarters, Nokia returned to sales growth in Q4 after its fixed-line and data centre networking divisions put in particularly solid performances.
"We saw a strong finish to 2024 with 9% net sales growth year-on-year in Q4," said Nokia chief executive Pekka Lundmark. "I am optimistic that the improving market trends we are now seeing will persist into 2025."
Nokia's revenue for the three months to 31 December came in at €5.98 billion, up from €5.42 billion a year earlier, with Europe, North America and APAC all returning to growth.
It's a certainly a big improvement on Q4 2023, when net sales plummet by 23% due to subdued operator spending. It's also a better showing than Q3, when sales were down 7%.
