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On July 18th local time, Nokia released its financial report for the second quarter of 2024, which showed that its adjusted operating profit reached 423 million euros, the lowest in nearly 9 years, with a net sales of approximately 35.5 billion yuan. In addition, Nokia's net sales in the second quarter were 4.47 billion euros (currently about 35.51 billion yuan), and Nokia predicts an adjusted operating profit of 2.3 billion euros to 2.9 billion euros for the whole year. The proportion of comparable operating profit converted into free cash flow is between 30% and 60%.
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