Nokian Lundmark on the group's activities: It is in everyone's interest to hope that they will gradually start to influence | economy

Nokia CEO Pekka Lundmark believes the government's measures will accelerate economic growth. He sees Finland's NATO membership as opening up new markets for Nokia.

Lack of economic growth threatens Finland's competitiveness and the maintenance of a welfare society, says Nokia CEO Bekka Lundmark. Photo: Henrietta Hassinen / Yell

For network equipment manufacturer Nokia, the first quarter of 2024 was, as expected, in challenging market conditions.

Comparable turnover was down 20 percent from a year ago and was around 4.7 billion euros. Comparable operating profit was even higher with the return on payments related to the second season.

However, on the order accumulation side, there were encouraging signs that the direction is still looking good.

– The growth in network infrastructure orders that started at the end of last year continued this quarter over the previous year and further strengthened our order base, writes the CEO. Becca Lundmark In the interim report.

– The outlook for the fixed networks business in 2024 has improved, which is an important signal for us, as demand for fixed networks is usually the first to recover, Lundmark continues.

Demand for mobile phone networks in North America and India was even weaker.

In Finland, although Nokia's impact on the national economy is not at its peak in the early 2000s, the CEO sees positive things in the policies of the country's government.

– If Finland's operating environment deteriorates, the state economy cannot be balanced and economic growth cannot begin, then the competitiveness of the entire operating environment will be weakened. It could also have bad consequences for Nokia's operations in Finland, Lundmark said in a media call in response to Yle's reporter's question.

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He felt it was in everyone's interest to hope that gradually they would begin to have an impact.

This is what Nokia CEO Bekka Lundmark thinks about Finland's economic policy

According to him, Finland's membership in NATO, the one-year-old defense alliance, is also important for Nokia.

– Even if we are not a political actor, these networks, what we do, their importance for the security of states, countries and companies is constantly growing.

He also felt that NATO membership opens doors for Nokia that were previously closed.

In Finland, Nokia has a total of 6,500 employees in Espoo, Tampere and Oulu.

How does Finland's NATO membership affect network giant Nokia? Nokia CEO Becca Lundmark answers.

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