Nokia Reports Q3 Profit Increase Despite 8% Sales Decline

The decline in sales is attributed mainly to a weaker market in India, although cost-cutting measures have improved profitability.

Nokia's net profit for Q3 rose by 22% to 358 million euros, surpassing expectations.
Sales fell by 8% to 4.3 billion euros, with a significant impact from a weaker Indian market.
CEO Pekka Lundmark expressed optimism about the company's recovery despite ongoing market challenges.
Comparable earnings before interest and tax reached 454 million euros, beating analyst forecasts.
Nokia remains a key supplier in the global 5G equipment market, alongside competitors like Ericsson and Huawei.