Nokia Oyj at Goldman Sachs Communacopia + Technology Conference Transcript

Feb 11, 2024

Sep 05, 2023 / 05:50PM GMT
Alexander Duval - Goldman Sachs Group, Inc., Research Division - Head of Europe Tech Hardware, Semiconductors & Video Games Research

Hi, everyone. I'm Alex Duval, I head up the Europe tech hardware team for Research, Goldman in London. I'm delighted to be here with Pekka Lundmark, CEO of Nokia. Thank you also all for joining, and look forward at the end of this Q&A to be doing some audience questions as well.

Just like to state the conversation is not intended for the media and is off the record. So once again, Pekka, thank you so much for joining.

Questions and Answers:

Alexander Duval - Goldman Sachs Group, Inc., Research Division - Head of Europe Tech Hardware, Semiconductors & Video Games Research

Maybe we can just kick off with some high-level questions. Firstly, we could talk about the 2023 outlook for the wireless market. I think you pointed recently to the broader industry trend of inventory digestion and lower CapEx at some players in North America. So what's your latest view on scope for recovery in the second half of this

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