Nokia Corporation (NOK) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.963 Good morning, ladies and gentlemen. Welcome to Nokia's first quarter 2026 results call. 00:00:04.963 -- 00:00:07.910 I'm David Mulholland, head of Nokia Investor Relations. 00:00:07.910 -- 00:00:13.403 Today with me is Justin Hotard, our president and CEO, along with Marco Veran, our CFO. 00:00:13.403 -- 00:00:15.742 Before we get started, a quick disclaimer. 00:00:15.742 -- 00:00:19.510 During this call, we will be making forward-looking statements regarding our future business 00:00:19.510 -- 00:00:23.639 and financial performance, and these statements are predictions that involve risks and 00:00:23.639 -- 00:00:27.988 uncertainties. Actual results may therefore differ materially from the results we currently 00:00:27.988 -- 00:00:32.357 expect. Factors that could cause such differences can be both external as well as internal 00:00:32.357 -- 00:00:36.674 operating factors. We have identified such risks in the risk factor section of our annual 00:00:36.674 -- 00:00:40.989 report on Form 20F, which is available on our Investor Relations website. 00:00:40.989 -- 00:00:44.602 Within today's presentation, references to growth rates will mostly be on a constant 00:00:44.602 -- 00:00:49.582 currency and portfolio basis, and other financial items will be relating to our comparable 00:00:49.582 -- 00:00:54.369 reporting. Please note that our Q1 report and a presentation that accompanies this call 00:00:54.369 -- 00:00:58.635 are published on our website. The report includes both reported and comparable financial 00:00:58.635 -- 00:01:01.599 results and reconciliation between the two. 00:01:01.599 -- 00:01:05.805 In terms of the agenda for today, Justin will go through our key messages for the quarter. 00:01:05.805 -- 00:01:09.310 Marco w...