Nokia’s Q1 profit drops 17% thanks to Russia and supply chain issues

Finnish kit vendor Nokia’s profits for the first quarter of 2022 clocked in at €219 million, down from €263 million YoY thanks mainly to Russia, but the firm says it is still on track to hit its yearly targets.
There were some mildly positive data points in Nokia’s Q1 financials, but the standout figure was the 17% drop in profit, clocking in at €219 million down from €263 YoY. Ongoing supply chain issues were cited as one pain point for Nokia, but the report stre