Nokia Boosts Sales as Turnaround Gains Steam

Nokia has benefited from the U.S. government’s four-year-old campaign to get allied countries to ban China’s Huawei. Photo: AFP/Getty Images

Nokia said it was on track to hit the higher end of its 2022 sales forecast, as sales of its telecommunications equipment rose in North America and its efforts to rebound from the missteps of recent years show signs of success.

The Finnish maker of 5G cellular antennas and other telecom infrastructure Thursday reported an 11% increase in second-quarter sales to 5.9 billion euros, or about $6 billion, compared with a year earlier. Profit rose 31% to €460 million.

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