Nokia Corp. stressed that it expects the operating margin of 2021 to exceed the estimates, having the support of extraordinary in the fourth quarter.
The Finnish telecommunications equipment group said it expects a comparable operating margin for the full year of 12.4% -12.6%, higher than previous estimates of 10% -12%, having benefited 150 basis points from an emergency.
Nokia said underlying operations in the fourth quarter performed as well as expected, with sales estimates for the full year at 22.2 billion euros, up from a previous estimate of 21.7-22. 7 billion Euros.
The company added that it is introducing new estimates for the comparable operating margin for the year 2022, at 11% -13.5%.
“These new estimates take into account the expected continuous improvements in underlying activities, supply constraints and inflation costs, with annual progress also being affected by the significant emergencies observed in 2021,” he said.
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Source From: Capital
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