Nokia 2024 Outlook Remains Unchanged
Oct 17 (Reuters) -Nokia Oyj NOKIA.HE:
ORDER INTAKE REMAINED STRONG IN NETWORK INFRASTRUCTURE, WHILE SALES RECOVERY CONTINUES TO BE SLOWER THAN EXPECTED.
CONTINUED TO MAKE SIGNIFICANT PROGRESS WITH COST SAVINGS PROGRAM, EUR 500 MILLION RUN-RATE OF GROSS SAVINGS ACTIONED.
NOKIA'S FULL YEAR 2024 OUTLOOK IS UNCHANGED
WE EXPECT A SIGNIFICANT ACCELERATION IN GROWTH IN Q4 IN NETWORK INFRASTRUCTURE
Q3 MOBILE NETWORKS NET SALES EUR 1,747 MILLION VERSUS EUR 2,157 MILLION YEAR AGO
IN MOBILE NETWORKS, ALTHOUGH MARKET DYNAMICS ARE MORE CHALLENGING, WE HAVE SECURED SEVERAL IMPORTANT DEALS IN QUARTER
IN CLOUD AND NETWORK SERVICES WE ARE SEEING EXCELLENT MOMENTUM IN 5G CORE
WE SEE A SIGNIFICANT OPPORTUNITY TO EXPAND OUR PRESENCE IN DATA CENTER MARKET
WE SEE A COMPELLING NEW LONG-TERM OPPORTUNITY IN BRINGING 5G TECHNOLOGY TO DEFENSE MARKET
THREE QUARTERS OF DECLINE WAS DRIVEN BY INDIA DUE TO A STRONG YEAR-AGO QUARTER.
Q3 ENTERPRISE NET SALES EUR 532 MILLION VERSUS EUR 487 MILLION YEAR AGO
NET SALES RECOVERY IS HAPPENING SLOWER THAN WE EXPECTED PREVIOUSLY
Source text for Eikon: ID:nGNE78wLP7
Further company coverage: NOKIA.HE
(Gdansk Newsroom)
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