Nokia Cuts Operating Margin Guidance Amid Challenging Market
12 Décembre 2023 - 7:53AM
Dow Jones News
By Dominic Chopping
Nokia cut its operating margin guidance as market conditions in
its mobile networks business remain challenging, with operator
spending falling and a normalization in India after a period of
rapid 5G deployment.
The Finnish telecom equipment maker said Tuesday that it now
targets a comparable operating margin target of at least 13% by
2026, from at least 14% previously.
"Nokia still sees a path to achieving the at least 14%
comparable operating margin target but considering the current
market conditions in mobile networks, this is deemed a prudent
change," the company said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 12, 2023 01:38 ET (06:38 GMT)
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