Nokia: stock recharged on strong Q4 results
(CercleFinance.com) - Nokia unveiled strong Q4 results on Thursday and said it expects another year of growth this year.
The network equipment manufacturer this morning reported a 16% increase in revenues to 7.45 billion euros over Q4 2022: at constant exchange rates, growth was 11% .
Comparable net profit over the period increased by 29% to 929 million euros, while its operating margin increased to 15.5%, against 14.2% a year earlier.
The group said that it has kept its promise of accelerating its performance, as set at the start of 2022.
For 2023, Nokia is continuing to benefit from demand that remains "robust", although it acknowledges that the economic environment has become more uncertain.
The company said that it targets growth of 2% to 8% this year at constant exchange rates, for an operating margin expected between 11.5% and 14%.
Following these announcements, the Nokia shares, which are listed on the Paris Stock Exchange, climbed 4.3% Thursday morning in early trading, steaming ahead of the CAC 40, which was up only 0.4% in comparison.
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