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Tag: nokia
Nokia raises margin target for networks business
2014-11-14 08:53:00| Telecompaper Headlines
(Telecompaper) Nokia has raised its target for profitability at its core business and said it aims to resume paying regular dividends. At its Capital Markets Day event, Nokia said it now targets an adjusted operating margin at Nokia Networks of 8-11 percent, compared to a previous goal of 5-10 percent. It already reached a margin of 11.5 percent over the first nine months of this year and targets a figure of around 11 percent for 2014. Nokia Networks' strategy is to build on its current momentum while transforming to serve the operator of the future, the company said. The target is to grow slightly faster than the market over the long term. For 2015, the company expects growth in Nokia Networks' net sales and an adjusted operating margin in the new target range. The navigation division Here is also expected to grow sales and reach an adjusted operating margin of 5-10 percent. The strategy for Here is to "win in automotive, grow in the enterprise segment and leverage the unique assets", Nokia said, while also improving profitability through increased efficiency. The licensing division Nokia Technologies will grow revenues next year as well, excluding any amounts related to the expected resolution of arbitration with Samsung. Nokia Technologies' operating expenses also will increase "meaningfully", due to higher investments in licensing activities and development, Nokia said. For shareholders, Nokia said "recommencing an ordinary dividend is one of our main priorities", and the company will also continue to repurchase shares.
Tags: business
target
networks
nokia
Nokia raises margin target, warns of new competition in networks
2014-11-14 01:00:00| Total Telecom industry news
Finnish vendor says its Networks business will grow faster than the 'flattish' market; announces return of its brand to consumer space.
Tags: target
networks
competition
nokia
A Converging Nokia Is Good For Investment
2014-11-03 11:35:33| Telecom - Topix.net
Nokia Corporation is a famous name in the fields of network infrastructure, location-based technologies and advanced technologies. Nokia's growth story doesn't seem to be slowing down as, few days back, the company has announced its third quarter 2014 earnings results and Nokia has beat analysts' predictions of EUR 3.02 billion, and surprised with net sales of EUR 3.32 billion.
Tags: good
investment
nokia
converging
Nokia Turnaround Since Handset Unit Sale Continues
2014-10-27 21:40:56| Wireless - Topix.net
Nokia is showing signs that it has turned around its fortunes following the sale of its ailing cellphone unit to Microsoft. The slimmed-down Finnish company said Thursday that it made a third-quarter net profit of 747 million euros of the year, compared with a 91 million-euro loss in the same period last year.
Tags: sale
unit
continues
nokia
Nokia Hints Entering The Mobile PhoneBusiness In 2016 With Android Smartphones
2014-10-27 04:52:04| Telecom - Topix.net
Last Thursday, Nokia had held a press conference to report its strong third quarter performance. During the meeting, Timo Ihamuotila who is the CFO of the company expressed that the Nokia brand name is immsensely popular in the mobile phone world and he added that at the moment they are unable to use the brand name.
Tags: mobile
nokia
entering
hints
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