Friday, March 24, 2023

Nokia will grow significantly in 2022

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The Finnish network equipment supplier Nokia, which was previously known primarily for its mobile phones, increased its sales significantly in 2022. (icon picture)

Since sales increased by 16 percent in the fourth quarter, growth for the year as a whole was 12 percent to 24.9 billion euros, as the network supplier listed in the EuroStoxx 50 announced on Thursday in Espoo, Finland. For the current year, Nokia boss Pekka Lundmark is targeting sales of between 24.9 billion and 26.5 billion euros. In the fourth quarter, the recently weakening license division also grew strongly. Operating profit for the year as a whole grew by 12 percent on a comparable basis to 3.1 billion euros. With this, Nokia exceeded the average expectations of analysts.

At almost 4.3 billion euros, the surplus was a good two and a half times as high as in the previous year. However, this was partly due to tax and currency effects. On a comparable basis, profit rose by 18 percent to almost 2.5 billion euros. Nokia shareholders are now to receive a dividend of 12 cents per share. Here, too, analysts had expected less.

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