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Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia reported a robust final quarter for 2024, with a 9% increase in revenue driven by a recovery in demand and improved profitability across all business groups. The company’s comparable operating profit margin rose to 19.1% in the last quarter, supported by strong performance in the Technology business group and strategic agreements with major companies like HP and Samsung. Nokia’s financial stability was reinforced by a free cash flow of 2.0 billion euros and a net cash position of 4.9 billion euros, despite returning 1.4 billion euros to shareholders. The board proposed a dividend increase and continued share buybacks to counteract dilution effects from acquisitions. Looking ahead, Nokia anticipates continued growth in network infrastructure and cloud services, with significant investments in data center IP networks expected to yield strong returns despite short-term impacts on profit margins.
More about Nokia
Nokia is a prominent player in the telecommunications industry, specializing in network infrastructure, technology solutions, and cloud and network services. The company is known for its strong presence in IP networks, fixed networks, and optical networks, with a focus on expanding its data center market reach.
YTD Price Performance: 0.99%
Average Trading Volume: 2,525,052
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.3B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
