Brief: Nokia Reports Q3 Adjusted EBIT Margin Of 11.7%
BRIEF-Nokia Reports Q3 Adjusted EBIT Margin Of 11.7% Oct 22 (Reuters) - Nokia Oyj NOKIA.HE:
Q3 ADJUSTED EBIT MARGIN 11.7%
FULL YEAR FINANCIAL OUTLOOK IS UNCHANGED
EXPECT OUR COMBINED OPTICAL AND IP NETWORKS BUSINESSES TO GROW BETWEEN 25% AND 30% IN 2027
IN AI & CLOUD, NET SALES MORE THAN DOUBLED YEAR-OVER-YEAR AND WE SECURED EUR 1.5 BILLION IN NEW ORDERS
WE EXPECT OUR COMBINED OPTICAL AND IP NETWORKS BUSINESSES TO GROW BETWEEN 25% AND 30% IN 2027
ON TRACK TO COMPLETE INFINERA INTEGRATION BY END OF 2026, ONE YEAR AHEAD OF PLAN WITH EUR 200 MILLION OF NET SYNERGIES
MOBILE INFRASTRUCTURE NET SALES GREW 5% Y-O-Y, IN PART DUE TO ACCELERATION OF REVENUE FROM Q4 INTO Q3
ON TRACK TO COMPLETE THE INFINERA INTEGRATION BY THE END OF 2026, ONE YEAR AHEAD OF PLAN WITH EUR 200 MILLION OF NET SYNERGIES
Source text: ID:nGNE84Jsdv
Further company coverage: NOKIA.HE
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