BRIEF-Nokia Sees 2025 Comparable Oper Profit Of EUR 1.9-2.4 Bln

Jan 30 (Reuters) - Nokia Oyj NOKIA.HE:

• EXPECTS COMPARABLE OPERATING PROFIT OF BETWEEN EUR 1.9 BILLION AND 2.4 BILLION IN 2025

• SEES 2025 FREE CASH FLOW CONVERSION FROM COMPARABLE OPERATING PROFIT OF BETWEEN 50% AND 80%.

• Q4 NET SALES GROWTH IN NETWORK INFRASTRUCTURE ACCELERATED TO 17%, WITH IP NETWORKS GROWING 24%,

• CLOUD AND NETWORK SERVICES RETURNED TO 7% NET SALES GROWTH IN Q4

• CONTINUE TO EXECUTE AGAINST OUR OUTSTANDING SHARE BUYBACK PROGRAM

• FULL YEAR FREE CASH FLOW OF EUR 2.0 BILLION

• GOING FORWARD, OUR TARGET REMAINS TO MAINTAIN A NET CASH POSITION OF BETWEEN 10-15% OF ANNUAL NET SALES.

• WILL INVEST UP TO AN ADDITIONAL EUR 100 MILLION IN ANNUAL OPERATING EXPENSES WITH A VIEW TO DRIVING INCREMENTAL NET SALES OF EUR 1 BILLION BY 2028

• Q4 MOBILE NETWORKS NET SALES EUR 2,431 MILLION VERSUS EUR 2,450 MILLION YEAR AGO

• PROPOSING INCREASE IN DIVIDEND TO EUR 0.14 PER SHARE IN RESPECT OF FINANCIAL YEAR 2024

• EXPECT IMPROVED TRENDS WE HAVE SEEN IN NETWORK INFRASTRUCTURE IN SECOND HALF OF THIS YEAR, TO SUSTAIN AND DRIVE STRONG GROWTH

• CLOUD AND NETWORK SERVICES IS ALSO EXPECTED TO GROW WITH STRONG 5G CORE MOMENTUM AND GROWTH IN OUR ENTERPRISE CAMPUS EDGE BUSINESS

• END MARKETS IN MOBILE NETWORKS ARE IMPROVING AND WE CURRENTLY ASSUME LARGELY STABLE NET SALES

• NOKIA TECHNOLOGIES IS EXPECTED TO DELIVER APPROXIMATELY EUR 1.1 BILLION OF OPERATING PROFIT.

• IN SHORT-TERM INVESTMENT WILL MODERATE PACE OF OPERATING MARGIN EXPANSION IN NETWORK INFRASTRUCTURE

• SEES FURTHER OPPORTUNITIES TO INCREASE MARGINS BEYOND 2026

• BELIEVES AN OPERATING MARGIN OF 14% REMAINS ACHIEVABLE OVER LONGER TERM

• Q4 ENTERPRISE NET SALES EUR 689 MILLION

Source text: ID:nGNE5Y5n4p

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