Nokia expects to revise upwards its 2021 financial

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Nokia Corporation
Inside information
13 July 2021 at 9:00 EET

Nokia expects to revise upwards its 2021 financial guidance

Espoo, Finland – Nokia is today providing an update to its financial guidance for full year 2021. In the second quarter Nokia saw continued strength in the business, improving its expectations for the full year. Nokia now expects to revise upwards its prior outlook ranges for 2021. Nokia plans to provide full details on its second quarter and half-year financial performance and revised full year 2021 guidance on 29 July 2021.

The previous outlook for 2021 (reiterated on 29 April 2021) was:

Net sales, adjusted for currency fluctuations1 €20.6bn to €21.8bn
Comparable operating margin 7 to 10%
Free cash flow Positive
Comparable ROIC 10 to 15%

1) Assuming continuation of 2020 year-end EUR/USD rate of 1.23.

“We are progressing well with our…

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