 "DoT, Department of Telecommunication")
Finnish telecoms equipment maker Nokia said on Thursday it expects its revenue to grow this year and set a higher target for long-term earnings margins as the company's recovery gathers pace after years of restructuring.
Nokia predicted its 2022 revenue will amount to between 22.6 billion euros and 23.8 billion euros ($25.5 billion-$26.9 billion), up from 22.2 billion last year. Analysts on average expected revenue of 23.06 billion, a Refinitiv poll showed.
"Our long-term target is to grow faster than the market and to achieve a comparable operating margin of at least 14%," Chief Executive Pekka Lundmark said in a statement.
The producer
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