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Nokia expects sales to rise in 2023 due to strong demand

Telecom equipment maker Nokia expects sales to rise in 2023, benefiting from 5G deployments in India and other regions, Reuters reported.

“2023 is expected to be another growth year,” said Pekka Lundmark, Nokia’s chief executive, on a media conference call.

Financial data show that Nokia’s comparable operating profit in the fourth quarter rose to 1.15 billion euros (currently about 8.498 billion CNY) from last year’s 908 million euros (currently about 6.71 billion CNY), exceeding analysts’ average forecast of 924.6 million euros (currently about 6.71 billion CNY). Currently about 6.833 billion CNY).

In a statement, Lundmark noted: “Looking ahead to 2023, while we note uncertainty about the economic outlook, demand remains strong.”

In addition, Nokia expects full-year net sales to be between 24.9 billion euros (currently approximately 184.011 billion CNY) and 26.5 billion euros (currently approximately 195.835 billion CNY), a year-on-year increase of 2% to 8% at constant exchange rates; analysis The division is expected to be 25.5 billion euros (currently about 188.445 billion CNY).

“Of course, our goal is to capture market share, and I believe that’s exactly what’s happening right now,” Lundmark said on the call.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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