Nokia Expects 2024 Comparable Operating Profit Of €2.3B-€2.9B And Free Cash Flow Conversion From Comparable Operating Profit Of 30%-60%
Portfolio Pulse from Benzinga Newsdesk
Nokia anticipates a full year 2024 comparable operating profit in the range of EUR 2.3 billion to EUR 2.9 billion, with a free cash flow conversion rate from comparable operating profit of 30% to 60%.
January 25, 2024 | 6:29 am
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Nokia expects a significant operating profit for 2024, indicating strong financial performance and efficient cash flow management.
The projected operating profit and cash flow conversion rates are key indicators of Nokia's financial health and operational efficiency. Positive expectations can lead to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100