Nokia 2024 Outlook Unchanged, Expects 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's full year 2024 outlook remains unchanged, with expectations of a comparable operating profit between EUR 2.3 billion and 2.9 billion and free cash flow conversion from comparable operating profit of 30% to 60%.
July 18, 2024 | 5:11 am
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Nokia's 2024 financial outlook remains unchanged, projecting a comparable operating profit between EUR 2.3 billion and 2.9 billion and free cash flow conversion from comparable operating profit of 30% to 60%.
The unchanged outlook suggests stability in Nokia's financial performance, which is likely to result in a neutral short-term impact on the stock price as there are no new positive or negative surprises.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100