Mohamad Faizal Bin Ramli
- Nokia (NYSE:NOK) reveals Q4 earnings and introduces FY24 guidance, along with FY26 targets.
- The Q4 Non-GAAP EPS stands at €0.10.
- The reported revenue is €5.71B, reflecting a 23.4% year-over-year decrease.
- Q4 free cash flow is a positive €1.7B, and the net cash balance sits at €4.3B. The full year free cash flow amounts to €0.8B.
- The board proposes a dividend authorization of €0.13 per share and commences a two-year €600 million buyback program.
- Outlook: Nokia anticipates a full-year 2024 comparable operating profit ranging between €2.3 billion to €2.9 billion and free cash flow conversion from comparable operating profit between 30% and 60%.
- The company shared its optimism, stating, “We continue to have strong momentum in this segment and expect another year of double-digit growth in 2024.”
- 2026 targets:
Net sales Projected to grow faster than the market Comparable operating margin Expected to be ≥ 13% Free cash flow 55% to 85% conversion from comparable operating profit
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