Shulou(Shulou.com)11/24 Report--

CTOnews.com January 29 news, recently, Nokia released the fourth quarter of 2022 and full-year results. At fixed exchange rates, net sales in the fourth quarter increased by 11 per cent year-on-year (16 per cent based on international financial reporting standards); full-year net sales increased by 6 per cent year-on-year (12 per cent based on international financial reporting standards).

At fixed exchange rates, Nokia's basic network business achieved a 14% increase in net sales in the fourth quarter, with growth in all departments. After an important change in the regional business structure, net sales of the mobile network business increased by 3 per cent year-on-year, the cloud network services business grew by 5 per cent, and the net sales of Nokia Technology Group (Nokia Technologies) increased by 82 per cent.

At fixed exchange rates, net sales of corporate business rose 49 per cent year-on-year in the fourth quarter (55 per cent under international financial reporting standards) and 21 per cent year-on-year (27 per cent under international financial reporting standards).

In the fourth quarter, free cash flow was 400 million euros, with a net cash balance of 4.8 billion euros, compared with 800 million euros for the full year. Nokia's board of directors proposed a dividend of 0.12 euros per share for 2022.

Net sales for the whole year of 2023 are expected to be 24.9 billion euros to 26.5 billion euros (currently about 183.264 billion yuan to 195.04 billion yuan), comparable operating margins are expected to be 11.5% muri 14.0%, and free cash flow is expected to be 20% of comparable operating margins. 50%.

Long Peikai, president and CEO of Nokia, said:

At the beginning of 2022, we proposed that this was a year of accelerated growth for Nokia, and now we have successfully achieved this expected goal. Nokia team members calmly responded to geopolitical, economic, and supply chain challenges, successfully implemented the company's development strategy and delivered strong annual results. At a fixed exchange rate, net sales grew by 6 per cent for the whole year, while comparable operating margins were stabilized at 12.5 per cent, which is satisfactory considering the one-time income earned in mid-2021.

Looking ahead to 2023, despite the uncertainty about the economic outlook, market demand will remain strong. We expect to usher in another year of growth and target full-year net sales of 24.9 billion to 26.5 billion euros, or 2 per cent and 8 per cent growth at a fixed exchange rate. At the same time, the target range of comparable operating margin will reach 11.5% Mel 14.0%. And the year of growth also means an increase in the demand for working capital, so our free cash flow is expected to be equivalent to 20% 50% of comparable operating profit margins. In 2024, we expect to achieve a substantial strengthening of cash flow. Considering the positive long-term outlook and good financial position, the board of directors is proposing to increase the annual dividend per share to 0.12 euros.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.