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General

Nokia plans more cost-cutting as Q3 margins fall

Thursday 25 October 2018 | 09:18 CET | News
Nokia has announced plans for another EUR 700 million in cost reductions, in order to meet its goal of raising the adjusted operating margin to 12-16 percent by 2020. The announcement came alongside third-quarter results showing a 1 percent fall in revenues and a drop in the margin to 8.9 percent. 

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Categories: General
Companies: Nokia
Countries: World
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