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Nokia raises margin target for networks business

Friday 14 November 2014 | 08:53 CET | News
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Nokia has raised its target for profitability at its core business and said it aims to resume paying regular dividends. At its Capital Markets Day event, Nokia said it now targets an adjusted operating margin at Nokia Networks of 8-11 percent, compared to a previous goal of 5-10 percent. It already reached a margin of 11.5 percent over the first nine months of this year and targets a figure of around 11 percent for 2014. Nokia Networks' strategy is to build on its current momentum while transforming to serve the operator of the future, the company said. The target is to grow slightly faster

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Categories: Mobile & Wireless
Companies: Nokia / Nokia Networks / Samsung
Countries: World
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