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 than the market over the long term. For 2015, the company expects growth in Nokia Networks' net sales and an adjusted operating margin in the new target range.
The navigation division Here is also expected to grow sales and reach an adjusted operating margin of 5-10 percent. The strategy for Here is to "win in automotive, grow in the enterprise segment and leverage the unique assets", Nokia said, while also improving profitability through increased efficiency.
The licensing division Nokia Technologies will grow revenues next year as well, excluding any amounts related to the expected resolution of arbitration with Samsung. Nokia Technologies' operating expenses also will increase "meaningfully", due to higher investments in licensing activities and development, Nokia said.
All three divisions will rely on Nokia Business System for support. Nokia said it also continues to target further streamlining in its operations, through automation and disciplined processes, and the company is introducing a new "high-performance culture" across the group to encourage operational excellence.
For shareholders, Nokia said "recommencing an ordinary dividend is one of our main priorities", and the company will also continue to repurchase shares.
