Nokia said it saw continued strength in the business in the second quarter. Taken with the positive first quarter, the latest performance provides a "good foundation" for the full-year results, CEO Pekka Lundmark said. As a consequence, the company expects to revise upwards its outlook for the full year. It had earlier guided for net sales of EUR 20.6-21.8 billion, an operating margin of 7-10 percent and positive free cash flow.
Lundmark said the company was progressing well with its three-phased plan to achieve sustainable, profitable growth and technology leadership, as laid out during its Capital Markets Day in March. The first half of the year benefited from the cost control and also the strength in Nokia’s end markets.
Nokia will release its second quarter results on 29 July.
