Nokia reports earnings per share, excluding extraordinary expenses (non-IFRS) at 0:03 euros for the second quarter in 2016.
Analysts’ expectations were at a profit of 0:03 per share , according to SME Direkt.
the reported earnings per share -0: 12 euros against waited -0: 01 euros per share.
the turnover ended at 5.676 billion euros for the quarter. Analysts’ average expectations low on revenues of 5.818 billion euros.
Clarifies margin forecast
The telecom company Nokia track now that the adjusted operating margin (non IFRS) for the Networks business area will amount to 7-9 percent for the full year in 2016.
According to the interim report.
the previous assessment was based on “over 7 percent.”
analysts had before the report had expected an adjusted operating margin of Networks of 8.6 percent for the full year 2016, according to SME Direkt.
As before, Nokia expects that sales (non IFRS) in Networks while decreasing in 2016 compared to 2015 .
Analysts’ expectations were for the report of Networks sales fall 6.6 percent in 2016, compared with 2015, according to SME Direkt.
Nokia repeat earlier expectations that:
* Capex for the Group for the full year will be approximately EUR 650 million.
* Financial items of around EUR 300 million.
* the tax rate for 2016 will be above 40 percent, mainly due to the acquisition of Alcatel-Lucent. Nokia emphasizes that this analysis applies only to 2016 and emphasizes that the tax rate in the longer term will be clearly below the level in 2016. The cash outflow related to tax in 2016 is forecast to amount to EUR 400 million.
Do the larger synergies
Nokia boost its assessment regarding the annual cost savings from the Alcatel-Lucent deal of about 1.2 billion million over the full year 2018th
Earlier assessment was of 900 million euros during the same year, the 2018th
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