Nokia to raise its 2021 forecast after a good second quarter

STOCKHOLM (Reuters) – Nokia on Tuesday announced plans to raise its full-year earnings guidance after an uptick in activity in the second quarter.

The Finnish Telecommunications Equipment Group, which will present these new forecasts with its quarterly results on 29 July, currently expects annual turnover of 20.6 to 21.8 billion euros.

After a difficult period, during which it faced competition from Swedish Ericsson, Nokia broke the ground by modifying its industrial model, reducing its costs and its workforce, and establishing new partnerships with high-tech conglomerates and telecommunications companies. began to acquire.

“Our first-half performance was evidenced by good cost control and strong gains in many of our end markets,” Managing Director Pekka Lundmark said in a statement.

Nokia has also benefited from the withdrawal of Chinese Huawei from several European countries.

(Report Supanth Mukherjee in Stockholm and Essie Lehto in Helsinki; French edition edited by Marc Engrand, Jean-Michel Bellot)

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