HALISTER: Nokia 2Q Sales Miss Ests.; Raises Savings Target

Nokia 2Q Sales Miss Ests.; Raises Savings Target

(Bloomberg) -- Nokia 2Q sales EU5.7b vs est. EU5.87b
  • 2Q adj. diluted EPS EU0.03 vs est. EU0.03
  • Raised annual cost savings target to ~EU1.2b of total annual cost savings to be achieved in full year 2018; previously saw synergies above EU900m
  • Sees FY networks non-IFRS net sales declining y/y, adj. op. margin at 7-9%; previously saw margin above 7%
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
NOKIA FH (Nokia OYJ)

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