Salem Radio Network News Sunday, July 25, 2021


Nokia plans to raise full-year outlook

STOCKHOLM (Reuters) – Nokia said on Tuesday it expects to raise its full-year outlook as business picked up pace in the second quarter.

“Our first half performance has shown evidence of this in good cost control and also benefited from strength in a number of our end markets,” CEO Pekka Lundmark said in a statement.

The telecom equipment maker, which will provide the new outlook on July 29 while reporting second-quarter results, had earlier projected 2021 net sales of between 20.6 billion euros ($24.43 billion) to 21.8 billion.

($1 = 0.8433 euros)

(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Johan Ahlander)


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