Nokia sees Q1 Devices & Services non-IFRS operating margin down 2% Nokia expects its Devices & Services non-IFRS operating margin in Q1 to be approximately negative 2%, plus or minus four percentage points. Nokia continues to target to reduce its Devices & Services non-IFRS operating expenses to an annualized run rate of approximately EUR 3.0B by the end of 2013. Nokia expects Location & Commerce non-IFRS operating margin in Q1 to be negative due to lower recognized revenue from internal sales, which carry higher gross margin, and to a lesser extent by a negative mix shift within external sales.
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