Reuters
Investors expect Nokia to give bolder guidance, resume dividends
After three quarters of growth, Finland’s Nokia is expected to round 2021 off with another set of strong results, which investors hope will lead to the resumption of dividends and a bolder outlook for this year’s revenue. Under CEO Pekka Lundmark, who took the helm at Nokia 18 months ago, the telecoms network supplier has gained ground on rivals such as Sweden’s Ericsson in attracting customers for its 5G equipment. “The reset phase of the strategy is done with and now it could slowly move to steady growth,” Inderes analyst Atte Riikola said, adding that Nokia’s recovery has benefited from a faster-than-expected rise in demand.
