Nokia Expects Its Turnaround to Continue in 2022

Nokia Expects Its Turnaround to Continue in 2022
The Nokia logo is displayed at the Mobile World Congress (MWC) in Barcelona, Spain, on Feb. 25, 2019. Gabriel Bouys/AFP via Getty Images
Reuters
Updated:

HELSINKI—Finnish telecoms equipment maker Nokia on Tuesday gave its first guidance for 2022, easing investors’ concerns over the impact the global chip shortage may have had on its operations.

Nokia said it expected a comparable operating margin of 11–13.5 percent in 2022, sending its shares up 2.8 percent in the morning trade following the announcement.