Report
Stephane Houri

Nokia : Un énorme warning, qui pose des questions sur Nokia et sur l’industrie en général – Alléger vs Acheter

>Un avertissement d’une grande soudaineté, qui rappelle que cette industrie ne sait pas profiter des vagues d’investissement - Hier, Nokia a lancé un avertissement sur résultat significativement plus violent que ce qui était possible d’anticiper. Nous savions en effet que les guidances de marge opérationnelle aussi bien pour 2019 (9/12% avec un consensus à 9.1%) que pour 2020 (12/16% avec un consensus à 12.6%) étaient ambitieuses. Mais l’abaissement à un objectif de 8...
Underlying
Nokia Oyj

Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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