Nokia : L’expansion de marge va être limitée en 2022
>Opinion Neutre maintenue, OC relevé à 5.4 € vs 5.2 € - Nokia a publié un bon T3 grâce à une demande plus élevée d'équipements 5G, mais a averti que la pénurie mondiale de semi-conducteurs affecterait la marge en 2022. Nous relevons quand même nos prévisions de 3% en moyenne sur 2021/2022 sur une MOP plus élevée que prévu en 2021. Nous ajustons, en conséquence, notre OC à 5.4 € vs 5.2 €. Sur la base de nos nouvelles estimations, le titre se paye à 5,8x l’EBITDA 2022...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.