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#Nokia predicts solid net sales growth for #NSN in its Q4 outlook.

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NSN has been the real margin driver for Nokia in last few quarters and even Q3 results vouch for that. NSN is responsible for 166 million EUR of operating profit in Q3 offset by 86 million EUR of operating loss in phone business.

In its outlook for Q4, Nokia has predicted NSN to enjoy steady profit margin of positive 12 percent, plus or minus four percentage points. Not only this due to seasonality, they expect NSN to deliver a solid net sales growth, which is really good news for Nokia’s profitability in Q4.

Nokia expects NSN’s non-IFRS operating margin in the fourth quarter 2013 to be approximately positive 12 percent, plus or minus four percentage points. This outlook is based on Nokia’s expectations regarding a number of factors, including:

– competitive industry dynamics;

– product and regional mix;

– industry seasonality;

– the timing of major new network deployments; and

– expected continued improvement under NSN’s restructuring and transformation programs.

– In the fourth quarter 2013, Nokia expects NSN to deliver solid net sales growth on a sequential basis, supported by strong industry seasonality.

The devices and services business still is predicted to generate negative margins in Q4.

In the fourth quarter 2013, Nokia expects the discontinued operations related to the Devices & Services business to generate negative operating margin on a non-IFRS basis.

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Nayan

Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long.

He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing.
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