Forward Guidance ...
Syl,
<< Let's hope Nokia pre-announces and guides higher. >>
Let's not count on it, and if we that hold Nokia long are going to "hope," let's hope that Nokia doesn't warn. Pre-announcements that Nokia anticipates exceeding guidance rendered in the prior quarter are relatively rare, and we can certainly hope that going forward we see fewer warnings than we have seen in the last few years.
It would certainly be nice to see Nokia meet the high side of their guidance: i.e. non-IFRS operating margin of positive 2 percent for devices and services and positive non-IFRS op margin approaching 5% in NSN. There will be no pre-announcement if once the quarter concludes that guidance appears not to be exceeded, nor should there be. If for some unexpected reason it is determined that one or both objectives will be met or materially exceeded, and a pre-announcement does occur because of HEX requirements, it is highly unlikely that forward guidance for Q3 or the FY will be given until earnings time.
<< I'm long this POS... but maybe you enjoy seeing NOK at 4.90 in January and 4 months later at $3.60 while during those 4 months the markets were in blast off mode and Nokia in implosion mode... >>
From here on forward please take that type of whining and moaning elsewhere. We don't need to hear it in stereo on this board as well as the board where your moaning, groaning, and gnashing of teeth repetitiously occurs. if you are long what you call "this POS" either have some patience or consider placing you bets elsewhere. TIA.
Below is the oulook given at Q1 earnings time:
Nokia Q2 2003 Outlook (April 18, 2013) ...
• Nokia expects its Devices & Services non-IFRS operating margin in the second quarter 2013 to be approximately negative 2 percent, plus or minus four percentage points. This outlook is based on Nokia’s expectations regarding a number of factors, including:
--> Competitive industry dynamics continuing to negatively affect the Mobile Phones and Smart
Devices business units;
--> Consumer demand for our products, particularly for our Mobile Phones products;
--> Continued ramp up for our Lumia smartphones;
--> Expected increases in Devices & Services’ operating expenses;and
--> The macroeconomic environment.
• In the second quarter 2013 supported by the wider availability of recently announced Lumia products, Nokia expects the sequential growth in Lumia unit volumes to be higher than the 27% sequential growth in the first quarter 2013.
• Nokia continues to target to reduce its Devices & Services non-IFRS operating expenses to an annualized run rate of approximately EUR 3.0 billion by the end of 2013.
• Nokia expects HERE’s non-IFRS operating margin in the second quarter 2013 to be negative primarily due to lower recognized revenue from internal sales.
• Nokia and Nokia Siemens Networks expect Nokia Siemens Networks non-IFRS operating margin in the second quarter 2013 to be approximately positive 5 percent, plus or minus four percentage points. This outlook is based on Nokia Siemens Networks’ expectations regarding a number of factors, including:
--> competitive industry dynamics;
--> product and regional mix; and
--> the macroeconomic environment.
• Nokia and Nokia Siemens Networks continue to target to reduce Nokia Siemens Networks’ non-IFRS annualized operating expenses and production overheads by more than EUR 1 billion by the end of 2013, compared to the end of 2011.
###
Cheers,
- Eric - |
