CAGR - Nokia reaffirms FY2021 and updates FY2023 outlook

Nokia's (NOK) -3% premarket, addressable market is expected to grow at a compounded annual growth rate (CAGR) of ~1% from 2020-2023.Mobile Networks estimated 2020-2023 addressable market CAGR, excluding China, of ~1%; Network Infrastructure estimated 2020-2023 global addressable market CAGR of ~2%; Cloud and Network Services estimated 2020-2023 global addressable market CAGR of 2%.The company reaffirmed FY2021 outlook: “Nokia is repositioning itself to deliver sustainable, profitable growth, adapting our business to lead in an increasingly digitalized world. We have a clear and detailed plan for how we will reset the business, accelerate competitiveness and scale up our lead in the markets we choose to play in. This plan will enable us to deliver double-digit comparable operating margins in 2023,” says Pekka Lundmark, President and CEO of Nokia.Each business group is focused on driving improved focus on capital allocation and technology leadership in 2021, positioning Nokia to grow profitably in 2022 and beyond.The board will assess

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Nokia reaffirms FY2021 and updates FY2023 outlook