Inside information: nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability

Nokia corporationinside information19 october 2023 at 8:00 eest inside information: nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability empowers its business groups to operate with more autonomy and agility, in order to speed up execution of its strategy embeds sales teams into business groups to better seize growth opportunities and more closely align customer needs to decision-making announces new program designed to lower cost base by eur 800–1 200 million on a gross basis over a three year period reiterates its long-term comparable operating margin target of at least 14% to be delivered by 2026, as announced with q3 results today espoo, finland – nokia today announces strategic and operational changes to its business and a program to reset its cost base. these actions will better position the company for longer-term growth and enable it to navigate the current market uncertainty.
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