Sees FY23 free cash flow 20%-50% conversion from comparable operating profit. Sees FY23 comparable operating margin 11.5%-14%. The company said, "The outlook, long-term targets and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this release. Along with Nokia’s official outlook targets provided above, below are outlook assumptions by business group that support the group level outlook. The comments for relative growth by business group are provided to give a reference on how we expect each to perform relative to the overall group."
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