The world's third-largest mobile equipment maker, has seen nothing in its business that would lead it to change its financial outlook. Some had suggested that it had something to do with the strong US dollar compared against the Euro.

CEO Rajeev Suri appears to be scratching his head and wondering why. He said that nothing specific has happened in the past couple of weeks and it is “business as usual.”

In fact it stands to benefit over the course of 2015 from the sharp drop in the value of the euro against the US dollar.

In late January, the company said that for its mainstay Nokia Networks’ business, it expected net sales and operating margins in the first quarter to decline compared to the fourth quarter of 2014, typically a seasonally stronger quarter.

For the full year, Nokia has said it expects operating margins for the Networks division to recede to its long-term target range of 8 to 11 percent, a decline from the 12.2 percent it reported for the full year in 2014.