Nokia Posts Weaker-Than-Expected Results and Cuts Guidance -- Market Talk

Dow Jones
2025/07/23

0716 GMT - Nokia's preliminary second-quarter results, announced last night, were weaker than expected and the company lowered its full-year forecast, Kepler Cheuvreux analyst Sebastien Sztabowicz writes. Sales were 5% below consensus, while adjusted operating profit was around 300 million euros, 25% below consensus. The figures correspond to an adjusted operating margin of around 6%-7%, with consensus looking for 8.3%, he adds. The company now expects adjusted operating profit of 1.6 billion-2.1 billion euros, mainly due to currency headwinds and tariff impacts. Consensus full-year adjusted operating profit stood at 2.07 billion euros. The bank reiterates its hold recommendation and 4.60 euro target price on the stock. It expects sales to remain subdued in the near term and margins to be squeezed. Shares fall 5.3% to 3.89 euros. (dominic.chopping@wsj.com)

 

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July 23, 2025 03:17 ET (07:17 GMT)

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