Interim reports|Nokia’s operating profit decreased by 74 per cent in the early part of the year.
Network devices The result of the manufacturer Nokia was weaker in the early part of the year.
Net sales remained unchanged at EUR 4.4 billion, but comparable operating profit decreased by 74 % to EUR 156 million. Analysts estimate that operating profit would have been EUR 296 million.
“In 2025, we are still looking forward to a strong increase in net sales in e-infrastructure, growth in cloud and online services, and mainly stable net sales in mobile networks,” says CEO Justin Hotard in the interim report.
Cellular networks Profitability was burdened by a one -time expense of EUR 120 million, the details of which Nokia does not tell. The operating loss of cellular networks was EUR 152 million in the first half of the year.
The operating profit for network infrastructure, which is mainly responsible for fixed networks, increased by 59 per cent to EUR 135 million.
According to Nokia, the import duties prescribed by the United States may cause some disruption to its business.
“Based on the current situation, we are waiting for existing tariffs [tullien] Our negative effect on our comparable operating profit is EUR 20-30 million in the second quarter, ”says CEO Hotard.
On Thursday Nokia announced a significant 5G agreement with US telecom operator T-Mobile. The company does not indicate the value of the contract.
Despite the weak first year, Nokia keeps an estimate that comparable operating profit this year is EUR 1.9-2.4 billion. However, the company mentions that achievement of 2.4 billion operating profit can be difficult.
“We will not continue to be protected by rapid changes in international trade, but according to early customer feedback, I believe that our markets will withstand these changes well.”
The news is updated.