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Yahoo
26-07-2025
- Business
- Yahoo
Nokia Oyj (NOK) Reports Lower Q2 Revenue and EPS
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, Nokia Oyj (NYSE:NOK) makes it onto our list of the . On July 22, 2025, Nokia Oyj (NYSE:NOK) released its revised full-year 2025 financial outlook ahead of its Q2 results. Based on the revised guidance, the company expects a comparable operating profit of $1.88–2.47 billion, down from the previous guidance range of $2.24-2.83 billion. This revision in operating profit guidance is attributed to a weaker US dollar and ongoing tariff impacts. Now, Nokia Oyj (NYSE:NOK) bases its projections on a EUR: USD exchange rate of 1.17, in contrast to 1.04 in January. The currency risk is expected to have a negative impact of $270.79 million on profits. Meanwhile, tariffs are expected to negatively impact earnings by $58.87-94.19 million. Meanwhile, on July 24, 2025, Nokia Oyj (NYSE:NOK) reported its performance for Q2 that ended June 30, 2025. The company's comparable net sales were flat at EUR 5.35 billion. Sales declined 1% on a constant currency basis due to a 13% decline in Mobile Networks. Meanwhile, the Network Infrastructure and Cloud & Network Services segments recorded growth of 8% and 14%, respectively. A venture fund loss of $58.79 million contributed to a 6.6% decline in operating margin, leading to a decrease in EPS from $0.07 per share in Q2 2024 to $0.05 in Q2 2025. Furthermore, free cash flow stood at $103.47 million, declining due to debt repayment. Operating through Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies segments, Nokia Oyj (NYSE:NOK) offers mobile, fixed, and cloud network solutions across the globe. It is included in our list of the best cloud stocks. While we acknowledge the potential of NOK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Sign in to access your portfolio
Yahoo
24-07-2025
- Business
- Yahoo
Nokia Corporation Report for Q2 and Half Year 2025
Nokia Corporation Half year financial report24 July 2025 at 08:00 EEST Nokia Corporation Report for Q2 and Half Year 2025Solid performance offset by currency impact Q2 comparable net sales declined 1% y-o-y on a constant currency and portfolio basis (2% reported) due to a 13% decline in Mobile Networks which had benefited from accelerated revenue recognition in the prior year. Network Infrastructure grew 8% while Cloud and Network Services grew 14%. Nokia Technologies grew 3%. Comparable gross margin in Q2 was flat y-o-y at 44.7% (reported increased 10bps to 43.4%). Gross margins were broadly stable in Network Infrastructure and Mobile Networks and improved in Cloud and Network Services. Q2 comparable operating margin decreased 290bps y-o-y to 6.6% (reported up 790bps to 1.8%), driven by a negative EUR 50 million venture fund impact which includes a EUR 60 million negative currency revaluation. Operating profit was also impacted by tariffs. Q2 comparable diluted EPS for the period of EUR 0.04; reported diluted EPS for the period of EUR 0.02. Q2 free cash flow of EUR 0.1 billion, net cash balance of EUR 2.9 billion. As announced on 22 July 2025, full year 2025 comparable operating profit outlook revised to between EUR 1.6 and 2.1 billion (was between EUR 1.9 and 2.4 billion) with free cash flow conversion from comparable operating profit unchanged at between 50% and 80%. This is a summary of the Nokia Corporation Report for Q2 and Half Year 2025 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at Investors should not solely rely on summaries of Nokia's financial reports and should also review the complete reports with tables. JUSTIN HOTARD, PRESIDENT AND CEO, ON Q2 2025 RESULTS In the following quote, net sales comments and growth rates are referring to comparable net sales and are on a constant currency and portfolio my first quarter as CEO, I've spent significant time engaging with our stakeholders. One message has stood out: Connectivity is becoming a critical differentiator in the AI supercycle, not only for communication service providers and hyperscalers, but also for new areas like defense and national security. With our portfolio in mobile and fiber access, data center, and transport networks, Nokia is uniquely positioned to be a leader in this market transition. Customer conversations have increased my optimism about our opportunity: There's been a strong validation of what sets us apart – our technology, partnering culture, and the exceptional talent of our the same time, our customers expect us to engage with them as one integrated company as they partner with us across our portfolio. Further it is clear we need to continue to evolve how we work so we move faster, improve productivity and focus on what brings value to our customers. As a result, we're unifying our corporate functions to simplify how we work, build a more cohesive culture and begin to unlock operating have a great opportunity to drive a unified vision for the future of networks, and I am looking forward to discussing our strategy and full value creation story at our Capital Markets Day in New York on November to our second quarter results, the significant currency fluctuations, particularly the weaker USD, had a meaningful impact on both our net sales and operating profit. On a constant currency and portfolio basis our overall net sales declined 1%, however excluding a settlement benefit in the prior year, sales would have grown 3%. Network Infrastructure grew 8% in Q2. Mobile Networks' net sales declined 13%, primarily related to the aforementioned prior year settlement benefit and also due to project timing in India. Cloud and Network Services grew 14% with strong momentum in 5G Core. Nokia Technologies grew 3% and secured several new agreements in the quarter.Q2 comparable gross margin was stable year-on-year at 44.7%. Operating profit in the quarter was impacted by a non-cash negative impact to venture funds of EUR 50 million which included a EUR 60 million negative currency revaluation and the effect of tariffs we highlighted in Q1, contributing to our comparable operating margin declining 290 bps to 6.6%. Despite the cash impact of 2024 incentives during Q2, we had a strong cash performance and have generated free cash flow of over EUR 800 million in the first half.Q2 saw continued strong order momentum in Optical Networks with a book-to-bill well above 1, driven by new hyperscaler orders. We had several key wins in the quarter, including a deal with a large US communication service provider along with receiving our first award for 800G pluggables from a US hyperscaler. Across the group, Nokia generated 5% of sales in Q2 from hyperscalers. While we still have a lot of work ahead of us, I'm pleased with the progress we are making integrating Infinera, including executing on synergies. Additionally, the commercial momentum we are seeing reinforces the long-term value creation opportunity of the acquisition. Looking ahead we expect a stronger second half performance, particularly in Q4 consistent with normal seasonality. For the full year, the underlying business is trending largely as expected. We continue to expect strong growth in Network Infrastructure, growth in Cloud and Network Services and largely stable net sales in Mobile Networks on a constant currency and portfolio basis. In Nokia Technologies we expect approximately EUR 1.1 billion in operating we are facing two headwinds to our full year operating profit outlook which are outside of our control, currency due to the weaker US Dollar, and tariffs. Currency has an approximately EUR 230 million negative impact relative to our expectations at the start of the year with EUR 90 million from non-cash venture fund currency revaluations. The current tariff levels are forecasted to impact operating profit by EUR 50 million to EUR 80 million inclusive of those in Q2. Considering these two headwinds, we decided it was prudent at this point to lower our comparable operating profit outlook to a range of EUR 1.6 billion to EUR 2.1 billion from the prior range of EUR 1.9 billion to EUR 2.4 HotardPresident and CEO FINANCIAL RESULTS EUR million (except for EPS in EUR) Q2'25 Q2'24 YoY change Q1-Q2'25 Q1-Q2'24 YoY change Reported results Net sales 4 546 4 466 2% 8 936 8 910 0% Gross margin % 43.4% 43.3% 10bps 42.5% 46.5% (400)bps Research and development expenses (1 161) (1 134) 2% (2 306) (2 259) 2% Selling, general and administrative expenses (744) (715) 4% (1 472) (1 408) 5% Operating profit 81 432 (81)% 32 836 (96)% Operating margin % 1.8% 9.7% (790)bps 0.4% 9.4% (900)bps Profit from continuing operations 83 370 (78)% 24 821 (97)% Profit/(loss) from discontinued operations 13 (512)13 (525)Profit/(loss) for the period 96 (142)36 296 (88)% EPS for the period, diluted 0.02 (0.03)0.01 0.05 (80)% Net cash and interest-bearing financial investments 2 879 5 475 (47)% 2 879 5 475 (47)% Comparable results Net sales 4 551 4 466 2% 8 941 8 910 0% Constant currency and portfolio YoY change(1) (1%) (2%) Gross margin % 44.7% 44.7% 0bps 43.5% 47.6% (410)bps Research and development expenses (1 126) (1 064) 6% (2 241) (2 140) 5% Selling, general and administrative expenses (612) (610) 0% (1 199) (1 194) 0% Operating profit 301 423 (29)% 457 1 023 (55)% Operating margin % 6.6% 9.5% (290)bps 5.1% 11.5% (640)bps Profit for the period 236 328 (28)% 390 840 (54)% EPS for the period, diluted 0.04 0.06 (33)% 0.07 0.15 (53)%Business group results Network Infrastructure MobileNetworks Cloud and Network Services Nokia Technologies Group Common and Other EUR million Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Net sales 1 904 1 522 1 732 2 078 557 507 357 356 3 4 YoY change 25%(17)%10%0%(25)%Constant currency and portfolio YoY change(1) 8%(13)%14%3%(25)%Gross margin % 38.2% 38.4% 41.1% 41.8% 42.7% 37.5% 100.0% 100.0% Operating profit/(loss) 109 97 77 182 9 (35) 255 258 (150) (78) Operating margin % 5.7% 6.4% 4.4% 8.8% 1.6% (6.9)% 71.4% 72.5% (1) This metric provides additional information on the growth of the business and adjusts for both currency impacts and portfolio changes. The full definition is provided in the Alternative performance measures section in Nokia Corporation Report for Q2 and Half Year 2025. SHAREHOLDER DISTRIBUTION Dividend Under the authorization by the Annual General Meeting held on 29 April 2025, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of financial year 2024. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period unless the Board decides otherwise for a justified reason. On 24 July 2025, the Board resolved to distribute a dividend of EUR 0.04 per share. The dividend record date is 29 July 2025 and the dividend will be paid on 7 August 2025. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments. As previously announced, on 29 April 2025 the Board resolved to distribute a dividend of EUR 0.04 per share. The dividend record date was 5 May 2025 and the dividend was paid on 12 May 2025. Following these distributions, the Board's remaining distribution authorization is a maximum of EUR 0.06 per share. OUTLOOKFull Year 2025 Comparable operating profit(1,2) EUR 1.6 billion to EUR 2.1 billion (adjusted from EUR 1.9 billion to 2.4 billion) Free cash flow(1) 50% to 80% conversion from comparable operating profit 1Please refer to Alternative performance measures section in Nokia Corporation Report for Q2 and Half Year 2025 for a full explanation of how these terms are defined.2Outlook is based on a EUR:USD rate of 1.17 for the remainder of the year. The outlook 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 report. Along with Nokia's official outlook targets provided above, Nokia provides the below additional assumptions that support the group level financial year 2025 CommentQ3 SeasonalityNormal seasonality would imply flat net sales sequentially into Q3. The business expects somewhat more challenging product mix along with continued R&D investment. Comparable operating margin expected to be largely stable Common and Other operating expenses Approximately EUR 400 million Comparable financial income and expenses Positive EUR 50 to 150 million Comparable income tax rate ~25% Cash outflows related to income taxes EUR 500 million Capital expenditures EUR 650 million Recurring gross cost savings EUR 400 million Related to ongoing cost savings program and not including Infinera-related synergiesRestructuring and associated charges related to cost savings programs EUR 250 million Related to ongoing cost savings program and not including Infinera-related synergiesRestructuring and associated cash outflows EUR 400 million Related to ongoing cost savings program and not including Infinera-related synergiesRISK FACTORS Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to: Competitive intensity, which is expected to continue at a high level as some competitors seek to take share; Changes in customer network investments related to their ability to monetize the network; Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments; Our ability to procure certain standard components and the costs thereof, such as semiconductors; Disturbance in the global supply chain; Impact of inflation, increased global macro-uncertainty, major currency fluctuations, changes in tariffs and higher interest rates; Potential economic impact and disruption of global pandemics; War or other geopolitical conflicts, disruptions and potential costs thereof; Other macroeconomic, industry and competitive developments; Timing and value of new, renewed and existing patent licensing agreements with licensees; Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing; The outcomes of on-going and potential disputes and litigation; Our ability to execute, complete, successfully integrate and realize the expected benefits from transactions; Timing of completions and acceptances of certain projects; Our product and regional mix; Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives; Our ability to utilize our Finnish deferred tax assets and their recognition on our balance sheet; Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions; as well the risk factors specified under Forward-looking statements of this release, and our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors. FORWARD-LOOKING STATEMENTS Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers' businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including "anticipate", 'continue', 'believe', 'envisage', 'expect', 'aim', 'will', 'target', 'may', 'would', 'could', "see", 'plan', 'ensure' or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above. ANALYST WEBCAST Nokia's webcast will begin on 24 July 2025 at 11.30 a.m. Finnish time (EEST). The webcast will last approximately 60 minutes. The webcast will be a presentation followed by a Q&A session. Presentation slides will be available for download at A link to the webcast will be available at Media representatives can listen in via the link, or alternatively call +1-412-317-5619. FINANCIAL CALENDAR Nokia plans to publish its third quarter and January-September 2025 results on 23 October 2025. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: NokiaCommunicationsPhone: +358 10 448 4900Email: Vaismaa, Global Head of External Communications NokiaInvestor RelationsPhone: +358 931 580 507Email: Attachment 2025_Q2_Nokia_ Earnings_release_English
The Sun
18-07-2025
- Business
- The Sun
Bargain network offers UNLIMITED data for £18 a month – but for limited time only
SHOPPERS looking to switch mobile networks are in for a win. Smarty has knocked the price of its Unlimited data plan down from £20 to just £18 a month, so now's a pretty good time to jump on it. Smarty SIM-only deal, Unlimited data, £20 £18/month BUY FROM SMARTY If your contract's ended or you're just hunting for a better SIM-only deal, Smarty is well worth checking out. The network regularly rolls out limited-time offers, either cutting prices or boosting data, and right now, this Unlimited deal is one of its strongest. For anyone who chews through mobile data, the Unlimited plan at £18 per month is a no-brainer. It's excellent value from a fuss-free provider that keeps things simple, no gimmicks, just loads of data and solid savings. But that's not all. Smarty's 100GB plan has been bumped up to 200GB per month, doubling your allowance while still costing just £12. That's a huge amount of data for the price, especially since there's usually a big jump in cost between mid-range plans and Unlimited. If you're unsure about coverage in your area, you can use Smarty's coverage tool to check signal strength where you live. There's also a free Ofcom mobile phone checker tool that helps you compare network coverage and find the best option for your location. And with major providers now switching off their 3G networks to focus on 4G and 5G, it's a good time to make sure your plan and phone are future-ready. Best SIM-only deals from Smarty What's great about Smarty is you can keep costs low with a smaller plan, or go Unlimited without paying over the odds. Here's the best this month: 5GB for £6 per month - buy here 8GB for £7 per month - buy here 16GB for £8 per month - buy here 40GB for £10 per month - buy here 100GB 200GB for £12 per month - buy here 150GB for £15 per month - buy here Unlimited data for £20 per month - buy here All Smarty plans are rolling one-month contracts, so you're never tied down; you can switch or cancel whenever it suits you. It's just one more reason the network's a go-to for budget-savvy shoppers. This deal won't be around forever; you'll need to switch by August 11, and make sure to activate your SIM within 14 days. The £18 monthly price is locked in for up to 15 months from your first renewal, after that, it goes back to the standard £20 a month. If you're after a new handset instead, there are some great Android deals doing the rounds right now. One provider is bundling in free tech worth £418 when you pick up the Samsung Galaxy S24, with our top pick priced at just £24.99 per month. best SIM-only deals across all the major networks.
News24
24-06-2025
- Business
- News24
Schreiber blasts Tyme CEO for ‘state capture instinct'
TymeBank and an organisation representing South Africa's biggest mobile networks have expressed serious concern about the implications of the 6 500% price increase for ID verification checks that Home Affairs will introduce next month. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
Time of India
24-04-2025
- Business
- Time of India
Nokia reports net profit drop, says 'not immune' to tariff wars
Finnish telecoms equipment maker Nokia on Thursday reported a net loss of 60 million euros ($68 million) for the first quarter, citing the tariff wars and "rapidly evolving global trade landscape". The company said tariffs imposed by the United States could result in "some short-term disruption". "We are not immune to the rapidly evolving global trade landscape. However based on early customer feedback, I believe our markets should prove to be relatively resilient", Justin Hotard President and CEO of Nokia said in a statement. "Based on what we see today, we currently expect a EUR 20 to 30 million impact to our comparable operating profit in the second quarter from the current tariffs", Hotard said. US President Donald Trump implemented a tariff of 10 percent on global imports this month, but he paused plans for higher duties on dozens of countries, including a 20 percent duty for goods from EU nations. Nokia also reported net sales of 4.4 billion euros ($4.9 billion), down one percent compared to a year ago. It had posted a net profit of 438 million euros in the first quarter of last year. The company said it expects its Network Infrastructure and Cloud and Network Services divisions to see sales growth this year, while Mobile Networks to hold steady. Alongside its first quarter report, it announced a contract extension with US operator T-Mobile on Thursday, saying it continued "to see positive signs of stabilisation" in its Mobile Networks business. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
