- Adjusted Operating Profit: Nokia reported an adjusted operating profit of €454 million, surpassing the estimate of €445.2 million.
- Profit Margins: The adjusted operating margin was 10.5%, higher than the estimated 9.45%, while the adjusted gross margin was 45.7%, above the expected 42.8%.
- Cloud & Network Services: Net sales were €702 million, slightly below the forecast of €709.1 million, but the operating profit of €65 million significantly exceeded the estimate of €28.6 million.
- Nokia Technologies: Net sales reached €352 million, outperforming the estimate of €334.9 million. The operating profit was €242 million, closely aligning with the expected €244.8 million.
- Group Common & Other: Net sales were €3 million, falling short of the €15.2 million forecast, and there was an operating loss of €126 million compared to the estimated €86.5 million loss.
- Mobile Networks: Operating profit stood at €92 million, surpassing the estimated €67.2 million, and the gross margin was 39.8%, higher than the expected 38%.
- Network Infrastructure: Operating profit was €180 million, slightly below the expected €192.8 million, but the gross margin of 42.1% exceeded the forecast of 39%.
- Forecast: Nokia maintains its forecast for an adjusted operating profit between €2.3 billion and €2.9 billion, with market estimates suggesting €2.35 billion.
- Analyst Recommendations: The stock has received 10 buy ratings, 15 holds, and 4 sells.
Nokia OYJ on Smartkarma
Analyst coverage of Nokia OYJ on Smartkarma by Dimitris Ioannidis discusses the potential impact of EURO STOXX 50 exclusion by sector. Ioannidis highlights how Merck KGaA’s performance in the Health Care sector could influence Nokia’s potential deletion from the index, potentially leading to a passive fund supply of around $700 million and impacting average daily volume (ADV). The analysis also touches on the expected exclusion of Cap Gemini SA from the selection list due to high coverage in the Technology sector. Nokia OYJ faces a higher risk of deletion if Merck KGaA qualifies for the selection list, with projected passive fund supply disruptions and implications for the stock.
A look at Nokia OYJ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Nokia OYJ a positive long-term outlook based on their Smart Scores assessment. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Nokia OYJ has been recognized for its strong potential for expansion, ability to withstand market volatility, and consistent positive performance in the market.
Nokia OYJ, a global communications company, stands out with its high Value score of 4, indicating a favorable investment opportunity. Additionally, its respectable Dividend score of 3 reflects the company’s commitment to rewarding shareholders. Overall, the combination of these scores paints a promising picture for Nokia OYJ‘s future performance in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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