Nokia Expects 2026 Comparable Operating Profit At EUR 2.0 Bln-2.5 Bln

Jan 29 (Reuters) - Nokia Oyj NOKIA.HE:

• NOKIA Q4 EBIT EUR 540 MILLION

• NOKIA Q4 EPS EUR 0.1

• NOKIA Q4 EBIT MARGIN 8.8%

• NOKIA Q4 SALES EUR 6,125 MILLION VERSUS. IBES ESTIMATE EUR 6,118 MILLION

• PROPOSES DIVIDEND AUTHORIZATION OF EUR 0.14 PER SHARE

• NOKIA SEES 2026 COMPARABLE OPERATING PROFIT AT EUR 2.0 BILLION TO EUR 2.5 BILLION

• NETWORK INFRASTRUCTURE DELIVERED 7% NET SALES GROWTH IN THE FOURTH QUARTER INCLUDING 17% GROWTH IN OPTICAL NETWORKS

• Q4 COMPARABLE OPERATING PROFIT EUR 1,058 MILLION VERSUS IBES ESTIMATE EUR 1,012 MILLION

• HAS NO REMAINING DISTRIBUTION AUTHORIZATION.

• SEES Q1 NET SALES TO DECLINE SOMEWHAT MORE THAN NORMAL SEASONALITY

• SEES Q1 OPERATING MARGIN ONLY SLIGHTLY HIGHER THAN PRIOR YEAR

• SEES 2026 CAPEX EUR 900 - 1 000 MILLION

• NOKIA SEES 2026 FCF AT 55% TO 75%

• REPORTED GROSS MARGIN DECLINED 120BPS TO 44.9% DUE TO HIGHER RESTRUCTURING RELATED CHARGES IN THE FOURTH QUARTER