Nokia Keeps 2025 Outlook, Says Top-End More Difficult To Reach

April 24 (Reuters) - Nokia Oyj NOKIA.HE:

• NOKIA Q1 SALES EUR 4,390 MILLION VERSUS. IBES ESTIMATE EUR 4,426 MILLION

• NOKIA Q1 GROSS MARGIN 41.5%

• NOKIA Q1 EBIT MARGIN -1.1%

• NOKIA Q1 EPS EUR -0.01

• NOKIA Q1 EBIT EUR -48 MILLION

• NOKIA Q1 ADJUSTED EBIT MARGIN 3.6%

• NOKIA Q1 ADJUSTED EPS EUR 0.03

• NOKIA - EXCLUDING CATCH-UP ELEMENT OF LICENSING DEALS SIGNED IN PRIOR YEAR, SALES GREW 7%

• NETWORK INFRASTRUCTURE NET SALES GREW 11%

• CLOUD AND NETWORK SERVICES DELIVERED NET SALES GROWTH OF 8%

• IN 2025, WE CONTINUE TO EXPECT STRONG NET SALES GROWTH IN NETWORK INFRASTRUCTURE, GROWTH IN CLOUD AND NETWORK SERVICES

• IN NOKIA TECHNOLOGIES WE EXPECT APPROXIMATELY EUR 1.1 BILLION OF OPERATING PROFIT IN 2025

• 2025 OUTLOOK UNCHANGED

• REGARDING TARIFF SITUATION, THERE COULD BE SOME SHORT-TERM DISRUPTION

• WE CURRENTLY EXPECT EUR 20 TO 30 MILLION IMPACT TO OUR COMPARABLE OPERATING PROFIT IN Q2 FROM CURRENT TARIFFS

• GIVEN LACK OF VISIBILITY, WE HAVE NOT TAKEN AN ASSUMPTION RELATED TO TARIFFS IN SECOND HALF OF 2025

• Q1 MOBILE NETWORKS NET SALES EUR 1,729 MILLION VERSUS EUR 1,682 MILLION YEAR AGO

• WE NOW HAVE AN UNEXPECTED CHARGE IMPACTING MOBILE NETWORKS

• NOKIA - ACHIEVING TOP-END OF 2025 OPERATING PROFIT GUIDANCE RANGE WILL NOW BE MORE CHALLENGING

• Q1 COMPARABLE OPER PROFIT EUR 156 MLN