智通财经7月24日电，诺基亚第二季度调整后营业利润3.01亿欧元，预估3.994亿欧元。诺基亚第二季度 调整后每股收益0.040欧元，预估0.06欧元。 ...

Core Viewpoint - Nokia Corporation reported solid performance in Q2 2025, although results were impacted by currency fluctuations, particularly a weaker USD, leading to a decline in net sales on a constant currency basis [7][12][13]. Financial Performance - Q2 2025 comparable net sales decreased by 1% year-over-year on a constant currency and portfolio basis, while reported sales declined by 2% [8][15]. - Mobile Networks experienced a significant decline of 13% in net sales, primarily due to a prior year settlement benefit and project timing in India [7][8]. - Network Infrastructure grew by 8%, and Cloud and Network Services saw a growth of 14% [8][9]. - Comparable gross margin remained stable at 44.7%, while the operating margin decreased by 290 basis points to 6.6% due to a negative impact from venture funds and tariffs [10][14]. - The company reported a comparable diluted EPS of EUR 0.04, with a free cash flow of EUR 0.1 billion and a net cash balance of EUR 2.9 billion [8][10]. Outlook - The full-year 2025 comparable operating profit outlook has been revised to a range of EUR 1.6 billion to EUR 2.1 billion, down from EUR 1.9 billion to EUR 2.4 billion, due to currency impacts and tariffs [12][13][20]. - The company expects a stronger performance in the second half of 2025, particularly in Q4, with anticipated growth in Network Infrastructure and Cloud and Network Services [12][19]. - The underlying business is trending largely as expected, with stable net sales in Mobile Networks on a constant currency basis [12][19]. Strategic Positioning - The CEO emphasized the importance of connectivity in the AI supercycle, positioning Nokia as a leader in mobile and fiber access, data center, and transport networks [4][6]. - There is a focus on unifying corporate functions to enhance productivity and customer value [5]. - Continued strong order momentum in Optical Networks was noted, with a book-to-bill ratio above 1, driven by new hyperscaler orders [11].

Group 1 - Nokia has lowered its profit guidance for 2025 due to a weaker dollar and trade tariff issues, now expecting operating profit between €1.6 billion and €2.1 billion, down from a previous forecast of €1.9 billion to €2.4 billion [1] - The adjustment in guidance highlights the impact of the trade war initiated by the Trump administration, affecting supply chains and economic conditions across various industries, particularly for network equipment manufacturers like Nokia and Ericsson [1] - Nokia's stock price fell by 8.2% to €3.77 in Helsinki, marking the largest intraday drop since April 24, while its US shares dropped by 6.11% [1] Group 2 - The company anticipates a loss of approximately €230 million due to currency fluctuations, particularly the dollar exchange rate, and expects tariffs to reduce its annual operating profit by €50 million to €80 million [1] - For the second quarter, Nokia estimates net sales of about €4.55 billion, showing slight growth year-on-year but falling short of analyst expectations of €4.8 billion [2] - Citigroup analyst Andrew Gardiner noted that while market sentiment may be negatively affected, the primary reasons being currency and tariff risks may not be as severe as potential demand or profit issues [2]

Core Viewpoint - Nokia has lowered its full-year operating profit forecast due to adverse effects from exchange rate fluctuations and tariffs [1] Financial Performance - The company now expects comparable operating profit for 2025 to be between €1.6 billion and €2.1 billion, down from the previous forecast of €1.9 billion to €2.4 billion [1] - The anticipated negative impact from exchange rate fluctuations, particularly the weakening of the US dollar, is estimated to be around €230 million [1] - Current tariff conditions are expected to reduce the company's full-year operating profit by €50 million to €80 million [1] - Preliminary financial data for the second quarter shows net sales of approximately €4.55 billion and comparable operating profit of €300 million [1]

诺基亚预计全年调整后运营利润16亿-21亿欧元，分析师预期20.8亿欧元。 ...

市场消息：诺基亚下调2025年运营利润指引。 ...

Core Viewpoint - Nokia has lowered its 2025 operating profit guidance due to adverse currency fluctuations and tariff impacts, adjusting the range from EUR 1.9 billion to EUR 2.4 billion down to EUR 1.6 billion to EUR 2.1 billion [2][4][7] Financial Guidance Update - The updated comparable operating profit outlook for 2025 is now EUR 1.6 billion to EUR 2.1 billion, down from the previous range of EUR 1.9 billion to EUR 2.4 billion [4][7] - Free cash flow conversion guidance remains unchanged at 50% to 80% from comparable operating profit [4] - The new guidance is based on a EUR:USD exchange rate of 1.17, compared to the previous rate of 1.04 used in January [2][4] Impact of External Factors - Currency fluctuations, particularly the weaker USD, are expected to have a negative impact of approximately EUR 230 million on the 2025 outlook, which includes EUR 140 million operationally and EUR 90 million from non-cash venture fund currency revaluations [3] - The current tariff landscape is anticipated to affect full year operating profit by EUR 50 million to EUR 80 million [3] Preliminary Q2 Financials - For the second quarter, Nokia expects to report net sales of approximately EUR 4.55 billion and a comparable operating profit of EUR 300 million, which includes a negative impact of EUR 50 million from its venture funds primarily related to currency [5][7] - The official release of the second quarter and half year 2025 financial results is scheduled for July 24, 2025 [5][6]

Core Viewpoint - Nokia has lowered its 2025 operating profit guidance due to adverse currency fluctuations and tariff impacts, adjusting the range from EUR 1.9 billion to EUR 2.4 billion down to EUR 1.6 billion to EUR 2.1 billion [2][8]. Financial Guidance Update - The updated comparable operating profit outlook for 2025 is now EUR 1.6 billion to EUR 2.1 billion, down from the previous range of EUR 1.9 billion to EUR 2.4 billion [4][8]. - The guidance for free cash flow conversion from comparable operating profit remains unchanged at 50% to 80% [4]. - The new guidance is based on a EUR:USD exchange rate of 1.17, compared to the previous rate of 1.04 used in January [2][4]. Impact of External Factors - Currency fluctuations, particularly the weaker USD, are expected to have a negative impact of approximately EUR 230 million on the operating profit, which includes EUR 140 million operationally and EUR 90 million from non-cash venture fund currency revaluations [3]. - The current tariff landscape is anticipated to further impact the full year operating profit by EUR 50 million to EUR 80 million [3]. Preliminary Financial Results - For the second quarter, Nokia expects to report net sales of approximately EUR 4.55 billion and a comparable operating profit of EUR 300 million, which includes a negative impact of EUR 50 million from its venture funds primarily related to currency [5][8]. - The official release of the second quarter and half-year 2025 financial results is scheduled for July 24, 2025 [5].

Core Points - HMD, a Finnish mobile brand known for its association with Nokia, has announced a significant reduction in its operations in the U.S., effectively exiting the market [1][3][34] - The company has struggled to adapt to the competitive smartphone market, particularly against established players like Apple and Samsung, and has primarily focused on low to mid-range devices [18][30][33] Company Background - HMD Global Oy was formed after Nokia's mobile division was sold to Microsoft, with HMD acquiring the rights to use the Nokia brand [11][12][15] - Despite the legacy of Nokia, HMD has failed to make a significant impact in the smartphone market since its inception in 2016 [32][34] Market Challenges - HMD's strategy has been focused on the sub-$400 market, which is highly competitive and has limited profit margins [18][19] - The company has faced challenges in the U.S. market due to the dominance of major carriers and the high costs associated with gaining market access [28][29] Future Strategy - HMD plans to pivot towards three strategic pillars: "family," "security," and "microfinancing," targeting emerging markets and enterprise solutions [35][40] - The company has already launched products aimed at family safety and is looking to expand into enterprise markets with a focus on security [36][38] Competitive Landscape - HMD's exit from the U.S. market highlights its inability to compete effectively against larger brands and the challenges posed by established ecosystems [30][33][34] - The company faces significant competition from brands like Transsion in emerging markets, which could hinder its growth plans [41]

Core Insights - The report titled "Natural Disaster Management - Company Evaluation Report, 2024" provides a comprehensive analysis of the global market for natural disaster management, evaluating over 100 companies and identifying the top 14 as quadrant leaders [1][2]. Industry Overview - Natural disaster management has shifted from reactive to proactive, technology-driven strategies due to increasing climate-related events and urbanization, integrating technologies such as IoT, AI, GIS, and remote sensing [3][4]. - The approach to disaster management encompasses four phases: preparedness, response, recovery, and mitigation, focusing on planning, immediate actions, restoration, and long-term risk reduction [3][4]. Technological Advancements - Data-driven technologies are crucial for enhancing preparedness and response, with real-time monitoring improving situational awareness and AI supporting predictive analytics [4]. - Key trends include integrated multi-hazard early warning systems, personalized risk assessments, and resilient infrastructure development [4]. Competitive Landscape - The 360 Quadrant evaluates companies based on revenue, geographic presence, growth strategies, and sales strategies, with criteria including product footprint by component, application, end user, and communication system [5]. - Key players in the market include NEC, Hexagon, Nokia, Xylem, Esri, and others, each contributing unique technologies and solutions to disaster management [6][7][8][10]. Market Dynamics - The market is driven by the escalating frequency of climate-related disasters, technological advancements in IoT and AI, and increased government initiatives [12]. - Opportunities exist in the expansion of remote sensing technologies and the development of AI-powered predictive analytics [12]. Company Profiles - NEC Corporation is recognized for integrating AI and IoT in disaster management solutions, enhancing collaboration between governments and enterprises [7]. - Hexagon AB excels in geospatial solutions, supporting effective risk assessment and resource allocation [8][9]. - Nokia provides critical communication infrastructure and drone-based solutions for damage assessment, reinforcing its role in advanced disaster management systems [10].