Nokia falls as new long term goals disappoint

Nokia Oyj

19/11/2025 12:51

** Shares in Nokia NOKIA.HE fall 6% after the Finnish telecoms equipment maker's new long-term financial targets missed market expectations

** Nokia now aims at an annual comparable operating profit of 2.7 billion euros-3.2 billion euros ($3.13 billion-$3.71 billion) by 2028

** "Market expectations were higher after strong share price increase", Inderes analyst Atte Riikola says, adding that AI may now not be a boost as big for Nokia as some investors had hoped

**  Nokia also targets a 10-12% a growth in net sales CAGR for its IP/Optical Networks business, which Riikola says "is quite modest" given the hype around AI and data centres

** Nokia shares among top fallers on STOXX 600 .STOXX in the afternoon trade, set for worst day since July

($1 = 0.8633 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))