Finnish telecom gear group Nokia has today reported preliminary second-quarter sales of €5.7 billion and a comparable operating profit margin of 11%, and lowered its full-year outlook.
Analysts polled by Refinitiv had estimated sales of €6 billion on average.
Nokia said it now saw 2023 sales of €23.2-24.6 billion compared to €24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously.
"The changes are related to Nokia's Network Infrastructure and Mobile Networks business groups," it said.
Nokia is scheduled to publish its full second-quarter earnings report on July 20.
