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    Artem Beletski

    Research Analyst at SEB

    Artem Beletski is an Analyst at SEB, specializing in coverage of large multinational technology companies such as Nokia, where he actively participates in earnings calls and provides incisive research on network infrastructure and related technology sectors. His performance is reflected in detailed sector analyses and strategic questions aimed at optical networks and networking growth, though published rankings or investment return metrics are not publicly available. Beletski has built his career at SEB, assuming the analyst role prior to 2025, with no earlier organizations confirmed, and leverages sector expertise to deliver informed commentary and guidance. Details about his professional credentials, such as FINRA registration or securities licenses, are not disclosed in publicly available sources.

    Artem Beletski's questions to NOKIA (NOK) leadership

    Artem Beletski's questions to NOKIA (NOK) leadership • Q1 2025

    Question

    Artem Beletski asked for an outlook on the subdivisions within Network Infrastructure (NI) for the year and requested an update on Mobile Networks' net footprint gains.

    Answer

    President and CEO Justin Hotard prioritized the growth opportunities within NI as Optical, then IP Networks, and finally the more stable Fixed Networks. CFO Marco Wiren added that India is a key driver for Fixed Networks. Regarding Mobile Networks, Marco Wiren stated the business is stabilizing but declined to provide a specific update on footprint gains, deferring to the upcoming Capital Markets Day.

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    Artem Beletski's questions to NOKIA (NOK) leadership • Q4 2024

    Question

    Artem Beletski questioned the growth trajectory for the Network Infrastructure segment, asking for sub-segment detail and if 'strong growth' implies double-digit growth. He also asked about the opportunity in the Nokia Technologies' multimedia space.

    Answer

    CEO Pekka Lundmark confirmed expectations for strong growth in Network Infrastructure, driven by continued momentum in IP and Fixed Networks and a recovery in Optical, but declined to assign a specific number. CFO Marco Wiren and CEO Pekka Lundmark addressed the Technologies question, confirming significant opportunities in new areas like multimedia and automotive. Pekka Lundmark clarified that the 'run rate' metric represents the annualized contract base, which is distinct from one-time catch-up payments that can boost quarterly revenue.

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