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    Emil ImmonenDNB Carnegie Investment Bank AB

    Emil Immonen's questions to Nokia Oyj (NOK) leadership

    Emil Immonen's questions to Nokia Oyj (NOK) leadership • Q2 2025

    Question

    Emil Immonen of Carnegie asked for details on the order book for Network Infrastructure and what is needed for the Mobile Networks segment to return to revenue growth.

    Answer

    President & CEO Justin Hotard noted that the overall group book-to-bill was well above one, as was Optical Networks specifically, indicating a healthy funnel. For Mobile Networks, he stated that in a currently flat market, the focus is on preserving market share while looking for opportunities to gain share, with long-term growth tied to future investment cycles.

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    Emil Immonen's questions to Nokia Oyj (NOK) leadership • Q2 2025

    Question

    Emil Immonen from Carnegie Investment Bank AB asked for details on the order book for Network Infrastructure and what is needed for the Mobile Networks segment to return to revenue growth.

    Answer

    President & CEO Justin Hotard stated that the group's book-to-bill was well above one, with Optical Networks being particularly strong, indicating a healthy funnel. For Mobile Networks, he noted the addressable market is largely flat, so the current focus is on preserving market share while looking for targeted opportunities to gain share.

    Ask Fintool Equity Research AI