Nokia (NOK, Financial) has provided an updated financial outlook for the fiscal year 2025, signaling some challenges ahead. The company anticipates a comparable tax rate of 25% for the year.
Despite the hurdles, Nokia plans to continue its investments in growth initiatives. However, the company disclosed that an unexpected charge is influencing its Mobile Networks segment, potentially hindering the ability to reach the higher end of its projected financial range.
Nokia's guidance for comparable operating profit remains set between EUR 1.9 billion and EUR 2.4 billion. Additionally, the company maintains its projection for free cash flow to be within 50% to 80% of its comparable operating profit.
