Nokia shifts strategy to AI infrastructure with new 2028 profit targets
Nokia has unveiled a simplified structure built around AI-focused network infrastructure and legacy mobile activities, backed by new 2028 profit and cash-flow objectives. The group will regroup its assets, isolate non-core units, and sharpen capital allocation between growth and mature businesses.
Published on 11/20/2025
at 11:11 am GMT - Modified on 11/20/2025
at 10:34 am GMT
Nokia Oyj specializes in the design, production and marketing of telecommunications equipment. Net sales break down by activity as follows:
- development of mobile broadband network solutions (40.2%): aimed in particular at telecommunications operators. In addition, the group offers professional services (network planning and optimization, systems integration, installation, implementation and maintenance of telecom networks);
- development of network infrastructure solutions (33.9%): IP routers and optical networking solutions.
- software development (15.7%): software for customer experience management, network operations and management, communication, collaboration and billing, IoT solutions and cloud management platforms;
- development of advanced technology (10%);
- other (0.2%).
Net sales are distributed geographically as follows: Europe (33.1%), North America (28%), India (7.1%), China (5.9%), Asia/Pacific (10.6%), Middle East and Africa (10.6%) and Latin America (4.7%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.