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ABGSC Telecom Equipment Research ... (+3)
  • ABGSC Telecom Equipment Research
  • Oscar Rönnkvist
  • Simon Granath
 PRESS RELEASE

Inside Information: Nokia lowers 2025 operating profit guidance due to...

Inside Information: Nokia lowers 2025 operating profit guidance due to currency   Nokia CorporationInside information22 July 2025 at 19:00 EESTInside Information: Nokia lowers 2025 operating profit guidance due to currency   Nokia lowers its comparable operating profit guidance range to EUR 1.6 billion to EUR 2.1 billion from EUR 1.9 billion to EUR 2.4 billion.  Adjustment relates to currency headwinds from the weaker USD and tariffs. Reports preliminary Q2 financial results of approximately EUR 4.55 billion net sales and EUR 0.3 billion comparable operating profit.   Espoo, Finland – Nok...

 PRESS RELEASE

Sisäpiiritieto: Nokia alentaa koko vuoden 2025 liikevoiton näkymiään v...

Sisäpiiritieto: Nokia alentaa koko vuoden 2025 liikevoiton näkymiään valuuttakurssien vuoksi  Nokia OyjSisäpiiritieto22.7.2025 klo 19.00Sisäpiiritieto: Nokia alentaa koko vuoden 2025 liikevoiton näkymiään valuuttakurssien vuoksi   Nokia alentaa näkymiään vertailukelpoisen liikevoiton osalta 1,6–2,1 miljardiin euroon. Aikaisempi näkymä oli 1,9–2,4 miljardia euroa. Näkymien alentaminen on seurausta Yhdysvaltain dollarin heikkenemisestä ja tariffien vaikutuksista. Nokia julkaisee alustavia lukuja vuoden 2025 toiselta neljännekseltä: liikevaihto oli noin 4,55 miljardia euroa ja vertailukelpoin...

 PRESS RELEASE

ASML reports transactions under its current share buyback program

ASML reports transactions under its current share buyback program ASML reports transactions under its current share buyback program VELDHOVEN, the Netherlands – ASML Holding N.V. (ASML) reports the following transactions, conducted under ASML's current share buyback program. DateTotal repurchased sharesWeighted average priceTotal repurchased value14-Jul-2518,016€682.42€12,294,50215-Jul-2517,471€703.75€12,295,20916-Jul-25---17-Jul-25---18-Jul-25--- ASML’s current share buyback program was announced on 10 November 2022, and details are available on our website at This regular update of the...

Pierre FerraguÊ
  • Pierre FerraguÊ

H20 ban, TSMC beats, ASML cautious, Auto pull-ins, RAN muted. Our week...

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 4 names we followed last week, follow the link below.

 PRESS RELEASE

Changes in Nokia Corporation's own shares

Changes in Nokia Corporation's own shares Nokia CorporationStock Exchange Release21 July 2025 at 14:00 EESTChanges in Nokia Corporation's own sharesEspoo, Finland – A total of 11 148 Nokia shares (NOKIA) held by the company were transferred today without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plans as announced on 22 November 2024.The number of own shares held by Nokia ...

 PRESS RELEASE

Muutokset Nokia Oyj:n omien osakkeiden omistuksessa

Muutokset Nokia Oyj:n omien osakkeiden omistuksessa Nokia OyjPörssitiedote21.7.2025 klo 14.00Muutokset Nokia Oyj:n omien osakkeiden omistuksessaEspoo – Nokia on tänään luovuttanut 11 148 yhtiön hallussa ollutta Nokian osaketta (NOKIA) vastikkeetta suorituksena Nokian osakepohjaisiin kannustinohjelmiin osallistuneille henkilöille ohjelmien ehtojen mukaisesti. Osakkeiden luovutus perustuu 22.11.2024 julkistettuun hallituksen päätökseen yhtiön hallussa olevien osakkeiden antamisesta ohjelmien mukaisten sitoumusten täyttämiseksi.Nokia Oyj:n hallussa olevien omien osakkeiden lukumäärä luovutukse...

Rolf Bulk
  • Rolf Bulk
Jan Frederik Slijkerman
  • Jan Frederik Slijkerman

ASML sees risks to 2026 growth/AI remains driver of semiconductor indu...

ASML reported solid 1H25 results and confirmed its FY25 and FY30 outlooks. Also, the net bookings were solid in 2Q25 at €5.5bn. However, ASML sees risks from geopolitical uncertainty to FY26 revenues. Nevertheless, ASML has a very strong balance sheet and good growth prospects. We continue to like the ASML notes. Moreover, they offer good value when compared to the notes of Orange in the belly of the curve.

Pierre FerraguÊ
  • Pierre FerraguÊ

Semi cycle update. Much ado about nothing: Tariff and DeepSeek effects...

We publish today our quarterly and extensive review of where fundamentals, expectations, and valuations stand in semis and give our views on how investors should be positioned for the rest of the year. For details, please follow the link below.

Martin Marandon-Carlhian ... (+2)
  • Martin Marandon-Carlhian
  • Stephane Houri
Martin Marandon-Carlhian ... (+2)
  • Martin Marandon-Carlhian
  • Stephane Houri
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