Nokia Corporation (NOK) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Nokia Oyj.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.676 that could cause such differences can be both external as well as internal operating 00:00:03.676 -- 00:00:08.702 factors. We have identified such risks in the risk factor section of our annual report 00:00:08.702 -- 00:00:12.948 on Form 20F, which is available on our investor relations website. 00:00:12.948 -- 00:00:17.133 Within today's presentation, references to growth rates will mostly be on a constant 00:00:17.133 -- 00:00:21.859 currency and portfolio basis, and other financial items will be based on our comparable 00:00:21.859 -- 00:00:27.326 reporting. Please note that our Q2 report and a presentation that accompanies this call 00:00:27.326 -- 00:00:32.053 are published on our website. The report includes both reported and comparable financial 00:00:32.053 -- 00:00:34.817 results and reconciliation between the two. 00:00:34.817 -- 00:00:38.923 In terms of the agenda for today, Justin will go through our key messages from the quarter, 00:00:38.923 -- 00:00:42.848 and then Marco will go through the financial performance, and we'll then move to Q&A. 00:00:42.848 -- 00:00:45.852 With that, let me hand over to Justin. 00:00:45.852 -- 00:00:50.960 Thanks, David, and good morning. During my first quarter as president and CEO, I've 00:00:50.960 -- 00:00:53.879 spent significant time engaging with our stakeholders. 00:00:53.879 -- 00:00:56.343 and it has left me with two conclusions. 00:00:56.343 -- 00:01:00.450 First, I have increased optimism about our future opportunity. 00:01:00.450 -- 00:01:04.176 It is clear to me that connectivity will be a critical differentiator in the AI super 00:01:04.176 -- 00:01:10.026 cycle. That is true not only for the hyperscalers where it's visible today, 00:01:10.026 -- 00:01:15.134 but also for ...