In Markkinaraati, experts gathered to evaluate the challenges faced by Nokia, the network equipment company. Despite exceeding expectations, the past year was a significant disappointment for the company. Portfolio manager Juuso Kenkila presented a positive but pessimistic outlook at the Market Council a year ago, expressing his frustration with being negative on Nokia year after year.
Kenkkila believes that Nokia’s future still looks difficult, while Sari Lounasmeri, CEO of the Stock Exchange Foundation, thinks that the company’s problem lies in sales and networking. The billion-dollar contract that Nokia lost to Ericsson in December in the United States was mentioned as a significant factor in their struggles. Experts also discussed the possibility of a buyout arrangement at Nokia, with Inderes analyst Ate Riikola suggesting that part or parts of Nokia should be sold.
The market council also considered the effects of the recession on the earnings season and the spring of dividends. Experts discussed the rally on the Helsinki Stock Exchange that started last fall, with portfolio manager Juuso Kenkila, CEO Sari Lounasmeri and analyst Atte Riikola sharing their insights. Atte Riikola expressed the need for Nokia to achieve reasonable profitability and the challenges involved in doing so. Experts also discussed difficulties and potential solutions for Nokia’s mobile phone networks, where market growth is not happening as quickly as expected. The broadcast was hosted by Mina Karkkola, a journalist from Uuu Suomen.