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Nokia chair to step down, AI push supports Q4 profit
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The Business Times
Shares of Nokia fell 6 per cent in early Helsinki trading, among the worst performers on Europe’s benchmark Stoxx 600 index.
Her earlier tenure from 1994 to 2005 coincided with Nokia’s rise as a global leader in the mobile phone market.
Fourth-quarter net sales reached 6.12 billion euros, also meeting analysts’ forecast.
Nokia considers this unit to be critical in scaling AI infrastructure, with investments set to support long-term performance, it said.
Nokia said it would keep its dividend payout unchanged from the previous year at up to 14 euro cents per share.REUTERS