Nokia profit misses forecast, expects stronger second half

New Nokia's logo is displayed before GSMA's 2023 ahead of the Mobile World Congress (MWC) in Barcelona, Spain February 26, 2023. REUTERS/ Albert Gea

STOCKHOLM: Nokia on Thursday reported operating profit below market expectations for the first quarter and the Finnish company said it was seeing signs of customer spending slowing down.

However, it kept its full-year outlook unchanged and said it expects profitability in the second half of the year to be stronger than the first half.