Nokia shares rose slightly on the Paris Bourse on Tuesday, despite a new warning issued this morning by the Finnish network equipment supplier.

At 10:20 a.m., the stock was up 0.9%, while its sector index, the STOXX Europe 600 Telecommunications, was down nearly 1% at the same time.

On the occasion of its Investor Day this morning, the Group announced that it had abandoned its target of an operating margin of at least 14% by 2026, and was now expecting a figure of over 13%.

According to analysts, this warning should not necessarily lead to a lowering of the earnings estimates set by the market.

"We believe that the market had incorporated most of this downward revision", emphasize the UBS teams, who point out that the consensus was already targeting an operating margin of 13.3% for 2026.

In its press release, Nokia also asserts that it is considering a number of avenues to improve profitability and achieve an operating margin of 14% over the long term.

Last week, the share price fell sharply following the loss of a major contract with US cell phone operator AT&T, which preferred Swedish rival Ericsson.

This morning's pleasant surprise comes from the announcement of a contract with Deutsche Telekom in 'Open RAN' technology, the same field in which Nokia was supplanted last week by Ericsson.

According to Nokia, this agreement marks its 'significant return' to Deutsche Telekom's commercial network.

In another noteworthy announcement, Nokia announced this morning that it had signed an agreement to acquire Fenix Group, an unlisted company specializing in tactical communications for the defense sector.

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