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Guidance
| 22 July 2026 Guidance increase | 22 April 2026 Annual Report 2025 | 23 April 2025 Annual Report 2024 | |
|---|---|---|---|
| Guidance 2026 | EURm | EURm | EURm |
| Group revenue base scenario | 260-280 | 260-280 | 170-190 |
| Group revenue high scenario | 290-310 | 290-310 | 180-200 |
| EBITDA base scenario | 355-375 | 290-310 | 115-135 |
| EBITDA high scenario | 385-405 | 320-340 | 125-145 |
| 22 April 2026 Annual report 2025 | |||
|---|---|---|---|
| Guidance 2027 | EURm | ||
| Group revenue base scenario | 280-300 | ||
| Group revenue high scenario | 310-330 | ||
| EBITDA base scenario | 210-230 | ||
| EBITDA high scenario | 230-250 |
Guidance assumptions
22 April 2026 | 23 April 2025 | |
|---|---|---|
| Base scenario 2026 & 2027 | High scenario 2026 & 2027 | Scenario 2026 |
| Oil: 75 USD/BBL | Oil: 85 USD/BBL | Oil: 60-70 USD/BBL |
| Gas: 3.50 USD/MMBTU | Gas: 4.00 USD/MMBTU | Gas: 3 USD/MMBTU |
| EUR/USD: 1.15 | EUR/USD: 1.15 | EUR/USD: 1.10 |