Business description: Nokia Oyj

Nokia Oyj specializes in the design, production and marketing of telecommunications equipment. Net sales break down by activity as follows:

- development of mobile broadband network solutions (40.2%): aimed in particular at telecommunications operators. In addition, the group offers professional services (network planning and optimization, systems integration, installation, implementation and maintenance of telecom networks);

- development of network infrastructure solutions (33.9%): IP routers and optical networking solutions.

- software development (15.7%): software for customer experience management, network operations and management, communication, collaboration and billing, IoT solutions and cloud management platforms;

- development of advanced technology (10%);

- other (0.2%).

Net sales are distributed geographically as follows: Europe (33.1%), North America (28%), India (7.1%), China (5.9%), Asia/Pacific (10.6%), Middle East and Africa (10.6%) and Latin America (4.7%).

Number of employees: 78,434

Sales by Activity: Nokia Oyj

Fiscal Period: December 2020 (EUR) 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR)

Mobile Networks

- 9.72B 10.67B 9.8B 7.72B

Network Infrastructure

- 7.67B 9.05B 8.04B 6.52B

Networks

16.85B - - - -

Cloud and Network Services

- 3.09B 3.35B 3.22B 3.02B

Nokia Software

2.66B - - - -

Nokia Technologies

1.4B 1.5B 1.6B 1.08B 1.93B

Group Common and Other

982M 257M 295M 130M 34M

Unallocated Items

-2M - - - -

Eliminations

-38M - - - -

Eliminations and Unallocated Items

- -37M -48M -11M -7M

Geographical breakdown of sales: Nokia Oyj

Fiscal Period: December 2020 (EUR) 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR)

Europe

- - - - 6.36B

North America

- - - - 5.38B

Rest of APAC

- - - - 2.04B

Middle East & Africa

- - - - 2.03B

India

944M 1.02B 1.28B 2.84B 1.37B

China

906M - - - 1.13B

Latin America

- - - - 895M

France

1.44B - - 792M -

Japan

- 1.03B 904M - -

United States

6.75B 6.79B 7.95B 5.37B -

Finland

1.48B 1.6B 1.7B 1.19B -

Great Britain

- - - 786M -

Other

10.33B 11.75B 13.08B 11.28B -

Executive Committee: Nokia Oyj

Manager TitleAgeSince
Chief Executive Officer - 2025-03-31
Director of Finance/CFO 60 2020-08-31
Chief Tech/Sci/R&D Officer 49 2025-09-30
Investor Relations Contact - -
Corporate Officer/Principal 57 -

Composition of the Board of Directors: Nokia Oyj

Director TitleAgeSince
Chairman 70 2020-05-26
Director/Board Member 58 2020-05-26
Director/Board Member 68 2022-04-04
Director/Board Member 41 2022-04-04
Director/Board Member 61 2022-04-04
Director/Board Member 51 2023-04-03
Director/Board Member 61 2023-04-03
Director/Board Member 61 2024-04-02
Director/Board Member 59 2025-04-28
Director/Board Member 59 2025-04-28

Shareholders: Nokia Oyj

NameEquities%Valuation
Solidium Oy (Investment Company)
5.66 %
325,000,000 5.66 % 2 097 M €
2.898 %
166,389,351 2.898 % 1 074 M €
2.426 %
139,291,855 2.426 % 899 M €
Keskinäinen Työeläkevakuutusyhtiö Varma
1.363 %
78,265,945 1.363 % 505 M €
Keskinäinen Eläkevakuutusyhtiö Ilmarinen
1.301 %
74,684,701 1.301 % 482 M €
NameEquities%Valuation
Artisan Partners Holdings LP
1.863 %
106,986,160 1.863 % 688 M €
Fidelity Management & Research Co. LLC
1.65 %
94,725,157 1.65 % 609 M €
Pzena Investment Management, Inc.
1.601 %
91,942,507 1.601 % 591 M €
Arrowstreet Capital LP
0.8241 %
47,321,058 0.8241 % 304 M €
Slate Path Capital LP
0.6424 %
36,887,202 0.6424 % 237 M €

Holdings: Nokia Oyj

NameEquities%Valuation
139,291,855 2.43% 899 M $
1,027,027,024 0.95% 125 M $
25,155,502 65% 80 M $

Company details: Nokia Oyj

Nokia Oyj

Karakaari 7

02610, Espoo

+358 1044 88000

http://www.nokia.com
address Nokia Oyj(NOKIA)

Group companies: Nokia Oyj

NameCategory and Sector
Alcatel Lucent Slovakia AS
Telecommunications Equipment

Other Communications & Networking

Change 5d. change 1-year change 3-years change Capi.($)
+0.91%+0.70%+25.48%+34.96% 39.6B
0.00%-10.94%+18.47%+51.37% 304B
+0.70%-0.61%+33.41%+312.59% 178B
-1.05%-2.35%+139.08%+463.85% 157B
+0.67%-4.45%+359.50%+2,129.09% 85.41B
-0.87%+9.07%+4.48%+69.91% 76.49B
-3.40%-3.19%+103.84%+146.03% 43.58B
-0.34%-1.46%+2.53%-11.31% 42.96B
-0.52%+1.22%+236.67%+533.15% 42.81B
+1.04%+4.11%+2.05%+123.67% 41.3B
Average -0.29%+2.51%+92.55%+385.33% 101.15B
Weighted average by Cap. -0.15%-1.46%+79.45%+362.56%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
6.016EUR
Average target price
5.792EUR
Spread / Average Target
-3.73%

Quarterly revenue - Rate of surprise