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 network infrastructure solutions (40.1%): IP routers and optical networking solutions;

- development of mobile broadband network solutions (39.2%): 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);

- software development (13.1%): software for customer experience management, network operations and management, communication, collaboration and billing, IoT solutions and cloud management platforms;

- development of advanced technology (7.6%).

Net sales are distributed geographically as follows: Europe (31%), North America (31.2%), India (7.7%), China (4.6%), Asia/Pacific (11%), Middle East and Africa (10.6%), and Latin America (3.9%).

Number of employees: 78,005

Sales by Activity: Nokia Oyj

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Network Infrastructure

7.67B 9.05B 8.04B 6.52B 7.99B

Mobile Networks

9.72B 10.67B 9.8B 7.72B 7.81B

Cloud and Network Services

3.09B 3.35B 3.22B 3.02B 2.61B

Nokia Technologies

1.5B 1.6B 1.08B 1.93B 1.5B

Group Common and Other

257M 295M 130M 34M 17M

Eliminations and Unallocated Items

-37M -48M -11M -7M -27M

Geographical breakdown of sales: Nokia Oyj

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

North America

- - - 5.38B 6.2B

Europe

- - - 6.36B 6.16B

Rest of APAC

- - - 2.04B 2.19B

Middle East & Africa

- - - 2.03B 2.1B

India

1.02B 1.28B 2.84B 1.37B 1.53B

Greater China

- - - 1.13B 913M

Latin America

- - - 895M 784M

France

- - 792M - -

Japan

1.03B 904M - - -

United States

6.79B 7.95B 5.37B - -

Finland

1.6B 1.7B 1.19B - -

Great Britain

- - 786M - -

Other

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 58 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
Fidelity Management & Research Co. LLC
2.878 %
165,279,651 2.878 % 1 063 M €
Artisan Partners Holdings LP
1.732 %
99,477,170 1.732 % 640 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
0.5866 %
33,686,602 0.5866 % 217 M €

Holdings: Nokia Oyj

NameEquities%Valuation
139,291,855 2.43% 1 066 M $
1,027,027,024 0.95% 120 M $
25,155,502 65% 79 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
Wireless Telecommunications
Wireless Telecommunications
Telecommunications Equipment

Other Communications & Networking

Change 5d. change 1-year change 3-years change Capi.($)
+2.63%+2.50%+43.37%+53.11% 43.44B
+3.20%-0.14%+27.05%+62.38% 301B
+2.10%+12.72%+81.09%+283.60% 172B
-2.83%-4.93%+152.95%+373.45% 152B
+3.99%-4.13%+435.02%+2,124.22% 84.62B
+0.75%-3.93%+10.99%+76.43% 75.88B
-0.60%-3.62%+12.22%+154.24% 46.7B
+3.29%+1.95%+158.27%+193.51% 45.54B
+7.28%+3.22%+424.63%+594.10% 45.04B
+0.51%+0.51%-6.67%-18.27% 41.35B
Average +2.10%-2.53%+133.89%+389.68% 100.77B
Weighted average by Cap. +1.93%-1.93%+110.64%+351.50%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
6.688EUR
Average target price
5.997EUR
Spread / Average Target
-10.34%

Quarterly revenue - Rate of surprise

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