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

767.4Cr 904.7Cr 803.7Cr 651.8Cr 798.6Cr

Mobile Networks

971.7Cr 1.07TCr 979.7Cr 772.5Cr 780.6Cr

Cloud and Network Services

308.9Cr 335.1Cr 322Cr 302.2Cr 260.6Cr

Nokia Technologies

150.2Cr 159.5Cr 108.5Cr 192.8Cr 150.1Cr

Group Common and Other

26Cr 30Cr 13Cr 3.4Cr 1.7Cr

Eliminations and Unallocated Items

-3.7Cr -4.8Cr -1.1Cr -70L -2.7Cr

Geographical breakdown of sales: Nokia Oyj

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

North America

- - - 538.1Cr 620.1Cr

Europe

- - - 636.2Cr 616.5Cr

Rest of APAC

- - - 204.2Cr 219.2Cr

Middle East & Africa

- - - 203.3Cr 210Cr

India

102.2Cr 128.3Cr 283.5Cr 137.3Cr 153.4Cr

Greater China

- - - 113.4Cr 91Cr

Latin America

- - - 90Cr 78Cr

France

- - 79Cr - -

Japan

103Cr 90Cr - - -

United States

679.1Cr 794.9Cr 537.3Cr - -

Finland

160.5Cr 169.7Cr 119.2Cr - -

Great Britain

- - 79Cr - -

Other

1.18TCr 1.31TCr 1.13TCr - -

Executive Committee: Nokia Oyj

Manager TitleAgeSince
Chief Executive Officer - 01/04/2025
Director of Finance/CFO 60 01/09/2020
Chief Tech/Sci/R&D Officer 49 01/10/2025
Investor Relations Contact - -
Human Resources Officer 56 01/05/2026

Composition of the Board of Directors: Nokia Oyj

Director TitleAgeSince
Director/Board Member 58 27/05/2020
Director/Board Member 68 05/04/2022
Director/Board Member 41 05/04/2022
Director/Board Member 61 05/04/2022
Director/Board Member 51 04/04/2023
Director/Board Member 61 04/04/2023
Director/Board Member 61 03/04/2024
Director/Board Member 58 29/04/2025
Chairman 60 09/04/2026
Director/Board Member - 09/04/2026

Shareholders: Nokia Oyj

NameStocks%Valuation
Solidium Oy (Investment Company)
5.66 %
32,50,00,000 5.66 % 4 294 M €
2.898 %
16,63,89,351 2.898 % 2 198 M €
2.324 %
13,34,49,635 2.324 % 1 763 M €
Keskinäinen Työeläkevakuutusyhtiö Varma
1.589 %
9,12,66,000 1.589 % 1 206 M €
Keskinäinen Eläkevakuutusyhtiö Ilmarinen
1.38 %
7,92,61,000 1.38 % 1 047 M €
NameStocks%Valuation
Fidelity Management & Research Co. LLC
3.873 %
22,24,03,233 3.873 % 2 954 M €
Artisan Partners Holdings LP
1.59 %
9,12,98,033 1.59 % 1 212 M €
Pzena Investment Management, Inc.
1.105 %
6,34,25,518 1.105 % 842 M €
Arrowstreet Capital LP
0.7289 %
4,18,55,433 0.7289 % 556 M €
Slate Path Capital LP
0.6241 %
3,58,38,802 0.6241 % 476 M €

Holdings: Nokia Oyj

NameStocks%Valuation
13,34,49,6352.32% 1 763 M $
1,02,70,27,0240.95% 157 M $
2,51,55,50265% 90 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
Telecommunications Equipment
Specialty Telecommunications

Other Communications & Networking

Change 5-day change 1-year change 3-year change Capi.($)
-1.09%+0.53%+145.03%+195.82% 6.75TCr
-1.70%+4.62%+75.50%+131.42% 47TCr
-3.11%+4.54%+66.85%+329.75% 23TCr
-4.81%-0.80%+142.62%+154.56% 18TCr
+1.28%+0.83%+662.67%+905.97% 18TCr
-1.14%-1.13%+0.49%+43.09% 6.94TCr
-3.32%+2.68%+472.91%+916.99% 6.31TCr
-4.22%+5.05%+726.06%+1,282.06% 5.98TCr
+0.21%-0.66%+12.82%+126.45% 4.7TCr
-3.66%-1.89%+18.96%-4.85% 4.49TCr
Average -0.57%+2.00%+232.39%+408.13% 14.17TCr
Weighted average by Cap. -0.47%+3.99%+199.30%+343.79%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
10.56EUR
Average target price
10.81EUR
Spread / Average Target
+2.33%

Quarterly revenue - Rate of surprise