Q4 2024 Financial results 30 January 2025 1 © 2025 Nokia Disclaimer It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements preceded by "believe", "expect", "expectations", "commit", "envisage", "anticipate", "foresee", "see", "target", "estimate", "design ...

Company Performance - Nokia's stock has been underperforming and largely overlooked by investors due to a disappointing decade of stagnation in revenue, despite the broader technology sector experiencing significant growth [1] Industry Context - The technology sector has seen a golden era of growth, but Nokia has failed to capitalize on technological advancements, leading to its revenue stagnation [1] Analyst Perspective - The author, a senior data analyst, focuses on identifying growth opportunities in technology-related sectors and manages a tech-focused portfolio that has consistently outperformed the market [1]

Press Release StarHub and Nokia partner on network APIs to drive 5G and 4G application development in enterprise verticals Working closely with developers, the two companies are targeting new applications for enterprises in banking, finance, ports, online streaming, and the public sector.StarHub’s 5G and 4G networks will connect to Nokia’s Network as Code platform with developer portal to give developers a seamless pathway for creating new applications. 23 January 2025 Espoo, Finland — StarHub, one of Sing ...

Stock Performance - Nokia stock has increased by 37% since January 2024, outperforming the S&P 500 which gained 22% over the same period [1] - Ericsson stock also increased by 36% during the same period [1] - Nokia's annual returns have been volatile: 59% in 2021, -24% in 2022, -24% in 2023, and 34% in 2024 [2] Financial Results - Nokia's Q3 2024 net sales declined 8% y-o-y to €4.3 billion ($4.7 billion), but net income increased 22% to €358 million ($389 million) [1] - Earnings per share were €0.06 ($0.07) [1] - Gross margin improvement and cost management helped mitigate slower sales recovery [1] Regional Sales Dynamics - Sales to the U.S. market declined due to customers working through existing 5G equipment inventory [1] - Sales to India surged significantly due to accelerating 5G deployments [1] Guidance and Valuation - Nokia projects FY 2024 operating profit between €2.3 billion to €2.9 billion ($2.5 billion to $3.2 billion) [3] - Full-year free cash flow is expected to represent 30% to 60% of operating profit [3] - Nokia stock trades at 11x consensus 2025 earnings, compared to Ericsson's 15x forward earnings [4] - The company is valued at $4.52 per share, in line with the current market price of $4.51 [4] Business Diversification - Nokia has seen increased demand in optical networks, IP networks, and submarine networks [4] - The company's presence in the fixed-line space may help handle a potential slowdown in wireless infrastructure spending [4]

Nokia Corporation (NOK) has kicked off 2025 on a positive note by signing a multi-year patent license agreement with Samsung. Samsung, a giant in the consumer electronics industry, has opted to deploy Nokia’s industry-leading video technologies across its world-class TVs. Nokia is set to gain from royalty fees for the agreement. However, the terms and conditions of the deal have been kept confidential.Nokia boasts a leadership position in video and multimedia technologies. Its comprehensive portfolio of mul ...

Press ReleaseNokia signs video technologies license agreement with Samsung License covers the use of Nokia’s video technologies in Samsung’s televisions.Nokia to receive royalty payments from Samsung.The new agreement is separate from the parties’ existing 5G license agreement. 15 January 2025Espoo, Finland – Nokia today announced that it has signed a multi-year patent license agreement with Samsung covering the use of Nokia’s video technologies in Samsung’s televisions. Under the agreement, Samsung will m ...

Nokia Corporation (NOK) recently announced that it has been selected by Openreach to construct its One Network Platform, an open-access fiber network aimed at connecting millions of homes and businesses across the United Kingdom. With this collaboration, Openreach plans to grow its connected premises from 17 million to 25 million by the end of 2026, addressing the increasing need for faster Internet services nationwide.Digging Deep Into NOK-Openreach DealOpenreach’s wholesale broadband network connects arou ...

Press ReleaseNokia and Openreach introduce intent-based networking to build an open-access network, accelerating UK fiber broadband rollout Nokia building open access platform to accelerate fiber broadband services for millions of UK homes and businesses.Unique intent-based model enables Openreach to simplify operations and reduce operations support systems complexity by 85%. Nokia’s network domain controllers allow Openreach to fully automate operations, driving scalability and operational efficiency throu ...

Core Message - Nokia and stc Group achieved a groundbreaking 1Tbps long haul field trial in the Middle East and Africa (MEA) region, setting a new benchmark for data center connectivity [1][4] - The trial utilized Nokia's sixth-generation super-coherent Photonic Service Engine (PSE-6s) technology and stc Group's live Dense Wavelength Division Multiplexing (DWDM) terrestrial network [1][3] - This collaboration aligns with Saudi Vision 2030's digital transformation goals, enhancing Saudi Arabia's digital infrastructure and positioning the kingdom as a global leader in digital innovation [2][4][5] Technology and Performance - The trial successfully transported 6 x 100GE and 1 x 400GE high-speed services over a single wavelength across 850km, demonstrating exceptional scalability and seamless integration [3] - Nokia's Data Center Interconnect (DCI) DWDM solution is designed for advanced energy efficiency, addressing the dynamic needs of AI/cloud services transport [3] - The PSE-6s technology enables high-capacity, efficient, and scalable connectivity, supporting bandwidth-intensive applications such as AI and cloud services [1][7] Strategic Impact - The collaboration lays the groundwork for future-ready network infrastructure, supporting Saudi Arabia's ambitions to expand 5G coverage and promote cloud computing adoption [4] - stc Group's advanced optical infrastructure positions the company to meet future market demands, ensuring rapid and reliable connectivity [2] - The partnership reflects advancements in building a future-ready network, securely supporting massive traffic volumes and aligning with Saudi Vision 2030 objectives [5] Company Profiles - Nokia is a B2B technology innovation leader, pioneering networks that sense, think, and act through mobile, fixed, and cloud networks, with a focus on secure, reliable, and sustainable infrastructure [6][8] - stc Group is a digital enabler offering advanced solutions in digital infrastructure, cloud computing, cybersecurity, IoT, digital payments, and media, with 13 subsidiaries across multiple regions [9] Industry Implications - The trial highlights the potential of advanced optical technology in meeting the growing demand for high-capacity, energy-efficient, and scalable network solutions [1][3] - This achievement supports the broader digital transformation journey in the MEA region, setting a new standard for data center interconnectivity [4][7]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...