Nokia has established collaboration agreements with 12 network operators and ecosystem partners worldwide to use its Network as Code platform. This expansion marks a significant step in Nokia's strategy to drive network programmability and monetization, validating its commitment to supporting customers in maximizing network asset value. Nokia Corporation (NOK) and Orange S.A. (ORAN) have extended their long-term partnership to enhance network programmability and monetization across Europe. Central to this c ...

Acquisition and Strategic Integration - Nokia Corporation recently closed the acquisition of Fenix Group, a prominent provider of tactical communication products, to bolster its commercial prospects in the U.S. defense sector [1] - The integration of Fenix's products, including the Banshee family and Talon MANET radios, will strengthen Nokia's portfolio, enabling it to offer an extensive suite of 3GPP-based solutions to defense clients [2] - The acquisition aligns with Nokia's strategic move to capitalize on the increasing pace of defense modernization in the U.S. and other nations due to rising geopolitical volatility [4] Technological Advancements and Market Positioning - Nokia's end-to-end portfolio, including its high-capacity AirScale products, positions the company well for the ongoing technology cycle, enabling customers to upgrade to 5G quickly [5] - The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing, and optical networks [5] - Nokia aims to expand its business into high-growth and high-margin vertical markets, offering demand-driven operations with easy programmability and flexible automation [6] Industry and Competitive Landscape - The stock has gained 0.2% in the past year, significantly underperforming compared to the industry's growth of 53.9% [7] - NVIDIA Corporation, a leader in visual computing technologies, has delivered a trailing four-quarter earnings surprise of 18.43% on average, with a Zacks Rank 1 (Strong Buy) [8][9] - Arista Networks, Inc. is likely to benefit from strong momentum and diversification across its top verticals and product lines, with a long-term earnings growth expectation of 15.68% [10][11] - Silicon Motion Technology Corporation, a leading developer of microcontroller ICs for NAND flash storage devices, has delivered a trailing four-quarter average earnings surprise of 4.72% [11][12]

Press Release Espoo, Finland – Nokia today announced the successful completion of its acquisition of Fenix Group, a privately held company that specializes in tactical communications solutions for the defense communities. The acquisition, originally announced in December 2023, strengthens Nokia's position in the defense sector by adding Fenix's innovative broadband tactical communications products, including the industry-leading Banshee family and Talon MANET radios, to its existing solutions portfolio. Thi ...

Press Release Nokia and Export-Import bank memorandum of understanding on U.S. jobs, investment 21 May 2024 Washington D.C. – Nokia today announced the execution of a Framework Agreement with the Export Import bank to provide financing vehicles to partners of the company. The agreement is aimed at driving greater adoption and development of emerging wireless technologies, including 5G and subsequent wireless technologies that will continue to keep the U.S. and its partners at the forefront of emerging capab ...

Financial Performance - Nokia's net sales for 2023 were EUR 22.3 billion, a decline from EUR 24.9 billion in 2022, representing a decrease of approximately 10.5%[18] - The gross profit for 2023 was EUR 8.7 billion, with a gross margin of 39.0%, down from 41.0% in 2022[18] - Operating profit decreased to EUR 1.7 billion, resulting in an operating margin of 7.6%, compared to 9.3% in the previous year[18] - Profit for the year was EUR 674 million, significantly lower than EUR 4.2 billion in 2022[18] - The proposed dividend per share for 2023 is EUR 0.13, an increase from EUR 0.12 in 2022[18] Market and Sales Trends - Nokia Technologies reported a segment net sales decline of 32% with an operating margin decrease of 810 basis points[38] - The estimated total addressable market (TAM) for communications service providers (CSPs) declined by 6% to EUR 96 billion from 2022 to 2023, with expectations of only moderate growth at a 1% CAGR until 2028[67][68] - The enterprise estimated TAM grew by 7% to EUR 16 billion from 2022 to 2023, with a forecasted strong growth at a 7% CAGR until 2028[72] - Network Infrastructure's net sales were negatively impacted by market uncertainty, but profitability remained robust with strong order intake, particularly for IP Networks from webscale customers[43] - Mobile Networks experienced a full-year net sales decline, but increased its 5G market share significantly and continued to grow in private wireless, with new high-performance massive MIMO radios added to its portfolio[44] Innovation and R&D - Nokia's R&D investment since 2000 has reached approximately EUR 150 billion, with over 6,000 patent families declared essential to the 5G standard[25] - Nokia's innovation efforts are led by Nokia Bell Labs, which made breakthroughs in optical networking and 6G, and the company is working with venture partners to commercialize these innovations[59][61] - In 2023, Nokia Bell Labs set four new world records for submarine optical communications and optical networks[105] - Nokia is leading the Hexa-X-II initiative for 6G research and launched a 6G Lab in India[103] - The company is focused on developing new standard-essential patents (SEPs) to shape future technologies and strengthen its IPR portfolio[111] Strategic Initiatives - The company initiated a share buyback program to return up to EUR 600 million to shareholders over the next two years[41] - Nokia announced the acquisition of Fenix Group to strengthen its offerings in the defense sector in the United States[48] - Nokia aims to lower its cost base by EUR 800 million to EUR 1,200 million by the end of 2026 to protect profitability amid ongoing market uncertainty[57] Sustainability and ESG Efforts - The company made significant progress in developing its environmental, social, and governance (ESG) strengths, receiving a top ranking in Sustainalytics' 2023 ESG Top-Rated Companies list[51] - The company aims to cut greenhouse gas emissions across its value chain by 50% by 2030, with factories on track to achieve 100% renewable electricity by 2025[190] - The company conducted a significant increase in supplier audits in 2023 to ensure compliance with labor rights, health and safety, and environmental standards[189] - The company introduced recycled material content targets for mechanical suppliers as part of its circularity program[191] - The company redesigned a key intercontinental logistics route with DHL Global Forwarding, achieving a 68% reduction in transport carbon emissions[193] Supply Chain and Manufacturing - The company purchased over EUR 13 billion worth of products and services from around 10,000 different suppliers in 2023[180] - Nokia's manufacturing network consists of 18% owned manufacturing and 82% contract manufacturing partners, strategically located to minimize risks[186] - The company is committed to enhancing resilience and sustainability across its supply chain to effectively address arising challenges[194] - The company is piloting fiber-based solutions to replace plastic in repair centers, aiming for wider implementation[192] - As of December 31, 2023, the company's net productive capacity across various manufacturing sites includes 13,500 m² in Suzhou, China, and 10,000 m² in Oulu, Finland[195]

Nokia Annual Report on Form 20-F 2023 As filed with the Securities and Exchange Commission on 29 February 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2023 Commission file number 1-13202 Nokia Corporation (Exact name of Registrant as specified in its charter) Republic of Finland (Jurisdiction of incorporation) Karakaari 7 FI-02610 Espoo , Finland ...

Nokia presents financial information on reported, comparable and constant currency basis. Comparable measures presented in this document exclude intangible asset amortization and other purchase price fair value adjustments, goodwill impairments, restructuring related charges and certain other items affecting comparability. In order to allow full visibility on determining comparable results, information on items affecting comparability is presented separately for each of the components of profit or loss. Con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated October 19, 2023 (Commission File No. 1-13202) Nokia Corporation Karakaari 7 FI-02610 Espoo Finland (Translation of the registrant's name into English and address of registrant's principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cove ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a -16 or 15d -16 of the Securities Exchange Act of 1934 Report on Form 6-K dated June 30, 2023 (Commission File No. 1-13202) Finland (Name and address of registrant's principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F: x Form 40-F: ¨ Indicate by check mark if the registrant is submittin ...

Table of Contents As filed with the Securities and Exchange Commission on 2 March 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2022 Commission file number 1-13202 Nokia Corporation (Exact name of Registrant as specified in its charter) Washington, D.C. 20549 Republic of Finland (Jurisdiction of incorporation) FORM 20-F Karakaari 7 FI-02610 Espoo, Finland (Address of principal executive offices) ANNUAL REPORT PURSUANT TO SECTION 1 ...