From GlobeNewswire: 2025-01-30 01:00:00

Nokia Corporation reported strong Q4 growth with a 9% increase in net sales year-on-year. The company’s Network Infrastructure, Nokia Technologies, and Cloud and Network Services units all contributed to the growth. The Q4 comparable operating margin increased to 19.1%, resulting in a full-year operating profit of EUR 2.6 billion. The Board proposes a dividend authorization of EUR 0.14 per share for 2024.

Nokia’s business groups, including Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies, all performed well in Q4. Network Infrastructure saw a 17% net sales growth, while Cloud and Network Services returned to 7% net sales growth. Nokia Technologies had an active quarter with new deals signed. The company maintained a strong cash performance throughout 2024, ending the year with a net cash balance of EUR 4.9 billion.

Nokia’s financial outlook for 2025 includes a comparable operating profit between EUR 1.9 billion and 2.4 billion, with a free cash flow conversion target of 50% to 80%. The company also announced its 2026 targets, aiming for net sales growth faster than the market, a comparable operating margin of at least 13%, and a free cash flow conversion of 55% to 85%. Nokia continues to invest in expanding its presence in the data center market and expects improved trends in Network Infrastructure and Cloud and Network Services in 2025.

The Board of Directors proposed a dividend authorization of EUR 0.14 per share for the financial year 2024. Nokia completed a share buyback program in November 2024 and announced a new program targeting to repurchase 150 million shares. The company also provided updates on its pending acquisition of Infinera and the transfer of its Managed Services business from Cloud and Network Services to Mobile Networks.



Read more at GlobeNewswire:: Nokia Corporation Financial Report for Q4 and full year