Nokia Reports Strong Q4 2024 Earnings Performance

Nokia ( (NOK) ) has released its Q4 earnings. Here is a breakdown of the information Nokia presented to its investors.

Nokia is a global leader in telecommunications and networking equipment, renowned for its innovations in network infrastructure, cloud services, and technology solutions. The company operates across various sectors, including mobile networks and technology licensing, with a strong presence in Europe and North America.

In its latest earnings report for the final quarter of 2024, Nokia demonstrated robust financial performance with a notable recovery in demand driving growth and profitability. The company reported a 9% increase in revenue, excluding currency effects, with significant contributions from its network infrastructure and technology business segments.

Key financial metrics highlighted in the report include a comparable gross margin increase to 47.2%, and a comparable operating margin rise to 19.1%, driven primarily by the technology business’s improved performance. Nokia’s net cash position also strengthened, reaching €4.9 billion, despite a decline in annual revenue by 9% due to market challenges in India. The board proposed a dividend increase to €0.14 per share.

Nokia’s strategic developments included significant contract wins in its mobile networks division and growth in cloud and network services, bolstered by acquisitions like Rapid’s technology operations. The technology segment saw unprecedented growth, with new licensing agreements expanding its revenue base.

Looking forward, Nokia’s management remains optimistic about 2025, anticipating substantial improvements in comparable operating profit and free cash flow, excluding one-time impacts from 2024. The company aims to leverage its strong market position and strategic investments to drive sustained growth and profitability in the coming years.