Nokia statistics at a glance
Nokia’s latest reported figures show a company with sizable cash, a broad regional footprint, and a mix of growth pockets and margin pressure across its segments. The most useful way to read Nokia statistics is to connect the company-level results with the segment, geography, and supply-chain details that sit underneath them.
Fast facts
- Q4 2024 net sales were EUR 6.0 billion (Nokia Q4 2024 factsheet).
- Q4 2024 comparable gross margin was 47.2% (Nokia Q4 2024 factsheet).
- Q4 2024 comparable operating margin was 19.1% (Nokia Q4 2024 factsheet).
- Q4 2024 comparable diluted EPS was EUR 0.18 (Nokia Q4 2024 factsheet).
- Q4 2024 net cash and interest-bearing financial investments were EUR 4.9 billion (Nokia Q4 2024 factsheet).
- Full-year 2024 reported revenue was EUR 19.220 billion (Nokia Q4 2024 and full-year 2024 financial report).
- Full-year 2024 free cash flow was EUR 2.0 billion (Nokia Q4 2024 and full-year 2024 financial report).
- Nokia’s 2025 guidance called for comparable operating profit of EUR 1.9 billion to EUR 2.4 billion (Nokia Q4 2024 and full-year 2024 financial report).
Contents
- Quarterly performance
- Regional sales mix
- Customer and business mix
- Segment snapshot
- Cash, earnings, and capital return
- 2024 full-year context
- Supply chain, emissions, and sourcing
- R&D and patent scale
- Why the numbers matter
Quarterly performance
The clearest headline in Nokia statistics is that the company ended 2024 with a strong Q4 sales base and healthy profitability metrics. Q4 2024 net sales reached EUR 6.0 billion, while comparable gross margin came in at 47.2% and comparable operating margin at 19.1% (Nokia Q4 2024 factsheet). Those margins matter because they show the mix of product, services, and licensing revenue can still support solid earnings quality even when the top line is under pressure at the full-year level.
A second signal is balance sheet strength. Nokia reported net cash and interest-bearing financial investments of EUR 4.9 billion in Q4 2024 and total cash and interest-bearing financial investments of EUR 8.7 billion (Nokia Q4 2024 factsheet). That spread suggests Nokia was carrying meaningful liquidity beyond the net cash position alone. For readers scanning Nokia statistics for resilience, this is one of the most important indicators in the dataset.
Q4 2024 headline table
| Metric | Q4 2024 figure | Source label |
|---|---|---|
| Net sales | EUR 6.0 billion | Nokia Q4 2024 factsheet |
| Comparable gross margin | 47.2% | Nokia Q4 2024 factsheet |
| Comparable operating margin | 19.1% | Nokia Q4 2024 factsheet |
| Comparable diluted EPS | EUR 0.18 | Nokia Q4 2024 factsheet |
| Net cash and interest-bearing financial investments | EUR 4.9 billion | Nokia Q4 2024 factsheet |
| Total cash and interest-bearing financial investments | EUR 8.7 billion | Nokia Q4 2024 factsheet |
How to read the quarter
- The sales base is large enough that small percentage shifts can move hundreds of millions of euros.
- The margin profile in Q4 2024 is stronger than the full-year average implied by the annual revenue and profit mix.
- The cash position gives Nokia flexibility even as it invests in product development, manufacturing, and portfolio support.
Regional sales mix
Nokia’s geography data shows that demand is spread across multiple regions rather than concentrated in a single market. That matters because region-level growth can offset weakness elsewhere and also reveal where the company is seeing the strongest commercial momentum.
North America was the largest regional contributor in the data provided, with Q4 2024 net sales of EUR 1.791 billion and constant-currency growth of 16% (Nokia Q4 2024 factsheet). Europe was close behind at EUR 1.797 billion, with constant-currency growth of 17% (Nokia Q4 2024 factsheet). Those two regions together form the anchor of the quarter’s geographic mix.
India also stood out with EUR 463 million in net sales and constant-currency growth of 20% (Nokia Q4 2024 factsheet). By contrast, Latin America posted EUR 287 million and constant-currency growth of -10%, while Middle East & Africa posted EUR 633 million and constant-currency growth of -4% (Nokia Q4 2024 factsheet). Greater China was flat at EUR 339 million and 0% constant-currency growth, and Rest of APAC reached EUR 674 million with -2% growth (Nokia Q4 2024 factsheet).
Regional comparison table
| Region | Q4 2024 net sales | Constant-currency growth | Source label |
|---|---|---|---|
| North America | EUR 1.791 billion | 16% | Nokia Q4 2024 factsheet |
| Europe | EUR 1.797 billion | 17% | Nokia Q4 2024 factsheet |
| Rest of APAC | EUR 674 million | -2% | Nokia Q4 2024 factsheet |
| Middle East & Africa | EUR 633 million | -4% | Nokia Q4 2024 factsheet |
| India | EUR 463 million | 20% | Nokia Q4 2024 factsheet |
| Greater China | EUR 339 million | 0% | Nokia Q4 2024 factsheet |
| Latin America | EUR 287 million | -10% | Nokia Q4 2024 factsheet |
What stands out regionally
- Europe and North America were the largest regional contributors and both grew at a double-digit constant-currency pace in Q4 2024 (Nokia Q4 2024 factsheet).
- India was smaller in absolute revenue but posted the fastest growth rate in the regional data shown here (Nokia Q4 2024 factsheet).
- Latin America and Middle East & Africa were the softest regions in this set, both negative on a constant-currency basis (Nokia Q4 2024 factsheet).
Customer and business mix
The customer mix gives a second angle on Nokia statistics. Instead of only asking where the company sold, it helps to ask who bought and through which commercial channel.
Communications service providers were the main customer group in Q4 2024, with net sales of EUR 4.828 billion and constant-currency growth of 8% (Nokia Q4 2024 factsheet). Enterprise customers contributed EUR 689 million and -5% growth, while licensees contributed EUR 463 million and 85% growth (Nokia Q4 2024 factsheet). Other customers accounted for just EUR 4 million and -85% growth (Nokia Q4 2024 factsheet).
That mix shows a business that still depends heavily on telecom operators, but with licensing acting as a high-growth contributor in the quarter. The licensee number is especially notable because it aligns with the separate Nokia Technologies revenue line later in the dataset.
Customer mix table
| Customer group | Q4 2024 net sales | Constant-currency growth | Source label |
|---|---|---|---|
| Communications service providers | EUR 4.828 billion | 8% | Nokia Q4 2024 factsheet |
| Enterprise customers | EUR 689 million | -5% | Nokia Q4 2024 factsheet |
| Licensees | EUR 463 million | 85% | Nokia Q4 2024 factsheet |
| Other customers | EUR 4 million | -85% | Nokia Q4 2024 factsheet |
Why the mix matters
- The communications service provider base remains the core revenue engine (Nokia Q4 2024 factsheet).
- Enterprise is meaningful but smaller, so its trend matters more for diversification than for total size (Nokia Q4 2024 factsheet).
- Licensing growth can provide a very different earnings profile from hardware-heavy lines (Nokia Q4 2024 factsheet).
Segment snapshot
Segment-level Nokia statistics show where growth and profitability were concentrated in Q4 2024. The company reported EUR 2.031 billion of net sales for Network Infrastructure, EUR 2.431 billion for Mobile Networks, EUR 1.054 billion for Cloud and Network Services, EUR 463 million for Nokia Technologies, and EUR 6 million for Group Common and Other (Nokia Q4 2024 factsheet).
Network Infrastructure posted 17% constant-currency growth and a 19.6% operating margin (Nokia Q4 2024 factsheet). Mobile Networks posted -2% constant-currency growth and a 7.7% operating margin (Nokia Q4 2024 factsheet). Cloud and Network Services posted 7% constant-currency growth and a 22.4% operating margin (Nokia Q4 2024 factsheet). Nokia Technologies posted 85% constant-currency growth and a 76.9% operating margin (Nokia Q4 2024 factsheet).
Segment table
| Segment | Q4 2024 net sales | Constant-currency growth | Operating margin | Source label |
|---|---|---|---|---|
| Network Infrastructure | EUR 2.031 billion | 17% | 19.6% | Nokia Q4 2024 factsheet |
| Mobile Networks | EUR 2.431 billion | -2% | 7.7% | Nokia Q4 2024 factsheet |
| Cloud and Network Services | EUR 1.054 billion | 7% | 22.4% | Nokia Q4 2024 factsheet |
| Nokia Technologies | EUR 463 million | 85% | 76.9% | Nokia Q4 2024 factsheet |
| Group Common and Other | EUR 6 million | -76% | not stated in the dataset | Nokia Q4 2024 factsheet |
Segment interpretation
- Network Infrastructure combines scale and healthy profitability, making it one of the cleaner growth-and-margin combinations in the set (Nokia Q4 2024 factsheet).
- Mobile Networks is the largest segment by sales in the table, but it trails the others on operating margin and was slightly negative on constant-currency growth (Nokia Q4 2024 factsheet).
- Cloud and Network Services pairs solid growth with a stronger margin than Network Infrastructure in Q4 2024 (Nokia Q4 2024 factsheet).
- Nokia Technologies is the standout for both growth rate and margin, which is what you would expect from a high-margin licensing stream (Nokia Q4 2024 factsheet).
Cash, earnings, and capital return
Nokia’s earnings and cash profile are a major part of the story. In Q4 2024, the company posted comparable diluted EPS of EUR 0.18 (Nokia Q4 2024 factsheet). For full-year 2024, reported diluted EPS was EUR 0.23 and comparable diluted EPS was EUR 0.39 (Nokia Q4 2024 and full-year 2024 financial report). Those two EPS measures are not the same thing, but together they show the difference between reported results and the company-adjusted earnings view.
Free cash flow also matters here. Nokia reported EUR 2.0 billion of free cash flow for full-year 2024, and EUR 0.6 billion in Q3 2024 alone (Nokia Q4 2024 and full-year 2024 financial report; Nokia Q3 2024 interim report). The company also said shareholders received EUR 1.4 billion through dividends and share buybacks during 2024 (Nokia Q4 2024 and full-year 2024 financial report). The 2024 dividend proposal was EUR 0.14 per share (Nokia Q4 2024 and full-year 2024 financial report).
Cash and returns snapshot
- Q1 2024 free cash flow was almost EUR 1.0 billion (Nokia Q1 2024 interim report).
- Q2 2024 free cash flow was EUR 0.4 billion (Nokia Q2 2024 half-year report).
- Q3 2024 free cash flow was EUR 0.6 billion (Nokia Q3 2024 interim report).
- Full-year 2024 free cash flow was EUR 2.0 billion (Nokia Q4 2024 and full-year 2024 financial report).
That sequence shows Nokia was able to keep cash generation positive across the year, even while revenue was trending lower than the prior year. The net cash figures of EUR 5.1 billion in Q1, EUR 5.5 billion in Q2, and EUR 5.5 billion in Q3 also point to a balance sheet that remained well funded during the year (Nokia Q1 2024 interim report; Nokia Q2 2024 half-year report; Nokia Q3 2024 interim report).
2024 full-year context
The annual figures are the best way to understand the scale behind Nokia statistics. Full-year 2024 reported revenue was EUR 19.220 billion, down 9% year over year (Nokia Q4 2024 and full-year 2024 financial report). Comparable operating profit was EUR 2.6 billion (Nokia Q4 2024 and full-year 2024 financial report). That combination means the business remained profitable at scale even while the top line declined.
The year’s revenue trend also helps explain the quarterly comparisons. Nokia said Q1 2024 revenue fell 19% year over year on a constant-currency basis, Q2 2024 revenue fell 18%, and Q3 2024 revenue fell 7% (Nokia Q1 2024 interim report; Nokia Q2 2024 half-year report; Nokia Q3 2024 interim report). Against that backdrop, the Q4 2024 sales and margin figures look more stable than the earlier quarters.
2024 annual scorecard
| Measure | 2024 figure | Source label |
|---|---|---|
| Reported revenue | EUR 19.220 billion | Nokia Q4 2024 and full-year 2024 financial report |
| Year-over-year revenue change | -9% | Nokia Q4 2024 and full-year 2024 financial report |
| Comparable operating profit | EUR 2.6 billion | Nokia Q4 2024 and full-year 2024 financial report |
| Comparable diluted EPS | EUR 0.39 | Nokia Q4 2024 and full-year 2024 financial report |
| Reported diluted EPS | EUR 0.23 | Nokia Q4 2024 and full-year 2024 financial report |
| Free cash flow | EUR 2.0 billion | Nokia Q4 2024 and full-year 2024 financial report |
| Shareholder returns | EUR 1.4 billion | Nokia Q4 2024 and full-year 2024 financial report |
Forward guidance
Nokia’s 2025 guidance called for comparable operating profit of EUR 1.9 billion to EUR 2.4 billion and free cash flow conversion of 50% to 80% of comparable operating profit (Nokia Q4 2024 and full-year 2024 financial report). Those ranges are useful because they frame how management is thinking about profitability and cash conversion going into the next year.
Supply chain, emissions, and sourcing
The sustainability and sourcing data add a broader operational layer to Nokia statistics. Nokia said 408 of its key suppliers responded to CDP in 2024, and 257 key suppliers also provided emission reduction targets in 2024 (Nokia climate and sustainability strategy). Final assembly supplier emissions were reduced by 15% versus 2023 and by 56% versus the 2019 baseline, while total supplier emissions were reduced by 28% versus 2023 and 77% versus the 2019 baseline (Nokia climate and sustainability strategy).
The emissions base is also very large in absolute terms. Nokia’s total scope 1, 2 and 3 emissions were 26,011,608 tons of CO2e, of which scope 3 emissions were 24,736,044 tons of CO2e (Nokia climate and sustainability strategy). Own-operations scope 1 and 2 emissions were 90,498 tCO2e and represented 0.4% of Nokia’s total carbon emissions (Nokia climate and sustainability strategy). Scope 2 emissions fell 38% versus 2023 and 76% versus the 2019 base year (Nokia climate and sustainability strategy). Nokia also used 87% renewable electricity in 2024 (Nokia climate and sustainability strategy).
Supply-chain and emissions callouts
- Supplier engagement was broad enough to include hundreds of key suppliers responding to CDP (Nokia climate and sustainability strategy).
- Scope 3 dominates the emissions footprint by a wide margin (Nokia climate and sustainability strategy).
- Own operations account for only a small fraction of total carbon emissions, which is why value-chain actions matter so much (Nokia climate and sustainability strategy).
- Renewable electricity use at 87% is a significant operational input for lowering own-operations emissions (Nokia climate and sustainability strategy).
Nokia also said its use-phase emissions accounted for 95% of total GHG emissions in 2024, which makes product efficiency an important lever rather than a side issue (Nokia decarbonizing our value chain). ReefShark system-on-chips can reduce radio use-phase energy consumption by about 30% and reduce associated material carbon footprint by 30% versus earlier products (Nokia climate and sustainability strategy). That connects product design directly to the carbon story.
R&D and patent scale
Nokia’s patent and research statistics help explain why licensing and technology lines can remain strategically important. The company said it has around 26,000 patent families, has invested over EUR 150 billion in R&D since 2000, and makes more than EUR 4 billion in annual R&D investment (Nokia patent licensing page). It also said it has over 250 licensees through its patent licensing programs (Nokia patent licensing page).
That scale matters for two reasons. First, it helps support the very high margin seen in Nokia Technologies in Q4 2024. Second, it shows that the business is not only selling networks and services but also monetizing intellectual property across a large licensing base.
Why the numbers matter
The practical value of Nokia statistics is that they show a company with three distinct financial personalities at once. It is a large network vendor with multi-billion-euro quarterly sales. It is a business with enough cash generation to keep returning money to shareholders. And it is a technology and licensing company with a materially different margin structure in Nokia Technologies than in Mobile Networks (Nokia Q4 2024 factsheet; Nokia Q4 2024 and full-year 2024 financial report).
That combination is what makes the dataset useful. The quarterly figures show near-term operating momentum. The annual figures show scale and cash discipline. The sustainability, sourcing, and R&D numbers show the operational and strategic infrastructure behind the financial results.