OverviewSuggest Edit

Nokia is a global vendor in the network and IP infrastructure, software, and related services market. It operates in three segments: Networks, Nokia Software, and Nokia Technologies. The Networks segment is comprised of the Mobile Access, Fixed Access, IP Routing, and Optical Networks businesses. The Nokia Software segment offers solutions for digital experience, digital intelligence, digital operations, 5G, mobile broadband, and IoT. The Nokia Technologies segment is focused on licensing Nokia intellectual property, including patents, technologies, and the Nokia brand. The company serves communications service providers, governments, large enterprises, and consumers.

TypePublic
Founded1865
HQEspoo, FI
Websitenokia.com
Employee Ratings4.1
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2019)98,322(-4%)
Revenue (FY, 2020)€21.9 B(-6%)
Share Price (Feb 2021)€3.4
Cybersecurity ratingBMore

Key People/Management at Nokia

Pekka Lundmark

Pekka Lundmark

President and Chief Executive Officer (CEO)
Nassib Abou-Khalil

Nassib Abou-Khalil

Chief Legal Officer
Gabriela Styf Sjöman

Gabriela Styf Sjöman

Chief Strategy Officer
Stephanie Werner-Dietz

Stephanie Werner-Dietz

Chief Human Resources Officer
Marcus Weldon

Marcus Weldon

Corporate Chief Technology Officer and President of Nokia Bell Labs
Ricky Corker

Ricky Corker

Chief Customer Experience Officer (CCXO)
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Nokia Office Locations

Nokia has offices in Espoo, Oulu, Tampere, Alpharetta and in 205 other locations
Espoo, FI (HQ)
Karakaari 7
Oulu, FI
Kaapelitie 4
Tampere, FI
Hatanpään valtatie 30
Tiranë, AL
Bulevardi Bajram Curri
Alger, DZ
14 Rue des Frères Bouadou
Hydra, DZ
29 Rue des Pins
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Nokia Financials and Metrics

Nokia Revenue

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Nokia's revenue was reported to be €21.87 b in FY, 2020 which is a 6.2% decrease from the previous period.
EUR

Revenue (FY, 2020)

21.9b

Revenue growth (FY, 2019 - FY, 2020), %

(6.2%)

Gross profit (FY, 2020)

8.2b

Gross profit margin (FY, 2020), %

37.6%

Net income (FY, 2020)

(2.4b)

EBIT (FY, 2020)

918.0m

Market capitalization (19-Feb-2021)

19.3b

Closing stock price (19-Feb-2021)

3.4

Cash (31-Dec-2020)

6.9b

EV

18.8b
Nokia's current market capitalization is €19.3 b.
Annual
EURFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

23.1b22.6b23.3b21.9b

Revenue growth, %

(2%)(3%)3%(6%)

Cost of goods sold

14.0b14.1b15.0b13.7b

Gross profit

9.1b8.4b8.3b8.2b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

4.9b5.3b5.5b5.0b5.7b5.7b4.9b5.1b5.3b

Cost of goods sold

3.1b3.5b3.4b3.5b3.6b3.7b3.1b3.1b3.3b

Gross profit

1.8b1.9b2.0b1.6b2.1b2.0b1.8b2.0b2.0b

Gross profit Margin, %

37%35%37%31%36%35%36%39%37%
Annual
EURFY, 2017FY, 2018FY, 2019FY, 2020

Cash

7.4b6.3b5.9b6.9b

Accounts Receivable

6.9b4.9b5.0b5.5b

Prepaid Expenses

1.3b1.0b908.0m850.0m

Inventories

2.6b3.2b2.9b2.2b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

6.6b5.0b4.8b5.9b4.7b4.7b6.2b7.1b6.8b

Accounts Receivable

4.5b4.9b4.8b4.9b4.8b4.5b4.8b4.7b4.1b

Prepaid Expenses

1.1b1.2b1.1b1.0b1.1b1.1b883.0m853.0m937.0m

Inventories

2.8b2.9b3.2b3.5b3.6b3.6b2.8b2.9b2.7b
Annual
EURFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(1.5b)(335.0m)11.0m(2.4b)

Depreciation and Amortization

1.6b1.5b1.7b1.1b

Inventories

(296.0m)(544.0m)285.0m547.0m

Cash From Operating Activities

1.8b360.0m390.0m1.8b
Quarterly
EURFY, 2017

Revenue/Employee

227.4k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

2.5 x

P/E Ratio

(17.9)
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Nokia Operating Metrics

Nokia's Enterprise Customers was reported to be 1.3 k in FY, 2019.
FY, 2016FY, 2017FY, 2018FY, 2019

Countries

130 130 130 120

Patent Families

26 k20 k20 k20 k

Licensees

100 100 100

Enterprise Customers

1 k1.30 k
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Nokia Acquisitions / Subsidiaries

Company NameDateDeal Size
Elenion TechnologiesFebruary 19, 2020
Space Time InsightMay 07, 2018
UniumFebruary 25, 2018
ComptelFebruary 09, 2017$370 m
DeepFieldDecember 01, 2016
WithingsJune 01, 2016$190 m
Nakina SystemsApril 01, 2016
Alcatel - LucentApril 01, 2015$16.60 b
SAC WirelessAugust 01, 2014
earthmineNovember 01, 2012
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Nokia Revenue Breakdown

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Nokia revenue breakdown by business segment: 12.1% from Nokia Software, 77.0% from Networks, 6.4% from Nokia Technologies and 4.5% from Other

Nokia revenue breakdown by geographic segment: 8.7% from Middle East and Africa, 17.6% from Asia-Pacific, 32.6% from North America, 30.3% from Europe, 6.3% from Greater China and 4.6% from Other

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Nokia Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Nokia Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Nokia Online and Social Media Presence

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Nokia Company Culture

  • Overall Culture

    D-

    50/100

  • CEO Rating

    A-

    80/100

  • Compensation

    D

    55/100

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Nokia News and Updates

Nokia Board of Directors approved the Nokia equity program for 2021-2023

Nokia Corporation Stock Exchange Release February 18, 2021 at 9.00 (CET +1)          

Nokia MBiT 2021 reports nearly 60 times data traffic growth in India in 5 years

Nokia launched the 8th edition of its Mobile Broadband India Traffic Index (MBiT)* 2021 on mobile broadband performance in India in the year 2020

Nokia partners with Brazilian research group CPQD to develop 5G ORAN solutions

Nokia today announced a partnership with Brazil’s Telecommunications Research and Development Center (CPQD), an independent government-affiliated research body, to jointly develop applications and solutions based on the Open RAN (O-RAN) compliant near-real-time RAN Intelligent Controller (RIC)

Nokia and Mobily extend managed services partnership in Saudi Arabia

Nokia and Mobily have extended their managed services partnership by signing a three-year agreement under which Nokia will manage and maintain the radio and transport network in Riyadh and other regions
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Nokia Blogs

Life at Nokia: Eshani Johri

Life at Nokia: Eshani Johri j.gacs Fri 06 Nov 2020 Fri 20 Nov 2020Blog Life at Nokia TeamNokia Nokia Culture Eshani Johri I joined Nokia in 2015 with the spirit…
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Nokia Frequently Asked Questions

  • When was Nokia founded?

    Nokia was founded in 1865.

  • Who are Nokia key executives?

    Nokia's key executives are Pekka Lundmark, Nassib Abou-Khalil and Gabriela Styf Sjöman.

  • How many employees does Nokia have?

    Nokia has 98,322 employees.

  • What is Nokia revenue?

    Latest Nokia annual revenue is €21.9 b.

  • What is Nokia revenue per employee?

    Latest Nokia revenue per employee is €222.4 k.

  • Who are Nokia competitors?

    Competitors of Nokia include Telefonica, NEC and ZTE.

  • Where is Nokia headquarters?

    Nokia headquarters is located at Karakaari 7, Espoo.

  • Where are Nokia offices?

    Nokia has offices in Espoo, Oulu, Tampere, Alpharetta and in 205 other locations.

  • How many offices does Nokia have?

    Nokia has 233 offices.