OverviewSuggest Edit

Nokia is a company specializing 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 internet of things (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 CultureC

Latest Updates

Employees (est.) (Dec 2020)92,039(-6%)
Job Openings2,946
Revenue (FY, 2020)€21.9 B(-6%)
Share Price (Nov 2021)€5
Cybersecurity ratingBMore
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Key People/Management at Nokia

Pekka Lundmark

Pekka Lundmark

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

Nassib Abou-Khalil

Chief Legal Officer
Stephanie Werner-Dietz

Stephanie Werner-Dietz

Chief People Officer (CPO)
Ricky Corker

Ricky Corker

Chief Customer Experience Officer (CCXO)
Nishant Batra

Nishant Batra

Chief Strategy and Technology Officer (CSTO)
Marco Wirén

Marco Wirén

Chief Financial Officer (CFO)
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Nokia Office Locations

Nokia has offices in Espoo, Oulu, Tampere, Ann Arbor and in 196 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 (10-Nov-2021)

28.3b

Closing stock price (10-Nov-2021)

5.0

Cash (31-Dec-2020)

6.9b

EV

27.8b
Nokia's current market capitalization is €28.3 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

130130130120

Patent Families

26 k20 k20 k20 k

Licensees

100100100

Enterprise Customers

1 k1.3 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$16.6 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: 6.4% from Nokia Technologies, 77.0% from Networks, 12.1% from Nokia Software and 4.5% from Other

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

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Nokia Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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

    C

    65/100

  • CEO Rating

    B

    70/100

  • Compensation

    C+

    65/100

  • Diversity

    C

    65/100

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Nokia News and Updates

Finnish Tampere Deck Arena is now Nokia Arena

Nokia and Tampere Deck Arena have today signed a landmark 5-year naming rights partnership. The contract includes an option to extend the partnership for an additional 5 years. Europe’s leading multifunctional sports, business and entertainment venue is now called Nokia Arena. The venue has up to 15…

Finnish Tampere Deck Arena is now Nokia Arena

Press Release

Nokia, UNICEF and Orange Foundation partner to empower young people in Morocco

Nokia today announced a partnership with UNICEF and Orange Foundation to empower marginalized young people, particularly girls, in Morocco with digital, entrepreneurial and environmental skills. This project is an extension of Nokia’s existing relationship with UNICEF in countries across the world.

Nokia and Orange validate the performance of fifth generation super coherent optics on live network to enable 400Gbps services

Nokia and Orange announced today the completion of a network trial using the Nokia PSE-Vs, its fifth generation super coherent optics. This trial successfully validates Orange’s network capability to increase its optical capacity to support end-to-end 400Gbps services across its network.

Nokia deploys Wi-Fi mesh solution with WorldLink for fastest internet service in Nepal

Nokia today announced that WorldLink Communications, the largest broadband ISP in Nepal, has introduced Nokia WiFi Beacon 1.1 mesh access point to offer a seamless home Wi-Fi experience of its high-speed Photon services for subscribers in Nepal. The internet service offers an unprecedented 300 MBPs …
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Nokia Blogs

The rise of the open access network

A multitude of co-investment and wholesale agreements have surfaced in the last few months, demonstrating the accelerated interest in shared and open access networks, owned by a “neutral” host and leased to one or more tenants who operate services over the broadband network. This blog explores the b…

Closing the gap to the Shannon Limit in real-world networks

5th-gen coherent optics need to do more than deliver hero-level performance in the lab. Learn how Nokia PSE-V coherent optics optimize capacity–reach and ease network upgrades for challenging real-world applications.

Building your business case for a new data center switching fabric

Use the Business Case Analysis tool to model how automation of your Nokia Data Center Fabric could save you effort and time.

True innovation in Monetization systems comes through Design Thinking

This blog introduces the concept of Design Thinking and how it is being implemented by Nokia to provide innovation monetization solutions for Communication Service Providers (CSPs).

Do baselines and thresholds work to protect critical, unpredictable IP networks from DDoS attacks?

Today’s critical IP networks demand a proactive approach to DDoS detection and mitigation as baselines and thresholds are no longer working. Using a comprehensive peacetime data model, leveraging big data analytics, enhanced security feeds and cross correlation functions, leads to highly accurate DD…

CCTV’s role is changing, so will your city network

CCTV combined with AI and ML is creating an advanced video-audio sensor network in your city. Your backhaul network will have to evolve to handle the increased traffic.
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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 Stephanie Werner-Dietz.

  • How many employees does Nokia have?

    Nokia has 92,039 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 €237.6 k.

  • Who are Nokia competitors?

    Competitors of Nokia include Telefonica, NEC and Huawei.

  • Where is Nokia headquarters?

    Nokia headquarters is located at Karakaari 7, Espoo.

  • Where are Nokia offices?

    Nokia has offices in Espoo, Oulu, Tampere, Ann Arbor and in 196 other locations.

  • How many offices does Nokia have?

    Nokia has 228 offices.