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0HAF 05:11

Nokia Oyj

Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2025

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Here is a summary of the key points from the provided text

Nokia Corporations Annual General Meeting will take place on April 29, 2025, at 13:00 EEST in Helsinki, Finland.

The Board proposes authorizing the distribution of a maximum of EUR 0.14 per share as dividend and/or assets from the reserve for invested unrestricted equity, to be paid out in four installments.

Søren Skou and Carla Smits-Nusteling will step down from the Board of Directors after the AGM. The Board proposes to reduce the number of Board members to ten and re-elect eight current members while electing two new members, Pernille Erenbjerg and Timo Ihamuotila.

The Board proposes to maintain the current annual fees for Board members, with approximately 40% paid in Nokia shares and the rest in cash for tax purposes.

The Board proposes to re-elect Deloitte Oy as the auditor and Authorized Sustainability Audit Firm for the financial year 2026, with reimbursement based on the approved purchase policy.

The Board seeks authorization to issue a maximum of 530 million new or treasury shares and to repurchase a maximum of 530 million shares, with the authorizations valid until October 28, 2026.

Other agenda items for the AGM include adopting the financial statements, discharging liability for Board members and the CEO, and adopting the updated Remuneration Policy and Remuneration Report.

The provided text offers a comprehensive overview of the proposals and agenda items for Nokia Corporations upcoming Annual General Meeting in 2025.

Proposals

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0HAF 05:01

Nokia Oyj

Nokia Corporation Financial Report for Q4 and full year 2024

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Here is a summary of the Nokia Corporations financial report for the fourth quarter (Q4) and full year of 2024

**Financial Highlights**

Q4 net sales increased by 9% year-over-year in constant currency (10% reported).

Comparable gross margin in Q4 improved by 250 basis points year-over-year to 47.2%.

Q4 comparable operating margin increased by 380 basis points year-over-year to 19.1%.

Q4 comparable diluted earnings per share (EPS) was EUR 0.18, and reported diluted EPS was EUR 0.15.

Full-year 2024 net sales declined by 9% in both reported and constant currency, partly due to a 7-percentage-point impact from India.

Full-year comparable operating profit was EUR 2.6 billion, and reported operating profit was EUR 2.0 billion.

Full-year comparable diluted EPS was EUR 0.39, and reported diluted EPS was EUR 0.23.

The Board proposes a dividend authorization of EUR 0.14 per share.

**Business Group Performance**

Network InfrastructureNet sales grew by 17% year-over-year, with strong performance across all units (IP Networks, Fixed Networks, and Optical Networks).

Mobile NetworksNet sales stabilized, and the company secured important deals, winning 18,000 additional base station sites since the start of 2024.

Cloud and Network ServicesReturned to 7% net sales growth, despite a 4-percentage-point headwind from a prior business disposal. Operating margin improved over the full year.

Nokia TechnologiesAnnual net sales run-rate increased to approximately EUR 1.3-1.4 billion in Q4, progressing toward the mid-term target of EUR 1.4-1.5 billion.

**Outlook for Full-Year 2025**

Comparable operating profit is expected to be between EUR 1.9 billion and EUR 2.4 billion.

Free cash flow conversion from comparable operating profit is expected to be between 50% and 80%.

The report also includes details on shareholder distribution, share buyback programs, additional topics, risk factors, and forward-looking statements.

Here is the HTML table code for the year-on-year comparison of Nokia Corporation's financials and debt for the fourth quarter (Q4) and full year of 2024:

	Q4'24	Q4'23	YoY change	Constant currency YoY change	Q1-Q4'24	Q1-Q4'23	YoY change	Constant currency YoY change
Net sales	5 983	5 416	10%	9%	19 220	21 138	(9%)	(9%)
Gross margin %	46.1%	43.3%	280bps	250bps	46.1%	40.4%	570bps	600bps
Research and development expenses	1 136	1 080	5%	10%	4 512	4 277	5%	4%
Selling, general and administrative expenses	789	774	2%	4%	2 890	2 878	0%	(1%)
Operating profit	917	534	72%	38%	1 999	1 661	20%	12%
Operating margin %	15.3%	9.9%	540bps	380bps	10.4%	7.9%	250bps	250bps
Profit/(loss) from continuing operations	746	(51)	N/A	N/A	1 711	649	164%	37%
Profit/(loss) from discontinued operations	67	18	272%	N/A	(427)	30	N/A	N/A
Profit/(loss) for the period	813	(33)	N/A	N/A	1 284	679	89%	37%
EPS for the period, diluted	0.15	(0.01)	N/A	80%	0.23	0.12	92%	39%
Net cash and interest-bearing financial investments	4 854	4 323	12%	N/A	4 854	4 323	12%	N/A
Comparable results
Net sales	5 983	5 416	10%	9%	19 220	21 138	(9%)	(9%)
Gross margin %	47.2%	44.7%	250bps	250bps	47.1%	41.1%	600bps	600bps
Research and development expenses	1 129	1 023	10%	10%	4 298	4 143	4%	4%
Selling, general and administrative expenses	638	615	4%	4%	2 423	2 448	(1%)	(1%)
Operating profit	1 142	830	38%	38%	2 619	2 337	12%	12%
Operating margin %	19.1%	15.3%	380bps	380bps	13.6%	11.1%	250bps	250bps
Profit for the period	977	555	76%	76%	2 175	1 590	37%	37%
EPS for the period, diluted	0.18	0.10	80%	80%	0.39	0.28	39%	39%
ROIC(1)	13.0%	9.9%	310bps	N/A	13.0%	9.9%	310bps	N/A

Please note that the table only includes the financial information provided in the text. The table may not be fully responsive and might require additional styling for a better viewing experience.

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0HAF 05:11

Nokia Oyj

Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2025

AI Expand: Explanation + Tables

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Return to today’s catalyst cards, chart beacons and AI charts.

Here is a summary of the key points from the provided text

Nokia Corporations Annual General Meeting will take place on April 29, 2025, at 13:00 EEST in Helsinki, Finland.

The Board proposes authorizing the distribution of a maximum of EUR 0.14 per share as dividend and/or assets from the reserve for invested unrestricted equity, to be paid out in four installments.

Søren Skou and Carla Smits-Nusteling will step down from the Board of Directors after the AGM. The Board proposes to reduce the number of Board members to ten and re-elect eight current members while electing two new members, Pernille Erenbjerg and Timo Ihamuotila.

The Board proposes to maintain the current annual fees for Board members, with approximately 40% paid in Nokia shares and the rest in cash for tax purposes.

The Board proposes to re-elect Deloitte Oy as the auditor and Authorized Sustainability Audit Firm for the financial year 2026, with reimbursement based on the approved purchase policy.

The Board seeks authorization to issue a maximum of 530 million new or treasury shares and to repurchase a maximum of 530 million shares, with the authorizations valid until October 28, 2026.

Other agenda items for the AGM include adopting the financial statements, discharging liability for Board members and the CEO, and adopting the updated Remuneration Policy and Remuneration Report.

The provided text offers a comprehensive overview of the proposals and agenda items for Nokia Corporations upcoming Annual General Meeting in 2025.

Proposals

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0HAF 05:01

Nokia Oyj

Nokia Corporation Financial Report for Q4 and full year 2024

AI Expand: Explanation + Tables

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Return to today’s catalyst cards, chart beacons and AI charts.

Here is a summary of the Nokia Corporations financial report for the fourth quarter (Q4) and full year of 2024

**Financial Highlights**

Q4 net sales increased by 9% year-over-year in constant currency (10% reported).

Comparable gross margin in Q4 improved by 250 basis points year-over-year to 47.2%.

Q4 comparable operating margin increased by 380 basis points year-over-year to 19.1%.

Q4 comparable diluted earnings per share (EPS) was EUR 0.18, and reported diluted EPS was EUR 0.15.

Full-year 2024 net sales declined by 9% in both reported and constant currency, partly due to a 7-percentage-point impact from India.

Full-year comparable operating profit was EUR 2.6 billion, and reported operating profit was EUR 2.0 billion.

Full-year comparable diluted EPS was EUR 0.39, and reported diluted EPS was EUR 0.23.

The Board proposes a dividend authorization of EUR 0.14 per share.

**Business Group Performance**

Network InfrastructureNet sales grew by 17% year-over-year, with strong performance across all units (IP Networks, Fixed Networks, and Optical Networks).

Mobile NetworksNet sales stabilized, and the company secured important deals, winning 18,000 additional base station sites since the start of 2024.

Cloud and Network ServicesReturned to 7% net sales growth, despite a 4-percentage-point headwind from a prior business disposal. Operating margin improved over the full year.

Nokia TechnologiesAnnual net sales run-rate increased to approximately EUR 1.3-1.4 billion in Q4, progressing toward the mid-term target of EUR 1.4-1.5 billion.

**Outlook for Full-Year 2025**

Comparable operating profit is expected to be between EUR 1.9 billion and EUR 2.4 billion.

Free cash flow conversion from comparable operating profit is expected to be between 50% and 80%.

The report also includes details on shareholder distribution, share buyback programs, additional topics, risk factors, and forward-looking statements.

Here is the HTML table code for the year-on-year comparison of Nokia Corporation's financials and debt for the fourth quarter (Q4) and full year of 2024:

	Q4'24	Q4'23	YoY change	Constant currency YoY change	Q1-Q4'24	Q1-Q4'23	YoY change	Constant currency YoY change
Net sales	5 983	5 416	10%	9%	19 220	21 138	(9%)	(9%)
Gross margin %	46.1%	43.3%	280bps	250bps	46.1%	40.4%	570bps	600bps
Research and development expenses	1 136	1 080	5%	10%	4 512	4 277	5%	4%
Selling, general and administrative expenses	789	774	2%	4%	2 890	2 878	0%	(1%)
Operating profit	917	534	72%	38%	1 999	1 661	20%	12%
Operating margin %	15.3%	9.9%	540bps	380bps	10.4%	7.9%	250bps	250bps
Profit/(loss) from continuing operations	746	(51)	N/A	N/A	1 711	649	164%	37%
Profit/(loss) from discontinued operations	67	18	272%	N/A	(427)	30	N/A	N/A
Profit/(loss) for the period	813	(33)	N/A	N/A	1 284	679	89%	37%
EPS for the period, diluted	0.15	(0.01)	N/A	80%	0.23	0.12	92%	39%
Net cash and interest-bearing financial investments	4 854	4 323	12%	N/A	4 854	4 323	12%	N/A
Comparable results
Net sales	5 983	5 416	10%	9%	19 220	21 138	(9%)	(9%)
Gross margin %	47.2%	44.7%	250bps	250bps	47.1%	41.1%	600bps	600bps
Research and development expenses	1 129	1 023	10%	10%	4 298	4 143	4%	4%
Selling, general and administrative expenses	638	615	4%	4%	2 423	2 448	(1%)	(1%)
Operating profit	1 142	830	38%	38%	2 619	2 337	12%	12%
Operating margin %	19.1%	15.3%	380bps	380bps	13.6%	11.1%	250bps	250bps
Profit for the period	977	555	76%	76%	2 175	1 590	37%	37%
EPS for the period, diluted	0.18	0.10	80%	80%	0.39	0.28	39%	39%
ROIC(1)	13.0%	9.9%	310bps	N/A	13.0%	9.9%	310bps	N/A

Please note that the table only includes the financial information provided in the text. The table may not be fully responsive and might require additional styling for a better viewing experience.

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