6-K 1 tm259915d1_6k.htm FORM 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

 

Report on Form 6-K dated March 20, 2025

(Commission File No. 1-13202)

 

Nokia Corporation

Karakaari 7

FI-02610 Espoo

Finland

(Translation of the registrant’s name into English and address of registrant’s principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
     
Form 20-Fx   Form 40-F: ¨

 

 

 

 

 

 

Enclosures:

 

·Stock exchange release: Nokia provides recast comparative quarterly financial information reflecting the transfer of Managed Services business from Cloud and Network Services to Mobile Networks
·Attachment: EN Web tables Recast MN and CNS

 

 

 

 

 1
STOCK EXCHANGE RELEASE 20 March 2025

 

Nokia Corporation

Stock Exchange Release

20 March 2025 at 18:00 EET

 

Nokia provides recast comparative quarterly financial information reflecting the transfer of Managed Services business from Cloud and Network Services to Mobile Networks

 

Nokia today provided recast comparative financial information for Mobile Networks and Cloud and Network Services segments for Q1-Q4 2024 reflecting the transfer of the Managed Services business.

 

Managed Services business transferred from Cloud and Network Services into Mobile Networks in 2025

 

Effective 1 January 2025, Nokia moved its Managed Services business into its Mobile Networks business group. The Managed Services business provides outsourced network management of multi-vendor RAN networks for operators and, since 2021, has been part of Nokia’s Cloud and Network Services business group. As the Cloud and Network Services business group is increasingly transitioning towards cloud-native software sales, 'as-a-service' product offerings and helping customers to monetize networks through API's, Nokia believes that Managed Services is more aligned and fits better with its Mobile Networks business group.

 

To provide a basis for comparison, the following tables present summarized income statement information for Cloud and Network Services and Mobile Networks on an unaudited basis for all quarters and the full year of 2024, reflecting the transfer of the Managed Services business.

 

 

 

 

 2
STOCK EXCHANGE RELEASE 20 March 2025

 

Mobile Networks                    
                     
EUR million  Q1'24   Q2'24   Q3'24   Q4'24   Q1-Q4'24 
Net sales   1,682    2,078    1,854    2,545    8,159 
Gross profit   688    868    713    950    3,219 
Gross margin %   40.9%   41.8%   38.5%   37.3%   39.5%
Research and development expenses   -544    -538    -520    -558    -2,160 
Selling, general and administrative expenses   -180    -191    -182    -203    -756 
Other operating income and expenses   4    43    91    12    149 
Operating profit/(loss)   -32    182    101    201    452 
Operating margin %   -1.9%   8.8%   5.4%   7.9%   5.5%
Other segment items                         
Depreciation and amortization   -92    -99    -92    -94    -377 

 

Cloud and Network Services                    
                     
EUR million  Q1'24   Q2'24   Q3'24   Q4'24   Q1-Q4'24 
Net sales   546    507    595    940    2,589 
Gross profit   215    190    269    483    1,157 
Gross margin %   39.4%   37.5%   45.2%   51.4%   44.7%
Research and development expenses   -140    -139    -130    -141    -550 
Selling, general and administrative expenses   -113    -105    -105    -121    -444 
Other operating income and expenses   1    19    23    1    43 
Operating profit/(loss)   -37    -35    56    222    206 
Operating margin %   -6.8%   -6.9%   9.4%   23.6%   8.0%
Other segment items                         
Depreciation and amortization   -17    -16    -16    -17    -67 

 

About Nokia

 

At Nokia, we create technology that helps the world act together.

 

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

 

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

 

Inquiries:

 

Nokia

Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Global Head of External Communications

 

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 20, 2025Nokia Corporation
   
By:/s/ Johanna Mandelin
 Name:Johanna Mandelin
 Title:Vice President, Corporate Legal