NOK Latest Report

Financial Performance

Nokia's total operating revenue in 2024 was US$5.983 billion, up approximately 10.00% from US$5.416 billion in 2023. This growth indicates significant improvement in the company's operating revenue, possibly related to increased market competitiveness and product demand.

Key Financial Data

1. Operating Revenue Growth: Nokia's operating revenue grew to US$5.983 billion, reflecting continued improvement in market demand and product performance.

2. Market Demand Factors: Despite a decline in demand in some markets (such as India), the overall market environment is driven by 5G technology, leading to revenue growth.

3. Cost Control Measures: Nokia implemented effective cost control measures in 2024, with a rise in sales costs but an improved gross margin, supporting operating revenue growth.

4. New Product Launch: Nokia's new products and services launched in 2024, such as the 5G AirScale baseband solution and virtual power station control software, helped enhance market competitiveness.

Peer Comparison

1. Industry-wide Analysis: In the 5G and communication equipment industry, overall market demand continued to grow in 2024, with many companies (including Nokia's competitors such as Ericsson and Huawei) reporting revenue growth. This indicates an overall positive industry trend, driving revenue growth for each company.

2. Peer Evaluation Analysis: Compared to other companies in the industry, Nokia's operating revenue growth rate (approximately 10.00%) is at a moderate level, showing its ability to maintain a certain growth momentum in a competitive market, especially in terms of technological innovation and market expansion.

Summary

Nokia's operating revenue growth in 2024 mainly benefited from increased market demand, optimized product portfolio, and effective cost control measures. Despite facing challenges in some markets, the overall industry's positive trend and Nokia's active efforts in new product launches provided support for its revenue growth.

Opportunities

1. Ongoing 5G Market Demand: With the advancement of global 5G infrastructure, Nokia has the potential to further enhance its market share.

2. New Product Market Potential: New products such as the 5G AirScale baseband solution and virtual power station control software help attract more customers and increase revenue sources.

3. International Market Expansion: Nokia's expansion plans in the data center market and its cooperation with global operators create opportunities for future growth.

Risks

1. Intensified Competition: Nokia faces strong competition from local brands in the Chinese market, which may affect its market share and revenue.

2. Decline in Particular Market Demand: A significant decline in demand in some markets, such as India, may negatively impact overall performance.

3. Sustainability of Cost Control: Although Nokia has implemented cost control measures, continuous cost reduction may have an impact on research and development and innovation.