Business Context and Reporting Period
This Form 6-K filing by Nokia Corporation, dated March 13, 2025, serves as a notification of the publication of the Nokia in 2024 Annual Report and the filing of the Annual Report on Form 20-F for the fiscal year ended December 31, 2024. Nokia operates as a B2B technology innovation leader focusing on mobile, fixed, and cloud networks, intellectual property, and long-term research through Nokia Bell Labs.
Key Financial Metrics
The provided text is a cover release and does not contain specific numerical financial data. It confirms that the audited financial statements for 2024, including revenue, profit, cash flow, margins, debt, and liquidity metrics, are contained within the attached Annual Report (Exhibit 99.1) and the Form 20-F. The filing text does not provide a clear value for any specific financial metric.
Material Changes
No material changes in financial performance or operations are detailed in this specific text. The filing indicates that the comprehensive annual review, including year-over-year comparisons, is available in the full Annual Report.
Guidance, Outlook, and Risks
- Reporting Standards: The financial statements are published in XHTML format in accordance with European Single Electronic Format (ESEF) requirements and tagged with iXBRL.
- Audit Assurance: Deloitte Oy provided an independent auditor's report on the ESEF financial statements based on a reasonable assurance engagement (ISAE 3000). The Sustainability Statement received a limited assurance report.
- Sustainability: The Sustainability Statement is prepared in accordance with European Sustainability Reporting Standards (ESRS) and the EU Taxonomy Regulation.
- Outlook: Management commentary and future guidance are located in the full Annual Report and Form 20-F, not in this summary release.
Investor Verification Checklist
- Verify the specific revenue, net income, and free cash flow figures in the attached Exhibit 99.1 (Nokia in 2024 Annual Report).
- Review the Form 20-F for detailed risk factors and management discussion and analysis (MD&A).
- Confirm the details of the Sustainability Statement and its alignment with ESRS standards in the Board of Directors' annual review.
- Check the Remuneration Report (Exhibit 99.3) for executive compensation details.