Nokia
€9.41Change from previous close: +2.37%Absolute change: +€0.22
At a glance
- Revenue growth
- +3.48%
- 2025 vs 2024
- Net income growth
- −49.02%
- 2025 vs 2024
- Net margin
- 3.3%
- 2024: 6.6%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 2,071 | 2,493 | 1,317 | 1,474 | 2,625 |
| Depreciation and amortization | 1,119 | 1,014 | 1,087 | 1,140 | 1,095 |
| Capital expenditure | -606 | -472 | -652 | -601 | -560 |
| Investing cash flow | -1,396 | -117 | 1,043 | -1,880 | -1,795 |
| Financing cash flow | -1,610 | -2,003 | -1,502 | -837 | -1,212 |
| Dividends paid | -753 | -714 | -611 | -336 | -9.0 |
| Share repurchases | -624 | -680 | -300 | -300 | — |
| Debt issued | 511 | 101 | 496 | 35.0 | 17.0 |
| Debt repaid | -1,096 | -701 | -1,077 | -219 | -1,220 |
| Effect of exchange rates | -226 | 16.0 | -91.0 | 19.0 | 133 |
| Net change in cash | -1,161 | 389 | 767 | -1,224 | -249 |
| Free cash flow | 1,465 | 2,021 | 665 | 873 | 2,065 |
| Levered free cash flow | 499 | 2,748 | 941 | 1,314 | 2,241 |