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Nokia (NOK) Q4 2024 earnings results (fourth quarter 2024)
6-K filed Jan 30, 2025
Nokia (NOK) reported revenue of $6.0B for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and +38% from the quarter before. Operating margin was 15.3%, net earnings $813M (13.6% of revenue).
Nokia, Q4 2024: revenue $6.0B (+10% year over year), operating margin 15.3%, net earnings $813M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | +38% | +10% |
| Operating profit | $917M | +273% | +72% |
| Net earnings | $813M | +365% | — |
What changed
Revenue was €6.0B in Q4 2024, up 10% year over year and up 38% from the previous quarter.
Operating profit was €0.92B, a 15.3% margin (up 5.5 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 10% margin then. Total costs grew 4% against revenue growth of 10%. Net earnings were €0.81B. The effective tax rate was 0.0%.
Questions
What was Nokia's revenue in the fourth quarter 2024?
Nokia (NOK) reported revenue of $6.0B for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and +38% from the quarter before.
Was Nokia profitable in the fourth quarter 2024?
Operating profit was $917M (15.3% of revenue) and net earnings $813M.
Source: Nokia 6-K on SEC EDGAR.