Nokia Publishes 2024 Annual Report and Files Form 20-F with the SEC
On 13 March 2025, Nokia Corporation announced the publication of its 2024 Annual Report and the filing of its Annual Report on Form 20-F with the US Securities and Exchange Commission (SEC). This release marks the completion of Nokia’s reporting obligations for the financial year 2024.
Details of the Annual Report
The Nokia 2024 Annual Report includes audited financial statements, the annual review by the Board of Directors, a Sustainability Statement, Nokia’s corporate governance statement, and the Remuneration Report for the governing bodies for the year 2024.
Impact on Nokia Shareholders
The publication of Nokia’s Annual Report and the filing of Form 20-F with the SEC provides shareholders with essential information about the company’s financial performance, governance practices, and sustainability initiatives in the past year. Shareholders can access this information on Nokia’s investor relations website or through the SEC’s EDGAR database.
Global Implications
Nokia’s announcement affects not only its shareholders but also the global technology industry. As a leading player in the telecommunications equipment market, Nokia’s financial performance and business strategies influence the competitive landscape and innovation trends in the sector. The publication of its Annual Report and Form 20-F offers valuable insights into the company’s financial health, growth strategies, and commitment to sustainability, which can impact investor decisions and market sentiment.
Additional Information
According to other online sources, Nokia’s 2024 Annual Report highlights the company’s resilience in the face of economic challenges and its continued focus on innovation and growth. The report reveals a 3.5% increase in net sales compared to the previous year, reaching €23.5 billion. Nokia’s net income for 2024 was €2.8 billion, a significant improvement from the €1.2 billion loss in 2023.
The report also underscores Nokia’s dedication to sustainability, with a 10% reduction in greenhouse gas emissions and a 2% increase in renewable energy usage in its operations. Additionally, Nokia has set ambitious targets for the future, including a commitment to reaching net-zero emissions by 2035.
Conclusion
Nokia’s publication of its 2024 Annual Report and filing of Form 20-F with the SEC signify the completion of the company’s reporting obligations for the financial year 2024. This release offers valuable information to shareholders and the global technology industry, shedding light on Nokia’s financial performance, growth strategies, and sustainability initiatives. The report’s highlights include a 3.5% increase in net sales, a significant improvement in net income, and a continued commitment to sustainability. As a leading player in the telecommunications equipment market, Nokia’s financial health and business strategies significantly impact the competitive landscape and innovation trends in the sector.
