Below are the financial statements of Nokia, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of EUR | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 19,220a | 21,138a | 23,761a |
| Cost of sales | -10,356a | -12,592a | -13,660a |
| Gross profit | 8,864a | 8,546a | 10,101a |
| Research and development expenses | -4,512a | -4,277a | -4,503a |
| Selling, general and administrative expenses | -2,890a | -2,878a | -2,956a |
| Other operating income | 432a | 167a | 95a |
| Other operating expenses | -105a | -103a | -438a |
| Operating profit | 1,999a | 1,661a | 2,299a |
| Share of results of associates and joint ventures | 7a | -39a | -26a |
| Financial income | 405a | 426a | 178a |
| Financial expenses | -320a | -579a | -282a |
| Profit before tax | 2,091a | 1,469a | 2,169a |
| Income tax (expense)/benefit | -380a | -820a | -2,033a |
| Profit from continuing operations | 1,711a | 649a | 4,202a |
| (Loss)/profit from discontinued operations | -427a | 30a | 57a |
| Profit for the year | 1,284a | 679a | 4,259a |
| Attributable to | — | — | — |
| Equity holders of the parent | 1,277a | 665a | 4,250a |
| Non-controlling interests | 7a | 14a | 9a |
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