Nokia Oyj (NOK) Q4 2024 Earnings Conference Call Transcript

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Nokia Oyj (NYSE:NOK) Q4 2024 Earnings Conference Call January 30, 2025 4:30 AM ET

Company Participants

David Mulholland – Head of IR
Pekka Lundmark – President and CEO
Marco Wiren – CFO

Conference Call Participants

Joachim Gunell – DNB Markets
Simon Leopold – Raymond James
Artem Beletski – SEB Enskilda
Sami Sarkamies – Danske Bank
Sandeep Deshpande – J.P. Morgan
Daniel Djurberg – Handelsbanken
Ulrich Rathe – Bernstein
Rob Sanders – Deutsche Bank
Felix Henriksson – Nordea

David Mulholland

Good morning, ladies and gentlemen. Welcome to Nokia’s Fourth Quarter 2024 Results Call. I’m David Mulholland, Head of Nokia Investor Relations. And today with me is Pekka Lundmark, our President and CEO, along with Marco Wiren, our CFO.

Before we get started, a quick disclaimer. During this call, we will be making forward-looking statements regarding our future business, proposed transactions, and financial performance, and these statements are predictions that involve risks and uncertainties. Actual results may therefore differ materially from the results we currently expect. Factors that could cause such differences can be both external as well as internal operating factors.

We have identified such risks in the risk factor section of our Annual Report on Form 20-F, which is available on our Investor Relations website. Within today’s presentation, references to growth rates will mostly be on a constant currency basis, and in relation to margins will be based on our comparable reporting. Please note that our Q4 report and the presentation that accompanies this call are published on our website. The report includes both reportable and comparable financial results and a reconciliation between the two.

In terms of the agenda for today, Pekka will go through the key messages for the quarter, Marco will go through our financial performance, and then Pekka will make a few comments on some particular highlights from the

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