Nokia provides recast comparative quarterly financial information reflecting the transfer of Managed Services business from Cloud and Network Services to Mobile Networks
Mobile Networks EUR million Q1'24 Q2'24 Q3'24 Q4'24 Q1-Q4'24 Net sales 1 682 2 078 1 854 2 545 8 159 Gross profit 688 868 713 950 3 219 Gross margin % 40.9% 41.8% 38.5% 37.3% 39.5% Research and development expenses (544) (538) (520) (558) (2 160) Selling, general and administrative expenses (180) (191) (182) (203) (756) Other operating income and expenses 4 43 91 12 149 Operating profit/(loss) (32) 182 101 201 452 Operating margin % (1.9)% 8.8% 5.4% 7.9% 5.5% Other segment items Depreciation and amortization (92) (99) (92) (94) (377) Cloud and Network Services EUR million Q1'24 Q2'24 Q3'24 Q4'24 Q1-Q4'24 Net sales 546 507 595 940 2 589 Gross profit 215 190 269 483 1 157 Gross margin % 39.4% 37.5% 45.2% 51.4% 44.7% Research and development expenses (140) (139) (130) (141) (550) Selling, general and administrative expenses (113) (105) (105) (121) (444) Other operating income and expenses 1 19 23 1 43 Operating profit/(loss) (37) (35) 56 222 206 Operating margin % (6.8)% (6.9)% 9.4% 23.6% 8.0% Other segment items Depreciation and amortization (17) (16) (16) (17) (67) About Nokia At Nokia, we create technology that helps the world act together.
Nokia Corporation Stock Exchange Release20 March 2025 at 18:00 EET Nokia provides recast comparative quarterly financial information reflecting the transfer of Managed Services business from Cloud and Network Services to Mobile NetworksNokia today provided recast comparative financial information for Mobile Networks and Cloud and Network Services segments for Q1-Q4 2024 reflecting the transfer of the Managed Services business.
As the Cloud and Network Services business group is increasingly transitioning towards cloud-native software sales, 'as-a-service' product offerings and helping customers to monetize networks through API's, Nokia believes that Managed Services is more aligned and fits better with its Mobile Networks business group.
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