Core Viewpoint - Hydro is investing in a new wire rod casthouse at its aluminium smelter in Karmøy, Norway, to supply low-carbon aluminium for critical energy infrastructure in Europe, with production expected to start in 2028 [1][2][3]. Investment Details - The new casthouse will have a capacity of 110,000 tonnes per year and is Hydro's largest investment in Norway in the last ten years, with completion scheduled for the first quarter of 2028 [2][8]. - The investment is part of Hydro's annual investment plans, amounting to approximately NOK 15 billion [8]. Market Context - Norway currently produces 40 percent of the aluminium in Europe, and aluminium is classified as a critical material by the EU [2]. - The demand for low-carbon aluminium is increasing, driven by the energy transition and the need for renewable energy transportation [4][5]. Competitive Advantage - Aluminium offers advantages such as weight, durability, and recyclability, making it a preferred material for energy infrastructure; for instance, an aluminium conductor weighs about 50 percent less than a copper conductor while maintaining the same electrical conductivity [4]. Future Outlook - The new casthouse will enhance product flexibility in a volatile aluminium market, particularly benefiting the automotive and building systems sectors [6]. - Hydro aims to be a stable and reliable supplier of aluminium solutions essential for Europe's energy transition and infrastructure development [7].

Managed Services business transferred from Cloud and Network Services into Mobile Networks in 2025 Effective 1 January 2025, Nokia moved its Managed Services business into its Mobile Networks business group. The Managed Services business provides outsourced network management of multi-vendor RAN networks for operators and, since 2021, has been part of Nokia's Cloud and Network Services business group. As the Cloud and Network Services business group is increasingly transitioning towards cloud-native softwar ...

Core Insights - Nokia has launched the FastMile Gateway 4, a compact 5G indoor gateway with Wi-Fi 7, aimed at enhancing consumer experience by delivering 5G speeds throughout the home [1][8] Product Features - The FastMile Gateway 4 features high-gain antennas with up to 8 dBi and dual-band Wi-Fi 7, designed for self-installation by consumers [2][9] - It supports 4 carrier aggregation and up to 300MHz of bandwidth, improving coverage and maximizing throughput [2] - The gateway offers 8RX and 3TX capabilities for enhanced spectrum efficiency and speeds, along with Wi-Fi 7's multi-link operation (MLO), enabling up to 4Gbps of Wi-Fi capacity [2][8] Software and Management - Powered by Nokia's Corteca software, the gateway supports value-added applications, cloud-based Wi-Fi optimization, and device management based on open standards [3] - A user-friendly mobile app is available to assist customers in identifying optimal installation locations for the gateway [3] Portfolio Expansion - Nokia's 5G gateway portfolio now includes four Wi-Fi 7 models, catering to various operator and end-user demands [4] - The expanded portfolio aims to advance 5G Fixed Wireless Access (FWA) services, ensuring seamless connectivity for consumers [4][5] Market Position - The FWA market has seen significant growth, with Nokia offering the broadest portfolio of FastMile gateway products that combine 5G FWA with dual-band Wi-Fi 7 [5][6] - The addition of the FastMile Gateway 4 strengthens Nokia's position in providing fast and reliable FWA broadband solutions to diverse customer needs [6]

Nokia Corporation (NOK) recently announced that Worldstream, a leading cloud infrastructure provider, has opted to deploy its Deepfield DDoS (Distributed Denial of Service) security solution and cutting-edge 7750 SR routers to protect businesses in the Netherlands from the growing threat of DDoS attacks. In the era of advanced digitalization and growing AI deployments, communication service providers and enterprises are witnessing a surge in cyber-attacks, with DDoS attacks becoming increasingly common. Cyb ...

Press Release Nokia unveils two mass-market 25G PON residential fiber ONTs, making large-scale multi-gig and 10G+ viable and affordable New indoor modems deliver speeds up to 20x faster than current gigabit solutions. 25G PON technology is the most cost-effective way to deliver multi-gig and 10G+ residential services, ensuring that advertised speeds can be delivered to all subscribers simultaneously. 25G PON modems have now reached the right price point for residential mass-market deployment. 18 March 2025 ...

Press Release Nokia strengthens Worldstream’s hosting security with advanced DDoS Protection in the Netherlands Enterprise customers using hosting services will benefit from fast network-based mitigation of most complex and high-volume cyberattacks and AI-driven threats.Real-time, automated, next-generation DDoS protection to keep businesses running and unaffected during an attack.Enhanced network resilience with Nokia Deepfield Defender and 7750 SR routers. 17 March 2025Espoo, Finland – Nokia today announc ...

Group 1 - The article expresses a beneficial long position in the shares of YARIY through stock ownership, options, or other derivatives [1] - The author emphasizes that the article should not be considered financial advice and that investors are expected to conduct their own due diligence [2] - It is noted that past performance is not indicative of future results, and no specific investment recommendations are provided [3]

Nokia Corporation (NOK) recently inked an agreement with Vodafone Idea for an undisclosed amount to enhance 4G and 5G connectivity in India. The three-year deal will enhance and expand Vodafone Idea’s IP backhaul system by providing a reliable, robust, scalable and future-ready network to handle the increasing data traffic and deliver superior connectivity for both mobility and enterprise services.How NOK Might Have Secured the DealNokia is well-positioned for the ongoing technology cycle, given the strengt ...

Core Insights - Nokia has published its Annual Report for 2024, which includes audited financial statements, a review by the Board of Directors, a Sustainability Statement, a corporate governance statement, and a Remuneration Report [1][4] - The Annual Report on Form 20-F for 2024 has been filed with the U.S. Securities and Exchange Commission [1] - The financial statements are available in PDF and XHTML formats, complying with European Single Electronic Format (ESEF) reporting requirements, and have been audited by Deloitte Oy [2][3] Financial Reporting - The financial statements are marked with iXBRL tags as per ESEF requirements, and the independent auditor's report has been provided by Deloitte Oy based on a reasonable assurance engagement [3] - The ESEF financial statements in Finnish are accessible in a zip file attached to the release [3] Sustainability and Governance - Nokia's Sustainability Statement is prepared according to European Sustainability Reporting Standards (ESRS) and has been assured by Deloitte Oy [4] - The corporate governance statement and the Remuneration Report are available on Nokia's official website [2]

Financial Performance - Nokia's net sales for 2024 were EUR 19,220 million, a decline of 9% from EUR 21,138 million in 2023[34]. - The gross profit increased to EUR 8,864 million, resulting in a gross margin of 46.1%, up from 40.4% in 2023[34]. - The operating profit for 2024 was EUR 1,999 million, with an operating margin of 10.4%, compared to 7.9% in 2023[34]. - Free cash flow for the year reached EUR 2,021 million, significantly higher than EUR 665 million in 2023[34]. - Nokia's patent licensing revenue increased by 78% to EUR 1,928 million, with segment operating profit rising by 106% to EUR 1,514 million[199]. - In 2024, Nokia's Network Infrastructure net sales declined by 6% year-on-year, but the segment achieved an operating margin of 11.7% due to focused cost management[155]. - Mobile Networks' net sales decreased by 21% year-on-year to EUR 7.7 billion, yet the segment maintained an operating margin of 5.3% through improved cost competitiveness and execution[172]. - Nokia's net sales decreased by 6% year-on-year, while segment operating margin slightly increased[183]. Corporate Governance and Compliance - The company is classified as a large accelerated filer under the Securities Exchange Act[7]. - Nokia's financial statements are prepared in accordance with International Financial Reporting Standards[9]. - The company has filed all required reports under Section 13 or 15(d) of the Exchange Act during the preceding 12 months[5]. - Nokia's annual report was filed with the SEC on March 13, 2025, for the fiscal year ended December 31, 2024[2]. - The company has confirmed the effectiveness of its internal control over financial reporting as per Section 404(b) of the Sarbanes-Oxley Act[8]. - There were no error corrections or restatements required for previously issued financial statements[8]. - Nokia has not indicated any unresolved staff comments in its filings[10]. Strategic Initiatives and Market Position - Nokia's strategy focuses on technology leadership and collaboration with customers to enhance impact and drive growth[25]. - The company emphasizes ongoing cost savings programs aimed at improving operational efficiency and financial performance[21]. - Future performance expectations include targeted synergies related to market share, prices, net sales, income, and margins[21]. - Nokia is actively involved in market expansion and developing new products and technologies to maintain competitiveness[21]. - The company is addressing risks and uncertainties that could affect its business operations and financial results[22]. - Nokia's business groups include Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies, each contributing to overall performance[23]. - The company has a commitment to sustainability and corporate responsibility as part of its strategic objectives[22]. - Nokia's strategy includes six pillars aimed at sustainable, profitable growth, focusing on expanding its enterprise business and leveraging technological leadership[82][85]. - The company is increasing operational autonomy for its business groups to better address market opportunities and implement new business models[97]. Research and Development - Nokia's R&D centers focus on network fundamentals, automation, semiconductors, and AI, with a commitment to sustainable technologies[104]. - The company achieved a world record transmission rate of over 300 GBaud/s on a single wavelength carrier and a 50,000x acceleration in fiber sensing[111]. - Nokia's UNEXT initiative aims to create a unified networking experience, with a prototype demonstrating foundational capabilities launched in 2024[110]. - Nokia Bell Labs signed a multi-year research agreement with Vale to implement an AI-based mining program aimed at boosting productivity and safety[115]. - The Sustainable Energy Management venture released its first product in 2024, focusing on optimizing energy economics through digital tools[122]. - Nokia's RXRM solution enhances industrial productivity and safety, winning the iF Design Award in 2024 for its UX Design[120]. - The company launched the Event-Driven Automation platform, described as the most modern data center platform in the industry, built for the AI era[169]. Acquisitions and Partnerships - Nokia's acquisition of Infinera is projected to enhance its optical technology leadership and increase exposure to webscale customers, aiming for a double-digit operating margin in its Optical Networks business[92]. - The acquisition of Fenix Group in May 2024 will strengthen Nokia's position in the defense industry by adding innovative broadband tactical communications products to its portfolio[93]. - Nokia's acquisition of Rapid's technology and R&D unit will bolster its R&D capacity in Network as Code, enhancing its ability to automate and monetize networks[94]. - Nokia divested its wholly owned subsidiary Alcatel Submarine Networks (ASN) to focus on key strategic assets while retaining a 20% shareholding for a smooth transition[95]. - Nokia signed a strategic deal with AT&T to accelerate future-ready fiber broadband growth, reinforcing its market position[169]. - Nokia's partnership with Axiom Space aims to deliver a cellular communications system for astronauts during the Artemis III mission[126]. Market Trends and Challenges - The estimated total addressable market (TAM) for communications service providers (CSPs) declined by 5% to EUR 86 billion from 2023 to 2024, driven by macroeconomic factors such as high interest rates and inventory issues[63]. - The enterprise estimated TAM grew by 4% to EUR 25 billion from 2023 to 2024, with a forecasted strong growth of 8% CAGR until 2029, particularly in the private wireless market which is expected to reach 22% CAGR[67][68]. - The CSP market is expected to see growth in fixed wireless access, fiber, IP routing, and optical networks, driven by demand for higher speed access technologies[64]. - Geopolitical and environmental criteria are increasingly influencing investment and vendor decisions, with security and sovereignty becoming important factors[66]. Product and Technology Innovations - Nokia Technologies reported a 78% increase in segment net sales, reflecting strong performance in patent licensing and intellectual property monetization[42]. - Mobile Networks added 18,000 base station sites and gained 12 new communication service provider customers during 2024[49]. - Nokia filed a record 3,000 patents in 2024, surpassing 7,000 patent families essential to 5G[51]. - The company expanded its broadband technology leadership by demonstrating 10G, 25G, 50G, and 100G speeds over a live fiber broadband network[161]. - The introduction of the Kolibri 5G small cell solution aims to enhance cost efficiency and scalability for Communication Service Providers (CSPs)[173]. - Nokia's Optical Networks segment holds the number one position in India and the number two position in Europe and MEA, indicating strong market presence[164]. - The company completed pilots of its commercial Cloud RAN solution, verifying feature parity and performance consistency[175]. - Nokia has secured 334 commercial 5G deals and over 850 private wireless customers, with 193 in 5G[180]. - Nokia's AirScale portfolio was expanded with new energy-efficient Massive MIMO radios, supporting mobile traffic growth and accelerating 5G rollouts[194].