Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 37

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 37
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 determining comparable results, information on items affecting comparability 
 is presented separately for each of the components of profit or loss. As comparable financial         
 measures are not defined in IFRS they may not be directly comparable with similarly titled            
 measures used by other companies, including those in the same industry. The primary rationale         
 for presenting these measures is that the management uses these measures in assessing the             
 financial performance of Nokia and believes that these measures provide meaningful supplemental       
 information on the underlying business performance of Nokia. These financial measures should          
 not be considered in isolation from, or as a substitute for, financial information presented          
 in compliance with IFRS. For further details on alternative performance measures used by              
 Nokia and reconciliations to the closest IFRS-defined measures, refer to the Alternative              
 performance measures section accompanying this consolidated financial statement information.          
 Foreign exchange rates Nokia’s net sales are derived from various countries and invoiced              
 in various currencies. Therefore, our business and results from operations are exposed to             
 changes in foreign exchange rates between the euro, our reporting currency, and other currencies,     
 such as the US dollar, the Indian rupee and the Chinese yuan. To mitigate the impact of changes       
 in exchange rates on our results, we hedge operative forecasted net foreign exchange exposures,       
 typically within a 12-month horizon, and apply hedge accounting in the majority of cases.             
 The below table shows the exposure of Nokia's continuing and discontinued operations to different     
 currencies for net sales and total costs. Q3'25 Q3'24 Q2'25 Net sales Total costs Net sales           
 Total costs Net sales Total costs EUR ~25% ~25% ~25% ~30% ~25% ~25% USD ~55% ~50% ~55% ~45%           
 ~55% ~50% INR ~5% ~5% ~0% ~5% ~5% ~5% CNY ~0% ~5% ~0% ~5% ~0% ~5% Other ~15% ~15% ~20% ~15%           
 ~15% ~15% Total 100% 100% 100% 100% 100% 100% End of Q3'25 balance sheet rate 1 EUR = 1.17            
 USD, end of Q3'24 balance sheet rate 1 EUR = 1.12 USD and end of Q2'25 balance sheet rate             
 1 EUR = 1.17 USD 23 October 2025 19