Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 52

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 52
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 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. These financial measures should not be considered in isolation from,              
 or as a substitute for, financial information presented in compliance with IFRS. This section           
 provides summarized information on the performance measures included in this interim report             
 as well as reconciliations of the performance measures to the amounts presented in the financial        
 statements. In the first quarter of 2025 Nokia introduced a new performance measure –                   
 constant currency and portfolio net sales growth – to complement information it provides                
 on changes in its net sales on a reported and constant currency basis. This new measure provides        
 information on net sales growth on a constant currency and portfolio basis i.e. after adjusting         
 reported net sales for the effects of changes in foreign exchange rates, as well as for the             
 impact of certain acquisitions and divestitures. Performance measure Definition Purpose Comparable      
 measures Comparable measures exclude intangible asset amortization and other purchase price             
 fair value adjustments, goodwill impairments, restructuring related charges, transaction                
 and related costs, including integration costs, and certain other items affecting comparability.        
 We believe that our comparable results provide meaningful supplemental information to both              
 management and investors regarding Nokia’s underlying business performance by excluding                 
 certain items of income and expenses that may not be indicative of Nokia’s business                     
 operating results. Comparable operating profit is used also in determining management remuneration.     
 Constant currency net sales growth / Net sales growth adjusted for currency fluctuations                
 When net sales growth is reported on a constant currency basis / adjusted for currency fluctuations,    
 the exchange rates used to translate amounts in local currencies to euro, our reporting currency,       
 are the average actual periodic exchange rates for the comparative financial period. Therefore,         
 the constant currency net sales growth / net sales growth adjusted for currency fluctuations            
 exclude the effects of changes in exchange rates during the current period compared to euro.            
 We provide additional information on net sales growth on a constant currency basis / adjusted           
 for currency fluctuations in order to better reflect the underlying business performance.               
 Constant currency and portfolio net sales growth When net sales growth is reported on a constant        
 currency and portfolio basis, net sales in local currencies are translated to euro using                
 the average exchange rates for the comparative financial period. Additionally, certain specific         
 acquisitions or disposals are treated as if they had occurred at the beginning of the comparative       
 financial period. As a result,