Company: NOKBF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0001104659-25-007448
Chunk: 0

Company: NOKIA CORP
Filing Date: 2025-01-30
Form: 6-K
Chunk 0
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<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

Report on Form 6-K dated January 30,
2025

(Commission File No. 1-13202)

Nokia Corporation

Karakaari 7

FI-02610 Espoo

Finland

(Translation of the registrant’s name into English and address of registrant’s principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</div>

| Form 20-F: | x |     | Form 40-F: | ¨ |

Enclosures:

| · | Nokia Corporation Financial Report for Q4 and full year 2024 |
| · | Report for Q4 and full year 2024                             |

| 1                                      
 STOCK EXCHANGE RELEASE 30 January 2025 |

Nokia Corporation
Financial Statement Release
30 January 2025 at 08:00 EET

Nokia Corporation Financial Report for Q4 and full year 2024

Strong Q4 growth and profitability as market trends improve

| · | Q4 net sales increased 9% y-o-y in constant currency (10% reported). Network Infrastructure net sales grew strongly with all units 
 contributing, Nokia Technologies grew significantly and Cloud and Network Services also grew in Q4.                                |

| · | Comparable gross margin in Q4 increased by 250bps y-o-y to 47.2% (reported increased 280bps to 46.1%), with a strong contribution 
 from Nokia Technologies along with smaller contributions from other businesses.                                                   |

| · | Q4 comparable operating margin increased 380bps y-o-y to 19.1% (reported up 540bps to 15.3%), mainly due to higher gross margin, continued 
 cost control and higher contribution from Nokia Technologies.                                                                              |
| · | Q4 comparable diluted EPS for the period of EUR 0.18; reported diluted EPS for the period of EUR 0.15.                                     |

| · | Q4 free cash flow of EUR 0.05 billion, net cash balance of EUR 4.9 billion.                                                                |
| · | Full year 2024 net sales declined 9%