Nokia releases 2024 annual report and Form 20-F

ESPOO - Nokia Oyj (HE:NOKIA) announced the publication of its 2024 annual report, including audited financial statements, the board of directors’ report, sustainability report, and details on governance and remuneration for the year 2024. In conjunction with the annual report, Nokia also released its Form 20-F report in compliance with U.S. Securities and Exchange Commission regulations.

The company’s annual report and the Form 20-F document are available in PDF format on Nokia’s website. The governance and remuneration reports can also be accessed online, providing transparency into the company’s management and reward systems.

In line with European Single Electronic Format (ESEF) reporting requirements, Nokia has published its financial statements in XHTML format, tagged with iXBRL markings. Deloitte Oy, the independent auditor, has provided a report on the ESEF financial statements in accordance with the ISAE 3000 standard, offering reasonable assurance on the compliance of the statements.

Nokia’s sustainability report, part of the board’s report, adheres to European Sustainability Reporting Standards (ESRS), Finnish accounting standards, and the EU taxonomy regulation. Deloitte Oy has also provided a limited assurance report on the sustainability report following the international ISAE 3000 (revised) standard.

Nokia continues to position itself as a leader in B2B technology and innovation, focusing on the development of future networks that are perceptive, cognitive, and intelligent. The company’s leadership is built on expertise in fixed, mobile, and cloud networks, and it has been creating value through intellectual property rights and extensive research and development led by the renowned Nokia Bell Labs for over a century.

The company’s high-performance network solutions are based on open architecture, integrating seamlessly with various ecosystems, offering opportunities for network commercialization and scalability. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards.

The information for this article is based on a press release statement from Nokia.

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