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Nokia chief executive Pekka Lundmark is to step down

Nokia picks Intel's AI and data centre boss as new CEO

Finland's Nokia said today that Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.

Business • 10 Feb

Nokia's fourth quarter profit beats estimates

Finland's Nokia has reported stronger than expected fourth-quarter adjusted operating profit and sales, helped by higher demand for telecoms gear from mobile operators in North America and India, and forecast an upbeat 2025.

Business • 30 Jan

Nokia Q3 profit beats expectation, sees signs of recovery

Finnish telecom equipment supplier Nokia has today reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson in seeing demand recovery in some areas.

Business • 17 Oct 24

Nokia Q2 profit falls 32% on weak demand for telecom gear

Nokia has today reported a 32% drop in second-quarter operating profit, citing weak demand for 5G telecom equipment, but the Finnish telecoms group said sales should recover towards the end of 2024 with the help of orders from North America.

Business • 18 Jul 24

Nokia CEO makes world's first 'immersive' phone call

Nokia CEO Pekka Lundmark has made a phone call using a new technology called "immersive audio and video" that improves the quality of a call with three-dimensional sound, making interactions more lifelike, the company said.

Business • 10 Jun 24

Nokia said its first-quarter comparable operating profit fell to €479m from €583m last year

Nokia's quarterly profit misses forecast

Nokia has today reported operating profit below market expectations for the first quarter and the Finnish company said it was seeing signs of customer spending slowing down.

Business • 20 Apr 23

Nokia changes iconic logo to signal strategy shift

Nokia has announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth.

Business • 27 Feb 23

Nokia said its fourth-quarter comparable operating profit rose to €1.15 billion from €908m last year

Nokia's quarterly profit beats expectations

Nokia today beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker benefited from 5G roll-out in countries such as India.

Business • 26 Jan 23

Nokia warned today that the global shortage of semiconductors would hit its supply chain

Nokia's quarterly profit beats on 5G demand

Nokia has today reported a stronger-than-expected third-quarter operating profit on higher demand for 5G gear, but warned the global shortage of semiconductors would hit its supply chain.

Business • 28 Oct 21

Nokia's quarterly revenue rose 3% to €5.08 billion, beating a consensus figure of €4.72 billion

Nokia on 5G growth path as new strategy takes shape

Finnish telecom network equipment maker Nokia today showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14%.

Business • 29 Apr 21

Nokia has said it would 'do whatever it takes" to take the lead in 5G

Nokia to cut up to 10,000 jobs over next two years

Finnish telecoms group Nokia said today it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.

Business • 16 Mar 21

Nokia chief executive Rajeev Suri set to leave the company later this year

Nokia CEO Suri to step down in September

Nokia chief executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, the company said today

Business • 02 Mar 20

Pekka Lundmark