Nokia Oyj

Market Cap 26,960.5M

Nokia, with 150 years of history, has dramatically changed in the past couple of years. Its Devices & Services business was sold to Microsoft (2014), its HERE map services (2015) were divested, and its huge acquisition of Alcatel/Lucent (2015/2016) has really changed the company to its core. Nokia’s goal once the integration of Alcatel is completed is for it to be able to offer the market a true end-to-end solution for communications. The company currently has two major business areas, Nokia Networks and Nokia Technologies. Nokia Networks, with revenues of some EUR 22 billion, comprises Mobile Networks, Fixed Networks, Global Servixes, IP/Optical Networks and Applications & Analytics. The other business area, Nokia Technologies, which includes patents and licensing agreements, has revenues of some EUR 1.4-1.5 billion but very high operating margins of 70–780%. Nokia’s total turnover in 2017 was EUR 23.1 billion, with an adjusted operating margin of around 11%. Nokia is headquartered in Espoo (Helsinki), Finland, and has approximately 100,000 employees. The company’s share is listed at the Nasdaq Helsinki Stock Exchange and at the New York Stock Exchange.

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