Nokia Technologies Oy
OYActiveY-tunnus 2655044-9Karakaari 7, 02610 EspooResearch and experimental development on natural sciences and engineering· NACE 7210Est. 2014 · 11 years old322 employeeshttps://www.nokia.com
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Overview
Nokia Technologies Oy is a Finnish OY based in Espoo, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2014, the company has 322 employees and reported revenue of €1.5bn in its latest annual filing.
Revenue 2025
1.5B EUR
−21% vs 2024
EBITDA margin
64.7 %
−6% vs 2024
Net profit 2025
0.6B EUR
-41% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
74.9 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
4.8×
StrongAmong the 30% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
18.6 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
EUR millionsKey figures
Annual report 2025| Revenue | 1.5B EUR | -21% |
| EBITDA | 1B EUR | -6% |
| Net profit | 0.6B EUR | -41% |
| Total assets | 3B EUR | +27% |
| Equity | 2.3B EUR | +33% |
| Employees | 322 | — |
Company information
Legal name
Nokia Technologies Oy
Y-tunnus number
2655044-9
Legal form
Osakeyhtiö
Founded
19 November 2014 · 11 years
Share capital
EUR 2,500
Employees
322 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja toimitusjohtaja kumpikin yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimialana on kaikki laillinen liiketoiminta.
(no translation available)
Contact
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Financial development
In its most recent annual report (2025), Nokia Technologies Oy reported revenue of €1.5bn, a decrease of 21% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of €565.8m, and the EBITDA margin stood at 64.7%.
At the end of 2025, equity financed 74.9% of the balance sheet, and current assets covered short-term debt 4.8 times.
Financials
Revenue
EUR millionsEBITDA
EUR millionsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1,515,847 | 1,916,128 | 56,771 | 1,095,583 | 1,296,655 |
| Staff expenses | -43,544 | -1,262,779 | -12,041 | -24,588 | -16,850 |
| EBITDA | 980,242 | 1,041,064 | 44,731 | 785,973 | 1,066,805 |
| Depreciation & amort. | -0 | -0 | -0 | -556,303 | -556,156 |
| EBIT | 980,242 | 1,041,064 | 44,731 | 229,670 | 510,649 |
| Net financials | 0 | 1,106,209 | — | -87,679 | -57,680 |
| Profit before tax | 648,601 | 25,056,562 | — | 344,645 | 455,427 |
| Tax | 141,406 | 239,915 | — | -62,662 | 88,156 |
| Net profit | 565,837 | 958,877 | — | 407,307 | 367,271 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 3,044,662 | 2,393,803 | 0 | 4,085,087 | 4,274,184 |
| Equity | 2,281,157 | 1,715,320 | 0 | 2,220,819 | 2,165,635 |
| Long-term debt | 184,329 | 61,970 | 0 | 1,496,680 | 1,700,369 |
| Short-term debt | 512,897 | 552,977 | 236,315 | 367,589 | 408,180 |
| Total debt | 697,227 | 614,946 | 0 | 1,864,269 | 2,108,549 |
Financial ratios
5-year trendEBITDA margin
64.7 %
20212025
Equity ratio
74.9 %
AverageAround the average of companies in the same industry
20212025
Return on equity
24.8 %
StrongAmong the 40% highest rated companies in the industry
20212025
Net profit margin
37.3 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
0.50×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
0.33×
AverageAround the average of companies in the same industry
20212025
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery strong
Among the 10% highest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery strong
Among the 20% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 40% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 20% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioStrong
Among the 30% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioStrong
Among the 30% highest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalAverage
Around the average of companies in the same industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 40% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via PRH / YTJ · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via PRH / YTJ · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via PRH / YTJ · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via PRH / YTJ · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (22) | ||
JP Confidential Clerk | Confidential Clerk | 2018 |
EH Confidential Clerk | Confidential Clerk | 2026 |
RA Confidential Clerk | Confidential Clerk | 2018 |
JT Confidential Clerk | Confidential Clerk | 2018 |
SE Confidential Clerk | Confidential Clerk | 2022 |
AH Confidential Clerk | Confidential Clerk | 2018 |
SR Confidential Clerk | Confidential Clerk | 2018 |
MR Confidential Clerk | Confidential Clerk | 2018 |
AM Confidential Clerk | Confidential Clerk | 2025 |
AJ Confidential Clerk | Confidential Clerk | 2018 |
VM Confidential Clerk | Confidential Clerk | 2019 |
RM Confidential Clerk | Confidential Clerk | 2018 |
LJ Confidential Clerk | Confidential Clerk | 2018 |
TT Confidential Clerk | Confidential Clerk | 2021 |
TP Confidential Clerk | Confidential Clerk | 2018 |
MS Confidential Clerk | Confidential Clerk | 2019 |
PS Confidential Clerk | Confidential Clerk | 2018 |
HA Confidential Clerk | Confidential Clerk | 2018 |
TS Confidential Clerk | Confidential Clerk | 2021 |
TS Confidential Clerk | Confidential Clerk | 2019 |
JV Confidential Clerk | Confidential Clerk | 2018 |
KM Confidential Clerk | Confidential Clerk | 2021 |
Former (21)
WK Confidential Clerk | Confidential Clerk | 2020 – 2022 |
PM Confidential Clerk | Confidential Clerk | 2022 – 2026 |
KK Confidential Clerk | Confidential Clerk | 2018 – 2025 |
JM Confidential Clerk | Confidential Clerk | 2018 – 2026 |
EK Confidential Clerk | Confidential Clerk | 2018 – 2020 |
HN Confidential Clerk | Confidential Clerk | 2018 – 2024 |
JR Confidential Clerk | Confidential Clerk | 2018 – 2025 |
MU Confidential Clerk | Confidential Clerk | 2018 – 2020 |
PH Confidential Clerk | Confidential Clerk | 2018 – 2020 |
MF Confidential Clerk | Confidential Clerk | 2019 – 2021 |
SA Confidential Clerk | Confidential Clerk | 2018 – 2021 |
MJ | Audit | 2020 – 2023 |
HP Confidential Clerk | Confidential Clerk | 2020 – 2024 |
TE Confidential Clerk | Confidential Clerk | 2018 – 2021 |
PA | Audit | 2017 – 2020 |
JK Confidential Clerk | Confidential Clerk | 2018 – 2022 |
HT Confidential Clerk | Confidential Clerk | 2018 – 2021 |
MT Confidential Clerk | Confidential Clerk | 2018 – 2022 |
JT Confidential Clerk | Confidential Clerk | 2018 – 2021 |
AJ Confidential Clerk | Confidential Clerk | 2024 – 2026 |
TI Confidential Clerk | Confidential Clerk | 2024 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
PM Chairperson | Chairperson | 2025 |
TS Board of Directors | Board of Directors | 2026 |
MT Board of Directors | Board of Directors | 2022 |
Former (6)
ST Board of Directors | Board of Directors | 2018 – 2019 |
UM Board of Directors | Board of Directors | 2018 – 2022 |
EH Board of Directors | Board of Directors | 2023 – 2026 |
EK Board of Directors | Board of Directors | 2018 – 2020 |
KI Board of Directors | Board of Directors | 2020 – 2023 |
JK Chairperson | Chairperson | 2018 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
Nokia Oyj
Nokia Technologies Oy Board network connections
Board members of Nokia Technologies Oy also hold positions in 95 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Marika Johanna Nevalainen | Audit | 7 companiesMany roles |
| Sonja Aurora London | Confidential Clerk | 6 companiesMany roles |
| Anne Marita Vesalainen | Confidential Clerk | 5 companies |
| Pasi Antero Karppinen | Audit | 5 companies |
| Jenni Karoliina Lukander | Confidential Clerk | 5 companies |
| Eeva Helena Wetterstrand | Confidential Clerk | 4 companies |
| Eeva Kaarina Hakoranta | Confidential Clerk | 4 companies |
| Antti Jussi Rouhesmaa | Confidential Clerk | 4 companies |
| Kirsi Marjukka Irena Talvimäki | Confidential Clerk | 4 companies |
| Katherine Ingrid Viitanen | Board of Directors | 4 companies |
| Patrik Matti Gustav Hammarén | Confidential Clerk | 3 companies |
| Paul Henry Kristian Melin | Confidential Clerk | 3 companies |
| Teemu Sakari Itälä | Confidential Clerk | 3 companies |
| Jyri Petteri Huopaniemi | Confidential Clerk | 2 companies |
| Jan Mikael Sandström | Confidential Clerk | 2 companies |
| Jari Tapio Alvinen | Confidential Clerk | 2 companies |
| Sami Ensio Saru | Confidential Clerk | 2 companies |
| Hanna-Liisa Nuortila | Confidential Clerk | 2 companies |
| Aura Helena Möttönen | Confidential Clerk | 2 companies |
| Merja Riitta Leväjärvi | Confidential Clerk | 2 companies |
| Hannu Pekka Kauppinen | Confidential Clerk | 2 companies |
| Teo Eerik Taponen | Confidential Clerk | 2 companies |
| Leena Johanna Hyvärinen | Confidential Clerk | 2 companies |
| Mikko Tuomas Tiusanen | Confidential Clerk | 2 companies |
| Antti Johannes Härmänmaa | Confidential Clerk | 2 companies |
| Jérémie Vaquer | Confidential Clerk | 2 companies |
| Tuuli Inkeri Timonen | Confidential Clerk | 2 companies |
| Sami Tapio Uskela | Board of Directors | 2 companies |
| Riikka-Leena Ainasto | Confidential Clerk | 1 company |
| Mika Untamo Anttila | Confidential Clerk | 1 company |
| Sannamari Riekkinen | Confidential Clerk | 1 company |
| Robert Martin Gray | Confidential Clerk | 1 company |
| Teemu Pekka Soininen | Confidential Clerk | 1 company |
| Piia Susanna Martikainen | Confidential Clerk | 1 company |
| Janne Tapio Laakso | Confidential Clerk | 1 company |
| Ulla Maaret James | Board of Directors | 1 company |
Frequently asked questions
What is the Y-tunnus number of Nokia Technologies Oy?
Nokia Technologies Oy is registered with PRH / YTJ under Y-tunnus 2655044-9.
What is the revenue of Nokia Technologies Oy?
Nokia Technologies Oy reported revenue of €1.5bn in 2025.
How many employees does Nokia Technologies Oy have?
Nokia Technologies Oy employs 322 people as of the latest annual report.
Who is the chairman of Nokia Technologies Oy?
Patrik Matti Gustav Hammarén chairs the board of Nokia Technologies Oy, in role since 2025.
Where is Nokia Technologies Oy headquartered?
Nokia Technologies Oy's registered address is Karakaari 7.