Nokia: 5G Expansion & Private Wireless Networks As A Pivotal Growth Lever!

Nokia Corporation reported a strong fourth quarter in 2024, buoyed by improved order trends manifesting as a 9% increase in net sales. This growth was prominently driven by a 17% increase in Network Infrastructure, with IP Networks achieving standout growth of 24%. Nokia Technologies also demonstrated robust performance with several new deals signed, escalating its net sales run rate to EUR 1.3-1.4 billion. Cloud and Network Services experienced a 7% increase in net sales, offsetting a minor headwind from a previous divesture, while Mobile Networks sales began to stabilize with enhanced demand in North America.