Dividends
- Nokia Corporation declares a dividend of EUR 0.04 per share. The dividend record date is 28 April 2026 and the dividend will be paid on 7 May 2026. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.
- Under the authorization by the Annual General Meeting held on 9 April 2026, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of financial year 2025. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period unless the Board decides otherwise for a justified reason.
- Following this announced distribution, the Board’s remaining distribution authorization is a maximum of EUR 0.10 per share.
Other Financial Highlights
- Q1 comparable net sales grew 4% y-o-y on a constant currency and portfolio basis (+2% reported).
- Network Infrastructure net sales grew 6% y-o-y on a constant currency and portfolio basis with a strong contribution from Optical Networks which grew 20%. Net sales from AI & Cloud customers grew 49%.
- Mobile Infrastructure net sales grew 3% y-o-y on a constant currency basis. Core Software grew 5% while Radio Networks was flat and Technology Standards grew 10% with several new deals signed in the quarter.
- Q1 comparable gross margin expanded 320bps y-o-y to 45.5%. Reported gross margin increased 270bps to 44.2%. Q1 comparable operating margin increased 200bps y-o-y to 6.2%. Reported operating margin expanded 190bps to 1.4%. Q1 comparable diluted EPS of EUR 0.05; reported diluted EPS for the period of EUR 0.02. Q1 free cash flow of EUR 0.6 billion, net cash balance of EUR 3.8 billion.
- Nokia's full year outlook is unchanged. Nokia targets EUR 2.0 to 2.5 billion of comparable operating profit.
