Consensus and analyst coverage

Consensus

Disclaimer

The data contained herein is a collation of financial estimates from third parties provided by Infront, an independent consensus service provider, as at the date stated above. Nokia has not undertaken to, and will not, independently verify such third-party data. Nokia does not represent or warrant the accuracy, completeness, timeliness or validity of any of the data contained herein, nor the figures or calculations arising from, or associated with, this data. It should be noted that estimates are, by definition, forward-looking and are therefore subject to risks and uncertainties and actual results may differ significantly from the estimates. Nothing on this website should be construed as a solicitation, offer or recommendation to buy or sell Nokia shares, securities, or other financial instruments or to take any other action on reliance of the data contained herein. Neither Nokia nor any of its subsidiary nor any director, officer or employee of Nokia or its subsidiary shall liable for any loss or damage (consequential or otherwise, including without limitation, any decline in value and loss realised), arising from, whether directly or indirectly, reliance on, or use of, the data available herein and/or the associated calculations, nor for any errors or omissions in its content.

While Nokia will endeavour to keep the information up-to-date, Nokia does not undertake any obligation to update or revise any information contained herein, and/or the estimates and assumptions associated with such information, after the date above, except as required by applicable laws or regulations.

Analyst coverage

Firm

Analyst

ABG

Simon Granath

Alphavalue

Sejal Varshney

Arete Research

Richard Kramer

Argus Research

James Kelleher

Banco Sabadell

Alvaro del Pozo

Bank of America

Didier Scemama

Barclays

Simon Coles

Bernstein

Ulrich Rathe

Charter Equity

Ed Snyder

Citi

Andrew Gardiner

Craig Hallum Capital Group

Christian Schwab

Danske Bank

Sami Sarkamies

Day by Day

Valerie Gastaldy

Deutsche Bank

Rob Sanders

DNB Carnegie

Emil Immonen

DZ Bank

Ingo Wermann

Exane BNP Paribas

Jakob Bluestone

Goldman Sachs

Alexander Duval

Handelsbanken

Daniel Djurberg

Independent Research

Marcus Jost

Inderes

Atte Riikola

ISS-EVA

Anthony Campagna

Jefferies

Janardan Menon

JP Morgan

Sandeep Deshpande

Kepler Chevreux

Sebastien Sztabowicz

Landesbank Baden-Wuerttemberg

Mirko Maier

Morgan Stanley

Terence Tsui

Morningstar

Samuel Siampaus

New Street Research

Pierre Ferragu

Nord/LB

Wolfgang Donie

Nordea

Felix Henriksson

Northland Securities

Tim Savageaux

Oddo Securities

Stephane Houri

OP Financial Group

Kimmo Stenvall

Raymond James

Simon Leopold

Santander

Carlos Treviño

SEB Enskilda

Artem Beletski

UBS

Francois-Xavier Bouvignies

This list of analyst coverage is provided for informational purposes only. It may change without notice, and may not be complete or up to date. Any estimates, forecasts, opinions, analysis or predictions regarding Nokia's performance made by these analysts are theirs alone and do not represent estimates, forecasts, opinions, analysis or predictions of Nokia or its management, and Nokia’s actual performance may vary significantly from such estimates. Nokia does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.