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Nokia in 2016

Please note that the contents of this page are a snapshot of the Nokia in 2016 Annual Report. You can find the full Annual Report and Form 20-F below.

Key data

EUR 23.6bn

Net sales


Gross margin

EUR 5.3bn

Net cash as of December 31, 2016

~101 000

Employees at the end of 2016

EUR 4.9bn

R&D investments

EUR 0.17

Proposed dividend per share

2016 highlights

2016 was a year of remarkable change for Nokia.

We started the year primarily as a mobile networks and patent licensing company.

Today we are a fundamentally different company, with a complete portfolio that spans mobile, fixed, cable, routing, optical, standalone software, services, digital health, and VR, as well as licensing activities covering patents, brand, technology, and more.

During this transformation, we delivered solid financial performance, made significant progress integrating Alcatel Lucent, launched compelling innovations for our customers, moved forward with the execution of our strategy, and are on track to meet our commitment to reduce costs by EUR 1.2 billion in full year 2018.

Nokia in 2016 – Transformation for the next 150 years
Nokia in 2016 – a successful first year of combined operations
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Letter from the President and CEO
Letter from our President and CEO
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Consolidated financial statements

Our two main businesses, Nokia’s Networks business, a top provider of mobile connectivity infrastructure and services, and Nokia Technologies, our driver of future innovation and licensing (Nokia’s Networks business and Nokia Technologies, together “Continuing operations”), demonstrated their leadership in their respective fields with solid financial performances.
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Our strategy

Over the next two years, we intend to maintain our leading position with CSPs, while establishing ourselves as a credible and recognized player in our target vertical markets among enterprises.

We strive to sustain and rebuild Nokia as a value-adding consumer brand, earning returns through both our own businesses and licensing.

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Our businesses

We had five business groups in 2016: Mobile Networks, Fixed Networks, IP/Optical Networks and Applications & Analytics (together Nokia’s Networks business); and Nokia Technologies.*

*) The presentation of our businesses in the Nokia in 2016 Annual Report reflects our organizational structure for the year ended December 31, 2016 and therefore excludes the changes announced to our organizational structure on March 17, 2017.

The Networks business
Nokia’s Networks business
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Nokia Technologies
Nokia Technologies
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