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Nokia's net sales surged by 10% year-on-year in the fourth quarter of 2024, although full-year net sales witnessed a 9% decrease, primarily impacted by a lull in the Indian market. The company is currently undergoing a strategic transformation, emphasizing high-value software and services. The Network Infrastructure and Technologies segment emerged as the key growth engine, while patent licensing revenues also recorded a notable uptick. For 2025, Nokia anticipates a comparable operating profit range of 1.9 to 2.4 billion euros, with a free cash flow conversion rate between 50% and 80%. Furthermore, the company's acquisition of Infinera is progressing smoothly and is anticipated to conclude in the first quarter of 2025. Notably, the financial report omitted any mention of consumer products or the smartphone business.
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