Company Structure

• Nokia is divided into four business segments i.e. Nokia Networks, Nokia Software, Nokia Technologies, and Group Common and Other.
• Nokia reports revenue information for the above four business segments on a quarterly and yearly basis. Consequently, these business segments can be assumed to be Nokia's major business units.
• Nokia's biggest business segment is Nokia Networks, which is divided into Mobile Access, Fixed Access, IP Routing, and Optical Networks. In terms of size, Nokia Networks is followed by Nokia Software, then Nokia Technologies, and Group Common and Other.
• Additionally, the company is also divided into seven business groups i.e. Mobile Networks, Fixed Networks, Nokia Software, Nokia Technologies, Global Services, IP/Optical Networks, and Nokia Enterprise.
• In 2019, the company did not provide a financial performance breakdown of its seven business groups.

Revenue

• In 2019, Nokia posted an overrall revenue of €23.315 billion. This revenue represented a growth of 3% from 2018. Additional information on this can be found on page 05 of Nokia's 2019 financial report.
• This revenue was divided among the company's four business segments as follows: Nokia Networks - €18.209 billion, Nokia Software - €2.767 billion, Nokia Technologies - €1.487 billion, and Group Common and Other - €952 million. Additional information on this can be found on page 04 of Nokia's 2019 financial report.
• Nokia Networks' performance was further segmented as follows: Mobile Access - €11.655 billion, Fixed Access - €1.881 billion, IP Routing - €2.921 billion, and Optical Networks - €1.752 billion. Additional information on this can be found on page 04 of Nokia's 2019 financial report .

Profits

• As mentioned earlier, Nokia registered an overall profit of 3% from 2018 i.e. the company's revenue increased from €22.563 billion in 2018 to €23.315 billionin 2019. Additional information on this can be found on page 48 of Nokia's 2019 financial report.
• The company's business segments also registered a change in their profits frome 2018 to 2019 as follows:
• Nokia Networks - 5% increase from €17.404 billion in 2018 to €18.209 billion in 2019.
• Nokia Software - 2% increase from €2.713 billion in 2018 to €2.767 billion in 2019.
• Nokia Technologies - 1% decrease from 1.501 billion in 2018 to €1.487 billion in 2019.
• Group Common and Other - 7% decrease from 1.025 billion in 2018 to €952 million in 2019.

Customers

• Nokia has four major customer types i.e. communication service providers, enterprises, licensees, and other.
• In 2019, these four customer types registered revenues of communication service providers - €19.558 billion, enterprises - €1.409 billion, licensees - €1.487 billion, and other - €861 million. Additional information on this can be found on page 48 of Nokia's 2019 financial report.