Press release 2 October 2020

FIN-FSA completes review of Nokia Corporation’s information disclosure

The Financial Supervisory Authority (FIN-FSA) has reviewed disclosure of information by Nokia Corporation in autumn 2019. At that time, Nokia Corporation’s share price fell substantially after the company had, in its interim financial report, disclosed a changed outlook for 2019 and 2020 and the company’s resolve not to pay Q3 and Q4 dividends for the financial year 2018. The FIN-FSA review concerned whether Nokia Corporation had issued a profit warning as required by regulation.

Based on the review now completed, the FIN-FSA has no comments to make on Nokia Corporation’s information disclosure, and the matter does not give rise to further action. The FIN-FSA finds that Nokia Corporation has not violated the obligation to disclose inside information as soon as possible.

The FIN-FSA review was based on responses provided by Nokia Corporation, which were supported by comprehensive internal documentation.

Further information

Armi Taipale, Head of Department, Capital Markets Supervision. Requests for interviews are coordinated by FIN-FSA communications, tel. +358 9 183 5030, weekdays 9.00–16.00.