What is the biggest company in Finland?

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The largest company in Finland is currently Nokia. Nokia is an international telecommunications and technology company, which is known especially for its mobile phones and network technology. The company was founded in 1865, and its head office is located in Espoo, Finland.

History and development of Nokia

Nokia started as a paper factory, but over the years it has expanded its operations into various fields, such as rubber products, cables and electronics. In the 1990s, Nokia emerged as a globally known mobile phone manufacturer, and was the market leader in its field for a long time.

Current Activity

Today, Nokia mainly focuses on network technology and digital infrastructure solutions. The company offers, among other things, 5G technology, cloud services and IoT solutions. Nokia’s business is divided into several different segments, such as:

  • Network infrastructure: Offers solutions for mobile and fixed network infrastructure.
  • Cloud and online services: Focuses on cloud services and software.
  • Technologies: Includes patents and licensing.

Financial figures and market position

Nokia is listed on the Helsinki Stock Exchange and the New York Stock Exchange. The company’s turnover in 2022 was around 22 billion euros, and it has more than 90,000 employees around the world. Nokia’s market value and financial performance make it the largest company in Finland.

Challenges and future prospects

Although Nokia is still a major player in the technology sector, it faces tough competition, especially from Chinese and American companies such as Huawei and Ericsson. Nokia’s future success depends on its ability to innovate and adapt to rapidly changing market conditions.

More information about Nokia’s history and current operations can be found at Nokia’s official website.

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