Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: €0.02 (vs €0.03 in 2Q 2025) Second quarter 2026 results: EPS: €0.02 (down from €0.03 in 2Q 2025). Revenue: €39.8m (up 8.0% from 2Q 2025). Net income: €4.10m (down 19% from 2Q 2025). Profit margin: 10% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.31, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Software industry in Germany. Total returns to shareholders of 4.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.04 per share. Annuncio • May 26
F-Secure and Ntt Docomo Launch New Anshin Security Plans with Scam Protection Features in Japan F-Secure announced the expansion of its partnership with NTT DOCOMO, INC. with the launch of two new security plans that bring stronger scam protection to DOCOMO customers. The new "Anshin Security Standard Plan - Scam Protection Plus" and "Anshin Security Total Plan - Scam Protection Plus" will be available later this month. The new plans include F-Secure's scam protection features, such as scam checking and fake image detection. According to new research from F-Secure, more than 56% of all consumers are targeted by scammers each month, and financial scam losses have doubled in the last year alone. Annuncio • May 22
F-Secure Announces F-Secure Trust to Redefine Consumer Protection in the Agentic AI Era F-Secure set out its vision for trust as the defining commercial opportunity of the agentic AI era, announcing F-Secure Trust alongside its strategic alliance with Quantum AI Lab Qutwo. F-Secure Trust introduces a new generation of protection capabilities designed for a world in which AI agents act on consumers' behalf — establishing trusted digital experiences as the defining standard for consumer security in the agentic era. F-Secure's response is built on two fundamental shifts: from protection to resilience, and from security to trust. F-Secure Trust provides continuous protection across entire digital flows — from first search to final delivery, across every device and step, whether driven by the consumer or their AI agent. Under F-Secure Trust, two standout capabilities are in development: F-Secure TrustPath: a first-of-its-kind approach that secures entire digital lifestyle flows end-to-end — mapping every touchpoint from discovery to delivery under a single trusted experience. F-Secure TrustGuard: a protection layer around AI interactions, helping consumers engage confidently in an AI-mediated environment. F-Secure Trust capabilities are expected to enter beta phase in Fourth Quarter 2026 and production phase in First Quarter 2027. F-Secure's research shows that 93% of consumers think it is important their digital service provider offers protection, and 82% say security influences their choice of provider. F-Secure Trust is building the capability to serve them directly as well. F-Secure's position in the trust economy is grounded in a record that cannot be manufactured at speed: 38 years of protecting consumers, partnerships with over 200 organizations globally, and a direct-to-consumer presence. F-Secure Trust extends that expertise across every route to market. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Wilhelm Lamptey was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 20
F-Secure Oyj to Report Fiscal Year 2025 Final Results between Feb 23, 2026 and Feb 27, 2026 F-Secure Oyj announced that they will report fiscal year 2025 final results on between Feb 23, 2026 and Feb 27, 2026 Annuncio • Jan 22
F-Secure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026 F-Secure Oyj announced that they will report fiscal year 2025 results at 8:00 AM, E. Europe Standard Time on Feb 05, 2026 Annuncio • Jan 14
F-Secure Corporation Announces Executive Changes F-Secure Corporation's SVP, Corporate Development and a member of the Leadership Team, Antero Norkio, has decided to leave the Company to pursue new opportunities. He will continue in the company until January 30, 2026. Jyrki Tulokas (born 1975) has been appointed as Chief Strategy Officer (CSO) and a member of the Leadership Team of F-Secure Corporation. He will start in this position as of February 2, 2026. Jyrki has over 25 years of experience bridging complex technology and commercial growth. He has held diverse leadership roles as Chief Strategy Officer, Chief Technology Officer, Chief Digital Officer, as well as various product leadership positions across B2B SaaS, B2B2C SaaS, consumer electronics, and high-volume retail. Most recently, Jyrki has served as Chief Strategy Officer and Chief Technology Officer at Verkkokauppa.com since 2021, guiding strategic direction and leading the company’s technology development including AI, automation, cybersecurity, and digital transformation for one of the Nordic region's largest e-commerce companies. Before joining Verkkokauppa.com, Jyrki spent over two decades in F-Secure, where he held several senior leadership roles including Chief Strategy Officer, Executive Vice President of Cyber Security Products and Consulting, and Executive Vice President and Chief Technology Officer. At F-Secure, he will report to F-Secure President & CEO Timo Laaksonen and will be based at the company headquarters in Helsinki. Annuncio • Nov 21
F-Secure Oyj, Annual General Meeting, Mar 25, 2026 F-Secure Oyj, Annual General Meeting, Mar 25, 2026. Annuncio • Jul 10
F-Secure Corporation Lowers Earnings Guidance for the Full Year 2025 F-Secure Corporation lowered earnings guidance for the full year 2025. For the period, the company expects low single-digit currency-neutral revenue growth for 2025 against mid-single digit revenue growth for 2025 as mentioned in previous outlook. From an operational perspective, the adoption of new security services by Tier1 customers has progressed slower than expected. In addition, the closing of new Tier 1 deals, both with existing and new partners, has been delayed due to factors such as organizational changes, shifting priorities, limited resources, and evolving business cases. More than 10% weakening of the U.S. dollar during the first half of the year has a strong impact, resulting in a negative effect of more than EUR 3 million on full-year forecast compared to the level at the beginning of 2025. The revised profitability guidance reflects the revenue decline. While cost control has remained disciplined, F-Secure’s business model limits the ability to fully offset the lower revenue through cost reductions alone. Despite these challenges, F-Secure maintains a strong opportunity pipeline and remains optimistic about future growth. Annuncio • Apr 16
Fredrik Torstensson Joins F-Secure as Chief Partner Business Officer F-Secure announced the appointment of Fredrik Torstensson as Chief Partner Business Officer. With decades of experience in the cyber security and wireless industry, Torstensson brings a proven track record of driving sustainable growth and forging strategic partnerships. His leadership will play a pivotal role in accelerating F-Secure's go-to-market transformation and strengthening its global service provider business. The appointment also brings valuable insight and energy to F-Secure's global partner strategy, underlining its commitment to strengthening its partner ecosystem and expanding its influence across key sectors. Torstensson brings a history of success in the security and wireless industry, having most recently served as Senior Vice President of Sales at Samsung Electronics America, where he spearheaded impressive market share growth and cultivated key customer relationships with major service providers. His expertise in service offering positioning and extensive relationships in the telecommunications industry uniquely position him to lead F-Secure's partner organization and drive revenue growth. As Chief Partner Business Officer, Torstensson will oversee: Strategic alignment of all sales to Tier 1 service providers under a global leadership. Revenue generation initiatives focused on sustainable growth and long-term value creation. Ensuring F-Secure's security solutions and services meet Tier 1 partner requirements and capitalize on emerging market trends and innovative value propositions. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: €0.04 (vs €0.03 in 3Q 2023) Third quarter 2024 results: EPS: €0.04 (up from €0.03 in 3Q 2023). Revenue: €36.3m (up 3.5% from 3Q 2023). Net income: €6.71m (up 24% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Annuncio • Oct 25
F-Secure Oyj, Annual General Meeting, Apr 01, 2025 F-Secure Oyj, Annual General Meeting, Apr 01, 2025. Annuncio • Sep 23
F-Secure Oyj(HLSE:FSECURE) dropped from S&P Global BMI Index F-Secure Oyj(HLSE:FSECURE) dropped from S&P Global BMI Index Upcoming Dividend • Sep 19
Upcoming dividend of €0.035 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.1%). Annuncio • Sep 12
F-Secure Corporation Appoints Bruno Rodriguez as Chief Revenue Officer Bruno Rodriguez (born 1973, MBA) has been appointed as Chief Revenue Officer (CRO) and a member of the Leadership Team of F-Secure Corporation. In this new role, he will be leading the global sales and revenue strategy of F-Secure from his base of residence in Bilbao, Spain. He will start on 1 October 2024 and report to Timo Laaksonen, President and CEO of F-Secure. Rodriguez brings more than 20 years of experience in various global executive positions in international sales management and business development. He will join F-Secure from Bitdefender, where he has worked in various leadership positions since 2012, and most recently as President & Senior Director of Global Sales, Service Providers. Prior to that, he spent more than five years in various management positions at Panda Security and more than five years at Euskaltel, a telecommunications company in Spain. Following the aforementioned change, the composition of F-Secure Leadership Team is as follows: Timo Laaksonen, President & Chief Executive Officer, Richard Larcombe, Chief Marketing Officer, Nina Lehto, Senior Vice President, Services, Antero Norkio, Senior Vice President, Corporate Development, Bruno Rodriguez, Chief Revenue Officer, Sari Somerkallio, Chief Financial Officer, Kaisa Tikka-Mustonen, Chief People Officer, TL Viswanathan, Chief Product Business Officer, and Toby White, Chief Technology Officer. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: €0.03 (vs €0.04 in 2Q 2023) Second quarter 2024 results: EPS: €0.03 (down from €0.04 in 2Q 2023). Revenue: €36.5m (up 20% from 2Q 2023). Net income: €5.42m (down 22% from 2Q 2023). Profit margin: 15% (down from 23% in 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Annuncio • Jul 18
F-Secure Oyj Reaffirms Earnings Guidance for the Year 2024 F-Secure Oyj reaffirmed earnings guidance for the year 2024. The company estimates that revenue for 2024 will be in the range of EUR 142 million to EUR 152 million. Annuncio • Jun 13
F-Secure Corporation Announces Executive Changes F-Secure Corporation announced that Nina Lehto(born 1976, LL.M.) has been appointed as Senior Vice President, Services and a member of the Leadership Team of F-Secure Corporation. She will be based in Helsinki, Finland and report to Timo Laaksonen, President and CEO of F-Secure. Lehto will start in her position on 26 August 2024. Lehto has an extensive background in building and leading service and business organizations in global technology companies. She will join F-Secure from Nokia, where she has worked in various leadership positions since 2018. Most recently, she has served as Head of Charging and Mediation Portfolio and Product Management. Prior to that, she held different management positions in Comptel Corporation. Lehto has versatile experience in technology and partner management, as well as in leading big transformation projects. Following this change, Mikko Kestilä, currently Senior Vice President, Services, will step down from the F-Secure Leadership Team on his own request for personal reasons and will transfer to a new role inside the company during the fourth quarter of 2024. He will continue contributing to F-Secure strategy execution as part of the Extended Leadership Team. In the short term he will be ensuring a smooth onboarding of the new SVP Services as well as the new Chief Revenue Officer. Annuncio • May 08
F-Secure Appoints Kaisa Tikka-Mustonen as Chief People Officer F-Secure has hired Kaisa Tikka-Mustonen as Chief People Officer and as a member of the Leadership Team as of September 2, 2024. She will report to Timo Laaksonen, President and CEO of F-Secure. Tikka-Mustonen has over 15 years of experience in strategic human resources management positions in both scale-ups and large international companies. She has worked in various sectors and her experience covers various industries, from scale-up consulting to high growth digital payments and global technology consulting. Tikka-Mustonen will join F-Secure from Helvar, where she holds the position of Chief People Officer, being responsible for Helvar's culture development and global people practices. Before that, she has held human resources positions at Nordcloud, Nets and Tieto. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: €0.03 (vs €0.04 in 1Q 2023) First quarter 2024 results: EPS: €0.03 (down from €0.04 in 1Q 2023). Revenue: €36.4m (up 31% from 1Q 2023). Net income: €5.53m (down 18% from 1Q 2023). Profit margin: 15% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Annuncio • Apr 28
F-Secure Oyj Reaffirms Earnings Guidance for the Year 2024 F-Secure Oyj reaffirmed earnings guidance for the year 2024. The company estimates that revenue for 2024 will be in the range of EUR 142 million to EUR 152 million. Annuncio • Apr 03
F-Secure Corporation Announces Appointment of Thomas Jul as Member of the Personnel and Nomination Committee F-Secure Corporation’s Board of Directors has appointed a new member to the Board of Directors’ Personnel and Nomination Committee, established on 13 March 2024. Thomas Jul, F-Secure Board member since 2022 has been appointed member of the Personnel and Nomination Committee. As of 3 April 2024, the composition of the Personnel and Nomination Committee is as follows: Pertti Ervi, Chair of the Personnel and Nomination Committee, Thomas Jul, member of the Personnel and Nomination Committee, Risto Siilasmaa, member of the Personnel and Nomination Committee. Upcoming Dividend • Mar 07
Upcoming dividend of €0.035 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 22 March 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Declared Dividend • Feb 26
Dividend of €0.035 announced Shareholders will receive a dividend of €0.035. Ex-date: 14th March 2024 Payment date: 22nd March 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (55% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: €0.13 (vs €0.17 in FY 2022) Full year 2023 results: EPS: €0.13 (down from €0.17 in FY 2022). Revenue: €130.4m (up 17% from FY 2022). Net income: €22.4m (down 26% from FY 2022). Profit margin: 17% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Germany. Annuncio • Feb 16
F-Secure Corporation Proposes Dividend, Payable on 22 March 2024 and 4 October 2024 Respectively F-Secure Corporation of the Annual General Meeting to be held on 13 March 2024 announced that its Board of Directors proposes to the Annual General Meeting that based on the balance sheet for the financial year ended on 31 December 2023, a dividend of EUR 0.07 per share be paid. The dividend would be paid in two instalments as follows: The first dividend instalment of EUR 0.035 per share would be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 15 March 2024. The Board of Directors proposes to the Annual General Meeting that the first dividend instalment be paid on 22 March 2024. The second dividend instalment of EUR 0.035 per share would be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 27 September 2024. The Board of Directors proposes that the second dividend instalment be paid on 4 October 2024. Annuncio • Feb 10
F-Secure Oyj Announces Resignation of Kitta Virtavuo as Chief People Officer F-Secure Oyj announced that Kitta Virtavuo, Chief People Officer and a member of F-Secure Leadership Team, has decided to leave F-Secure to pursue other career opportunities outside the company. Virtavuo will continue in her current role until April 2024, ensuring smooth handover of her duties. Following the aforementioned change in April, the members of the Leadership Team are: Timo Laaksonen, President & Chief Executive Officer, Firas Azmeh, Chief Revenue Officer, Mikko Kestilä, Senior Vice President, Services, Richard Larcombe, Chief Marketing Officer, Antero Norkio Senior, Vice President, Corporate Development, Sari Somerkallio, Chief Financial Officer,TL Viswanathan, Chief Product Business Officer, Toby White, Chief Technology Officer. F-Secure will commence the recruitment process for Virtavuo’s successor immediately. Annuncio • Dec 13
F-Secure Oyj Announces Changes in the Leadership Team of F-Secure Corporation F-Secure has reorganized its global operating model and personnel to align with the strategic priorities and financial targets of the company. As a result of that process, the following Leadership Team appointments will be made as of 1 January 2024: Mikko Kestilä (born 1967, M.S. in electrical engineering), has been appointed Senior Vice President, Services and member of the F-Secure Leadership Team. He will report to Timo Laaksonen, President and CEO of F-Secure Corporation. Kestilä has been working at F-Secure since 2016, and most recently he has held the position of Vice President, Delivery and Success Services within the Commercial organization. Kestilä is based in Helsinki, Finland. Firas Azmeh (born 1969, MBA), currently Chief Commercial Officer will assume a new position as Chief Revenue Officer while continuing as a member of the Leadership Team. Azmeh joined F-Secure in June 2023 following the acquisition of Lookout Life. He will continue to report to the President and CEO Timo Laaksonen. Azmeh is based in San Francisco, CA.Following the aforementioned changes, the members of the Leadership Team are: Timo Laaksonen, President & Chief Executive Officer, Sari Somerkallio, Chief Financial Officer, TL Viswanathan, Chief Product Business Officer, Toby White, Chief Technology Officer, Firas Azmeh, Chief Revenue Officer, Richard Larcombe, Chief Marketing Officer, Kitta Virtavuo, Chief People Officer, Mikko Kestilä, Senior Vice President, Services, Antero Norkio, Senior Vice President, Corporate Development. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €1.87, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Software industry in Germany. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.72 per share. New Risk • Jul 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments). Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: €0.04 (vs €0.05 in 2Q 2022) Second quarter 2023 results: EPS: €0.04 (down from €0.05 in 2Q 2022). Revenue: €30.5m (up 12% from 2Q 2022). Net income: €6.98m (down 25% from 2Q 2022). Profit margin: 23% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Software industry in Germany. Annuncio • Jun 03
F-Secure Oyj (HLSE:FSECURE) acquired Lookout Life from Lookout, Inc. F-Secure Oyj (HLSE:FSECURE) entered into an agreement to acquire Lookout Life from Lookout, Inc. for approximately €200 million on April 26, 2023. The acquisition will be financed with debt for which a new facilities agreement has been entered into with Danske Bank A/S and OP Corporate Bank plc worth €202 million. The business reported the revenue of €35.9 million, EBITDA of €13.5 million and EBITA of €13.5 million for the period ended January 31, 2023. The transaction is expected to close by the end of June 2023. Carnegie Investment Bank AB, Finland Branch acted as financial advisor to F-Secure. White & Case LLP acted as legal advisor to F-Secure. PricewaterhouseCoopers LLP acted as financial, tax and HR due diligence adviser to F-Secure. Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor to Lookout. Jefferies LLC acted as financial advisor to Lookout.
F-Secure Oyj (HLSE:FSECURE) acquired Lookout Life from Lookout, Inc. on June 1, 2023. Annuncio • Jun 01
F-Secure Oyj Provides Earnings Outlook for the Year 2023 F-Secure Oyj provided earnings outlook for the year 2023. For the period, the company expects revenue to exceed EUR 134 million. Buying Opportunity • Apr 27
Now 21% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be €3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last year. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 8.9% per annum over the same time period. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: €0.17 (vs €0.20 in FY 2021) Full year 2022 results: EPS: €0.17 (down from €0.20 in FY 2021). Revenue: €111.0m (up 4.5% from FY 2021). Net income: €30.2m (down 12% from FY 2021). Profit margin: 27% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Software industry in Germany. Buying Opportunity • Feb 11
Now 20% undervalued Over the last 90 days, the stock is up 2.0%. The fair value is estimated to be €3.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.2% per annum. Earnings is forecast to grow by 16% per annum over the same time period. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Risto Siilasmaa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 20
F-Secure Corporation Provides Revenue Guidance for 2022 F-Secure Corporation provided revenue guidance for 2022. For the period, the company expects revenue to grow by 4-6% year-on-year. Annuncio • Jul 14
F-Secure Oyj to Report First Half, 2022 Results on Jul 20, 2022 F-Secure Oyj announced that they will report first half, 2022 results on Jul 20, 2022 Board Change • Jul 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Risto Siilasmaa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
