• Nokia average ebitda margin for 2023 was 13.3%, a 4.86% increase from 2022.
• Nokia average ebitda margin for 2022 was 13.98%, a 8.37% decline from 2021.
• Nokia average ebitda margin for 2021 was 12.9%, a 19.78% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.