| Final | time | | | 1. Taisto Mäki |  FIN | 14:26.8 | CR | | 2. Henry Jonsson |  SWE | 14:27.4 | | | 3. Kauko Pekuri | FIN | 14:29.2 | | | 4. Jack Emery |  GBR | 14:46.2 | | | 5. Noji Józef |  POL | 14:47.8 | | | 6. Morrison Carstairs | GBR | 14:51.3 | | | 7. András Csaplár |  HUN | 14:52.4 | | | 8. Roger Rochard |  FRA | 14:55.6 | | | 9. Odd Rasdal |  NOR | 15:01.0 | | | 10.Gottfried Utiger |  SUI | 15:42.0 | | | 11.Jean Deloge |  LUX | 15:48.0 | | | -. Roger Normand | FRA | DNF | | | -. István Simon | HUN | DNF | |
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| History Men 5000m | | World and European Record: Lehtinen (FIN) 14.17.0 | | Championship Record: Rochard (FRA) 14:36.9 |
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| Best 1938 | | 1. Kauko Pekuri | FIN | 14:29.2 | 3. | | 2. Henry Jonsson | SWE | 14:27.4 | 2. | | 3. Taisto Maeki | FIN | 14:26.8 | 1. | | 7. Roger Rochard | FRA | 14:55.6 | 8. | | Other participants | | 4. Siefert | DEN | | -?? | | 5. Rasdal | NOR | | -?? | | 6. Jozef Noji | POL | | 5. | | 8. John Emery | GBR | | 4. | | 9. Simon | HUN | | -?? | | 10.Andras Csaplar | HUN | | 7. | | 11.George Carstairs | GBR | | 6. | | 12.Roger Normand | FRA | | 12. | | 13.Utiger | SUI | | 10. | | 14.Medinger | LUX | | -?? | | 15.Deloge | LUX | | -?? | | 16.Jansson | SWE | | -?? |
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