19th Jul 2011 13:00
Nokia / Miscellaneous 19.07.2011 14:00 Dissemination of a UK Regulatory Announcement, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Nokia CorporationStock exchange releaseJuly 19, 2011 at 15:00 (CET +1) Espoo, Finland - Nokia today provided historical results for its Devices &Services business, regrouped for comparability purposes according to the newreporting format that reflects the operational structure that became effectiveon April 1, 2011. The historical results set forth below for each quarter and the full year of2010 as well as the first quarter of 2011 are reported results regrouped (on anunaudited basis) for comparability purposes according to Nokia's fourreportable segments effective from April 1, 2011: - Smart Devices (within Devices & Services)- Mobile Phones (within Devices & Services)- NAVTEQ- Nokia Siemens Networks The key financial performance measures provided for these segments include netsales, gross margin as well as an additional measure of profit. For SmartDevices and Mobile Phones, we present these segments' profit contribution,which consists of revenues less these segments' own costs as well as theirdirectly assignable and allocated costs. For NAVTEQ and Nokia Siemens Networks,we present operating profit. Devices & Services Other primarily includes Nokia's luxury phone businessVertu, spare parts, intellectual property royalty income, as well as commonresearch and development expenses. Other income and expenses includes majorrestructuring programs related to the Devices & Services business as well asother unallocated items. It should be noted that the information provided herein is historical andtherefore does not indicate future performance. FIRST QUARTER 2010, REPORTED, EUR million (unaudited) ------------------------------------------------------------------------------------------------------------------------------- Smart Devices Mobile Phones Devices & Devices NAVTEQ Nokia Corporate Elimin Nokia 1-3/2010 1-3/2010 Services Other & 1-3/2010 Siemens Common ations Group 1-3/2010 Service Networks 1-3/2010 1-3/20 1-3/2010 s 1-3/2010 10 1-3/201 0 ------------------------------------------------------------------------------------------------------------------------------ Net sales 3 362 3 194 107 6 663 189 2 718 - -48 9 522 Cost of -2 211 -2 234 -62 -4 507 -29 -1 936 - 28 -6 444 sales ------------------------------------------------------------------------------------------------------------------------------ Gross 1 151 960 45 2 156 160 782 - -20 3 078 profit 1) % of net 34.2 30.1 42.1 32.4 84.7 28.8 32.3 sales Operating -829 -340 -194 -1 363 -237 -1 015 -12 - -2 627 expenses Other 28 - 10 38 - 7 -8 - 37 income and expenses ------------------------------------------------------------------------------------------------------------------------------ Contribut 350 620 -139 ion % of net 10.4 19.4 -129.9 sales ------------------------------------------------------------------------------------------------------------------------------ Operating 831 -77 -226 -20 -20 488 profit 1) % of net 12.5 -40.7 -8.3 5.1 sales ------------------------------------------------------------------------------------------------------------------------------ 1) Elimination of profits recognized in NAVTEQ that are deferred in Devices &Services related to Ovi Maps service sold in combination with Nokia's GPS enabled smartphones. SECOND QUARTER 2010, REPORTED, EUR million (unaudited) Smart Devices Mobile Phones Devices Devices NAVTEQ Nokia Corporate Eliminati Nokia 4-6/2010 4-6/2010 & & 4-6/2010 Siemens Common ons Group Service Service Networks 4-6/2010 4-6/2010 4-6/20 s Other s 4-6/2010 10 4-6/201 4-6/201 0 0 ------------------------------------------------------------------------------------------------------------------------------ Net sales 3 503 3 190 106 6 799 252 3 039 - -87 10 003 Cost of sales -2 374 -2 304 -69 -4 747 -47 -2 170 - 32 -6 932 ------------------------------------------------------------------------------------------------------------------------------ Gross profit 1) 1 129 886 37 2 052 205 869 - -55 3 071 % of net sales 32.2 27.8 34.9 30.2 81.3 28.6 30.7 Operating expenses -848 -374 -206 -1 428 -283 -1 034 -29 - -2 774 Other income and 2 1 16 19 -3 -14 -4 - -2 expenses ------------------------------------------------------------------------------------------------------------------------------ Contribution 283 513 -153 % of net sales 8.1 16.1 -144.3 ------------------------------------------------------------------------------------------------------------------------------ Operating profit 643 -81 -179 -33 -55 295 1) % of net sales 9.5 -32.1 -5.9 2.9 ------------------------------------------------------------------------------------------------------------------------------ 1) Elimination of profits recognized in NAVTEQ that are deferred in Devices &Services related to Ovi Maps service sold in combination with Nokia's GPS enabled smartphones. THIRD QUARTER 2010, REPORTED, EUR million (unaudited) Smart Devices Mobile Phones Devices Devices NAVTEQ Nokia Corporate Eliminati Nokia 7-9/2010 7-9/2010 & & 7-9/2010 Siemens Common ons Group Services Service Networks 7-9/2010 7-9/2010 7-9/20 Other s 7-9/2010 10 7-9/2010 7-9/201 0 ------------------------------------------------------------------------------------------------------------------------------ Net sales 3 612 3 364 197 7 173 252 2 943 - -98 10 270 Cost of sales -2 509 -2 506 -77 -5 092 -39 -2 241 1 42 -7 329 ------------------------------------------------------------------------------------------------------------------------------ Gross profit 1) 1 103 858 120 2 081 213 702 1 -56 2 941 % of net sales 30.5 25.5 60.9 29.0 84.5 23.9 28.6 Operating -773 -382 -184 -1 339 -263 -966 -19 - -2 587 expenses Other income 5 3 57 65 2 -18 - - 49 and expenses ------------------------------------------------------------------------------------------------------------------------------ Contribution 335 479 -7 % of net sales 9.3 14.2 -3.6 ------------------------------------------------------------------------------------------------------------------------------ Operating 807 -48 -282 -18 -56 403 profit 1) % of net sales 11.3 -19.0 -9.6 3.9 ------------------------------------------------------------------------------------------------------------------------------ 1) Elimination of profits recognized in NAVTEQ that are deferred in Devices &Services related to Ovi Maps service sold in combination with Nokia's GPS enabled smartphones. FOURTH QUARTER 2010, REPORTED, EUR million (unaudited) Smart Devices Mobile Phones Devices & Devices NAVTEQ Nokia Corporate Elimina Nokia Group 10-12/2010 10-12/2010 Services & 10-12/201 Siemen Common tions 10-12/2010 Other Service 0 s 10-12/2010 10-12/2 10-12/2010 s Networ 010 10-12/2 ks 010 10-12/ 2010 ------------------------------------------------------------------------------------------------------------------------------ Net sales 4 396 3 947 156 8 499 309 3 961 - -118 12 651 Cost of -3 111 -2 822 -86 -6 019 -38 -2 919 - 52 -8 924 sales ------------------------------------------------------------------------------------------------------------------------------ Gross profit 1 285 1 125 70 2 480 271 1 042 - -66 3 727 1) % of net 29.2 28.5 44.9 29.2 87.7 26.3 29.5 sales Operating -882 -410 -218 -1 510 -288 -1 022 -47 - -2 867 expenses Other income 145 1 -98 48 -2 -19 4 -7 24 and expenses ------------------------------------------------------------------------------------------------------------------------------ Contribution 548 716 -246 % of net 12.5 18.1 -157.7 sales ------------------------------------------------------------------------------------------------------------------------------ Operating 1 018 -19 1 -43 -73 884 profit 1) % of net 12.0 -6.1 0.0 7.0 sales ------------------------------------------------------------------------------------------------------------------------------ 1) Elimination of profits recognized in NAVTEQ that are deferred in Devices &Services related to Ovi Maps service sold in combination with Nokia's GPS enabled smartphones. FULL YEAR 2010, REPORTED, EUR million (unaudited) Smart Devices Mobile Phones Devices & Devices NAVTEQ Nokia Corporate Eliminatio Nokia Group 1-12/2010 1-12/2010 Services & 1-12/20 Siemens Common ns 1-12/2010 Other Services 10 Networks 1-12/2010 1-12/2010 1-12/2010 1-12/201 1-12/2010 0 ------------------------------------------------------------------------------------------------------------------------------ Net sales 14 873 13 695 566 29 134 1 002 12 661 - -351 42 446 Cost of -10 205 -9 866 -294 -20 365 -153 -9 266 1 154 -29 629 sales ------------------------------------------------------------------------------------------------------------------------------ Gross 4 668 3 829 272 8 769 849 3 395 1 -197 12 817 profit 1) % of net 31.4 28.0 48.1 30.1 84.7 26.8 30.2 sales Operating -3 332 -1 506 -802 -5 640 -1 071 -4 037 -107 - -10 855 expenses Other 180 5 -15 170 -3 -44 -8 -7 108 income and expenses ------------------------------------------------------------------------------------------------------------------------------ Contribut 1 516 2 328 -545 ion % of net 10.2 17.0 -96.3 sales ------------------------------------------------------------------------------------------------------------------------------ Operating 3 299 -225 -686 -114 -204 2 070 profit 1) % of net 11.3 -22.5 -5.4 4.9 sales ------------------------------------------------------------------------------------------------------------------------------ 1) Elimination of profits recognized in NAVTEQ that are deferred in Devices &Services related to Ovi Maps service sold in combination with Nokia's GPS enabled smartphones. FIRST QUARTER 2011, REPORTED, EUR million (unaudited) Smart Devices Mobile Phones Devices & Devices NAVTEQ Nokia Siemens Corporat Elimin Nokia 1-3/2011 1-3/2011 Services Other & 1-3/20 Networks e Common ations Group 1-3/2011 Services 11 1-3/2011 1-3/2011 1-3/20 1-3/2011 1-3/2011 11 ------------------------------------------------------------------------------------------------------------------------------ Net 3 528 3 407 152 7 087 232 3 171 - -91 10 399 sales Cost -2 475 -2 457 -92 -5 024 -37 -2 324 - 60 -7 325 of sales ------------------------------------------------------------------------------------------------------------------------------ Gross 1 053 950 60 2 063 195 847 - -31 3 074 profi t 1) % of 29.8 27.9 39.5 29.1 84.1 26.7 29.6 net sales Operat -835 -386 -167 -1 388 -258 -990 -22 - -2 658 ing expen ses Other - -2 17 15 1 1 6 - 23 incom e and expen ses ------------------------------------------------------------------------------------------------------------------------------ Contri 218 562 -90 bution % of 6.2 16.5 -59.2 net sales ------------------------------------------------------------------------------------------------------------------------------ Operat 690 -62 -142 -16 -31 439 ing profi t 1) % of 9.7 -26.7 -4.5 4.2 net sales ------------------------------------------------------------------------------------------------------------------------------ 1) Elimination of profits recognized in NAVTEQ that are deferred in Devices &Services related to Ovi Maps service sold in combination with Nokia's GPS enabled smartphones. About NokiaNokia is committed to connecting people to what matters to them by combiningadvanced mobile technology with personalized services. More than 1.3 billionpeople connect to one another with a Nokia, from our most affordablevoice-optimized mobile phones to advanced Internet-connected smartphones soldin virtually every market in the world. Through Ovi (www.ovi.com), people alsoenjoy access to maps and navigation on mobile, a rapidly expanding applicationsstore, a growing catalog of digital music, free email and more. Nokia's NAVTEQis a leader in comprehensive digital mapping and navigation services, and NokiaSiemens Networks is one of the leading providers of telecommunicationsinfrastructure hardware, software and professional services globally. Media Enquiries: NokiaCommunicationsTel. +358 7180 34900Email: [email protected] Investor Relations EuropeTel. +358 7180 34927 Investor Relations USTel. +1 914 368 0555 www.nokia.com Click on, or paste the following link into your web browser, to view theassociated documents https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=356493 News Source: NASDAQ OMX 19.07.2011 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Nokia FinlandPhone: Fax: E-mail: Internet: ISIN: FI0009000681Category Code: MSCLSE Ticker: 0HAFSequence Number: 840Time of Receipt: Jul 19, 2011 14:00:06 End of Announcement DGAP News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.
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