2011-07-19 14:00:03 CEST
2011-07-19 14:01:06 CEST
REGULATED INFORMATION
Nokia - Company Announcement
Regrouping of Nokia quarterly and full year 2010 and first quarter 2011 results
Nokia Corporation
Stock exchange release
July 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 new
reporting format that reflects the operational structure that became effective
on April 1, 2011.
The historical results set forth below for each quarter and the full year of
2010 as well as the first quarter of 2011 are reported results regrouped (on an
unaudited basis) for comparability purposes according to Nokia's four
reportable 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 net
sales, gross margin as well as an additional measure of profit. For Smart
Devices and Mobile Phones, we present these segments' profit contribution,
which consists of revenues less these segments' own costs as well as their
directly assignable and allocated costs. For NAVTEQ and Nokia Siemens Networks,
we present operating profit.
Devices & Services Other primarily includes Nokia's luxury phone business
Vertu, spare parts, intellectual property royalty income, as well as common
research and development expenses. Other income and expenses includes major
restructuring programs related to the Devices & Services business as well as
other unallocated items.
It should be noted that the information provided herein is historical and
therefore does not indicate future performance.
FIRST QUARTER 2010, REPORTED, EUR million
(unaudited)
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-----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
Contribut 350 620 -139
ion
% of net 10.4 19.4 -129.9
sales
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----------------------------------------------
Operating 831
-77 -226 -20 -20 488
profit
1)
% of net 12.5
-40.7 -8.3 5.1
sales
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
Contribution 335 479 -7
% of net sales 9.3 14.2 -3.6
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----------------------------------------------
Operating 807
-48 -282 -18 -56 403
profit 1)
% of net sales 11.3
-19.0 -9.6 3.9
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
Contribution 548 716 -246
% of net 12.5 18.1 -157.7
sales
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----------------------------------------------
Operating 1 018
-19 1 -43 -73 884
profit 1)
% of net 12.0
-6.1 0.0 7.0
sales
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
Contribut 1 516 2 328 -545
ion
% of net 10.2 17.0 -96.3
sales
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----------------------------------------------
Operating 3 299 -225
-686 -114 -204 2 070
profit
1)
% of net 11.3 -22.5
-5.4 4.9
sales
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
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
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----------------------------------------------
Contri 218 562 -90
bution
% of 6.2 16.5 -59.2
net
sales
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----------------------------------------------
Operat 690
-62 -142 -16 -31 439
ing
profi
t 1)
% of 9.7
-26.7 -4.5 4.2
net
sales
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----------------------------------------------
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 Nokia
Nokia is committed to connecting people to what matters to them by combining
advanced mobile technology with personalized services. More than 1.3 billion
people connect to one another with a Nokia, from our most affordable
voice-optimized mobile phones to advanced Internet-connected smartphones sold
in virtually every market in the world. Through Ovi (www.ovi.com), people also
enjoy access to maps and navigation on mobile, a rapidly expanding applications
store, a growing catalog of digital music, free email and more. Nokia's NAVTEQ
is a leader in comprehensive digital mapping and navigation services, and Nokia
Siemens Networks is one of the leading providers of telecommunications
infrastructure hardware, software and professional services globally.
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
Investor Relations Europe
Tel. +358 7180 34927
Investor Relations US
Tel. +1 914 368 0555
www.nokia.com
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