2014-01-22 11:40:14 CET
2014-01-22 11:41:16 CET
REGULATED INFORMATION
Nokia - Company Announcement
Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure
Nokia Corporation
Stock Exchange Release
January 22, 2014 at 12.40 (CET +1)
Espoo, Finland - As announced on January 16, 2014, Nokia will publish its
fourth quarter 2013 and full year 2013 results report on Thursday January 23,
2014 at approximately 1pm Finnish time in a new reporting format.
After receiving shareholder approval of the pending sale of substantially all
of its Devices & Services business at our Extraordinary General Meeting in
November last year, Nokia is reporting substantially all of its Devices &
Services business as discontinued operations in its fourth quarter 2013 and
full year 2013 results report.
Nokia's continuing operations consist of three businesses: Nokia Solutions and
Networks (NSN), HERE and Advanced Technologies. Nokia will report financial
information for a total of four reportable segments - Mobile Broadband and
Global Services within NSN, HERE, and Advanced Technologies - and,
additionally, separate information for the discontinued operations.
Nokia provides below, for comparability purposes, certain historical results
(on an unaudited basis) for its continuing operations reflecting the new
reporting structure on a reported and non-IFRS* basis. Quarterly information is
provided for the fourth quarter 2012 through the third quarter 2013, while
annual information is provided for the full year 2012.
It should be noted that this information for past periods is provided for
historical comparative purposes. As is customary, certain judgments have been
made when regrouping historical results information and allocating items in the
regrouped results. It should also be noted that the information provided herein
is historical and therefore does not indicate future performance.
NOKIA CONTINUING OPERATIONS Q4 2012, FULL YEAR 2012, Q1, Q2 AND Q3 2013
(REPORTED)
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SEGMENT INFORMATION AND
ELIMINATIONS
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Fourth quarter 2012, reported, EUR
million
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----
(un-au
dited)
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----
Mobile Global Nokia Nokia HERE Advanc Corpor Eli-mi
Nokia
Broad- Ser Soluti Solutio 10-12/ ed ate nation
Continu
band -vices ons ns and 2012 Techno Common s
ing
10-12/2012 10-12/ and Network -logie 10-12/ 10-12/
Operati
2012 Networ s s 2012 2012
ons
ks 10-12/2 10-12/
10-12/2
Other 012 2012
012
10-12/
2012
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----
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----
Net 1 776 1 979 233 3 988 278 151 -4
4 413
sales
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----
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----
Costs -1 478 -1 747 -237 -3 462 -325 -51 -50 4
-3 884
and
expen
ses
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----
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----
Other 0 0 -274 -274 -9 83
-200
income
and
expen
ses
--------------------------------------------------------------------------------
----
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----
Contri 298 232 -278
-
bution
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----
% of 16.8 11.7 -119.3
net
sales
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----
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----
Operat 252 -56 100 33 0
329
ing
profi
t/loss
--------------------------------------------------------------------------------
----
% of 6.3 -20.1 66.2 - -
7.5
net
sales
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----
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----
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----
Full year 2012, reported.
EUR million
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----
(unaud
ited)
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----
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi-
Nokia
Broad-band Ser-vi Soluti Solutio 1-12/2 ed ate nation
Continu
1-12/2012 ces ons ns and 012 Techno Common s
ing
1-12/2 and Network -logie 1-12/2 1-12/2
Operati
012 Networ s s 012 012
ons
ks 1-12/20 1-12/2
1-12/20
Other 12 012
12
1-12/2
012
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----
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----
Net 6 043 6 929 807 13 779 1 103 534 -16
15 400
sales
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----
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----
Costs -5553 -6595 -1 136 -13 284 -1 374 -206 -136 16
-14 984
and
expen
ses
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----
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----
Other 0 0 -1 290 -1 290 -30 -3 86
-1 237
incom
e and
expen
ses
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----
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----
Con-tr 490 334 -1 619
ibutio
n
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----
% of 8.1 4.8 -200.6
net
sales
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----
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----
Operat -795 -301 325 -50 -
-821
ing
loss/
profit
--------------------------------------------------------------------------------
----
% of -5.8 -27.3 60.9 - -
-5.3
net
sales
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----
First quarter 2013, reported, EUR
million
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----
(unaudited
)
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----
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi
Nokia
Broad- Ser-vi Soluti Solutio 1-3/20 ed ate -natio
Continu
band ces ons ns and 13 Techno Common ns
ing
1-3/20 1-3/20 and Network -logie 1-3/20 1-3/20
Operati
13 13 Networ s s 13 13
ons
ks 1-3/201 1-3/20
1-3/201
Other 3 13
3
1-3/20
13
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----
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Net sales 1 244 1 423 137 2 804 216 124 -4
3 140
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----
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Costs and -1 115 -1 343 -221 -2 679 -308 -50 -28 4
-3 061
expenses
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----
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Other 0 0 -122 -122 -5 0 19
-108
income
and
expenses
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----
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----
Con-tribut 129 80 -206
ion
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----
% of net 10.4 5.6 -150.4
sales
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----
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Operating 3 -97 74 -9 0
-29
loss/prof
it
--------------------------------------------------------------------------------
----
% of net 0.1 -44.9 59.7 - -
-0.9
sales
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----
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----
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----
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Second quarter 2013, reported, EUR
million
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----
(unaudited
)
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----
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi-
Nokia
Broad- Servic Soluti Solutio 4-6/20 ed ate nation
Continu
band es ons ns and 13 Techno Common s
ing
4-6/20 4-6/20 and Network -logie 4-6/20 4-6/20
Operati
13 13 Networ s s 13 13
ons
ks 4-6/201 4-6/20
4-6/201
Other 3 13
3
4-6/20
13
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----
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----
Net sales 1 281 1 459 41 2 781 233 145 -4
3 155
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----
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----
Costs and -1169 -1244 -82 -2 495 -311 -54 -31 4
-2 887
expenses
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----
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----
Other 0 0 -278 -278 -11 -1 34
-256
income
and
expenses
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----
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----
Contri-but 112 215 -319
ion
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----
% of net 8.7 14.7 -778.0
sales
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----
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----
Operating 8 -89 90 3 -
12
profit/lo
ss
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----
% of net 0.3 -38.2 62.1 - -
0.4
sales
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----
Third quarter 2013, reported,
EUR million
--------------------------------------------------------------------------------
(unaudi
ted)
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Mobile Global Nokia Nokia HERE Advanc Corpor Elimi Nokia
Broad- Ser-vi Solutio Soluti 7-9/20 ed ate -natio Contin
band ces ns and ons 13 Techno Common ns uing
7-9/20 7-9/20 Network and -logie 7-9/20 7-9/20 Operat
13 13 s Networ s 13 13 ions
Other ks 7-9/20 7-9/20
7-9/201 7-9/20 13 13
3 13
--------------------------------------------------------------------------------
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Net 1 259 1 331 2 2 592 211 140 -4 2 939
sales
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Costs -1 197 -1 167 -24 -2 388 -193 -57 -25 4 -2 659
and
expens
es
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--------------------------------------------------------------------------------
Other 0 0 -38 -38 -4 0 24 -18
income
and
expens
es
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Contri- 62 164 -61
bution
--------------------------------------------------------------------------------
% of 4.9 12.3
net
sales
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Operati 166 14 83 -1 0 262
ng
profit
/loss
--------------------------------------------------------------------------------
% of 6.4 6.6 59.3 - - 8.9
net
sales
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NOKIA CONTINUING OPERATIONS Q4 2012, FULL YEAR 2012, Q1, Q2 AND Q3 2013
(NON-IFRS)
SEGMENT INFORMATION AND ELIMINATIONS
Fourth quarter 2012, non-IFRS, EUR million
---------------------------------------------
(unaudited
)
------------------------------------
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi-
Nokia
Broad- Ser-vi Soluti Solutio 10-12/ ed ate nation
Continu
band ces ons ns and 2012 Techno Common s
ing
10-12/ 10-12/ and Network logies 10-12/ 10-12/
Operati
2012 2012 Networ s 10-12/ 2012 2012
ons ks 10-12/2 2012
10-12/2
Other 012
012
10-12/
2012
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-----
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Net sales 1 776 1 979 233 3 988 278 151 0 -4
4 413
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-----
--------------------------------------------------------------------------------
-----
Costs and -1 478 -1 747 -170 -3 395 -239 -51 -50 4
-3 731
expenses
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-----
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Other 0 0 -17 -17 1 0 4 0
-12
income
and
expenses
--------------------------------------------------------------------------------
-----
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-----
Contri-but 298 232 46
ion
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-----
% of net 16.8 11.7 19.7
sales
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-----
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-----
Operating 576 40 100 -46 0
670
profit/lo
ss
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-----
% of net 14.4 14.4 66.2 - -
15.2
sales
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-----
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-----
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-----
Full year 2012, non-IFRS. EUR
million
--------------------------------------------------------------------------------
-----
(unaud
ited)
--------------------------------------------------------------------------------
-----
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi-
Nokia
Broad-band Ser-vi Soluti Solutio 1-12/2 ed ate nation
Continu
1-12/2012 ces ons ns and 012 Techno Common s
ing
1-12/2 and Network -logie 1-12/2 1-12/2
Operati
012 Networ s s 012 012
ons
ks 1-12/20 1-12/2
1-12/20
Other 12 012
12
1-12/2
012
--------------------------------------------------------------------------------
-----
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Net 6 043 6 929 807 13 779 1 104 534 0 -16
15 401
sales
--------------------------------------------------------------------------------
-----
--------------------------------------------------------------------------------
-----
Costs -5 553 -6 595 -806 -12 954 -951 -206 -136 16
-14 231
and
expen
ses
--------------------------------------------------------------------------------
-----
--------------------------------------------------------------------------------
-----
Other 0 0 -43 -43 1 1 13 0
-28
incom
e and
expen
ses
--------------------------------------------------------------------------------
-----
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-----
Contri 490 334 -42
-butio
n
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-----
% of 8.1 4.8 -5.2
net
sales
--------------------------------------------------------------------------------
-----
--------------------------------------------------------------------------------
-----
Operat 782 154 329 -123 -
1 142
ing
profi
t/loss
--------------------------------------------------------------------------------
-----
% of 5.7 13.9 61.6 - -
7.4
net
sales
--------------------------------------------------------------------------------
-----
First quarter 2013, non-IFRS, EUR
million
--------------------------------------------------------------------------------
-------
(unaudited)
--------------------------------------------------------------------------------
-------
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi
Nokia
Broad- Ser Soluti Solutio 1-3/20 ed ate -natio
Continu
band -vices ons ns and 13 Techno Common ns
ing
1-3/20 1-3/20 and Network -logie 1-3/20 1-3/20
Operati
13 13 Networ s s 13 13
ons
ks 1-3/201 1-3/20
1-3/201
Other 3 13
3
1-3/20
13
--------------------------------------------------------------------------------
-------
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-------
Net sales 1 244 1 423 137 2 804 216 124 0 -4
3 140
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-------
--------------------------------------------------------------------------------
-------
Costs and -1115 -1343 -157 -2 615 -221 -50 -28 4
-2 910
expenses
--------------------------------------------------------------------------------
-------
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-------
Other income 0 0 7 7 0 0 20 0
27
and expenses
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-------
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-------
Contri-bution 129 80 -13
--------------------------------------------------------------------------------
-------
% of net 10.4 5.6 -9.5
sales
--------------------------------------------------------------------------------
-------
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-------
Operating 196 -5 74 -8 0
257
profit/loss
--------------------------------------------------------------------------------
-------
% of net 7.0 -2.3 59.7 - -
8.2
sales
--------------------------------------------------------------------------------
-------
Second quarter 2013, non-IFRS,
EUR million
(unaudi
ted)
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi- Nokia Broad- Ser-vi Solutio Soluti 4-6/20 ed ate nation Contin
band ces ns and ons 13 Techno Common s uing
4-6/20 4-6/20 Network and -logie 4-6/20 4-6/20 Operat
13 13 s Networ s 13 13 ions
Other ks 4-6/20 4-6/20
4-6/201 4-6/20 13 13
3 13
--------------------------------------------------------------------------------
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Net 1 281 1 459 41 2 781 234 145 0 -4 3 156
sales
---------------- --------------------------------------------------------
---------------- --------------------------------------------------------
Costs -1169 -1244 -70 -2 483 -225 -54 -31 4 -2 789
and
expens
es
---------------- ----------------- -------------------------------
---------------- --------------------------------------------------------
Other 0 0 30 30 -1 1 34 0 64
income
and
expens
es
--------------------------------------------------------------------------------
---------------- --------------------------------------------------------
Contri- 112 215 1
bution
---------------- --------------------------------------------------------
% of 8.7 14.7 2.4
net
sales
--------------------------------------------------------------------------------
-------- -----------------------------------------------
Operati 328 8 92 3 - 431
ng
profit
/loss
-------- --------------------------------------------------------
% of 11.8 3.4 63.4 - - 13.7
net
sales
--------------------------------------------------------------------------------
Third quarter 2013, non-IFRS,
EUR million
(unaudi
ted)
Mobile Global Nokia Nokia HERE Advanc Corpor Elimi- Nokia
Broad- Ser-vi Soluti Solutio 7-9/20 ed ate nation Contin
band ces ons ns and 13 Techno Common s uing
7-9/20 7-9/20 and Network -logie 7-9/20 7-9/20 Operat
13 13 Networ s s 13 13 ions
ks 7-9/201 7-9/20 7-9/20
Other 3 13 13
7-9/20
13
--------------------------------------------------------------------------------
-------- ------------------------------------------------
Net 1 259 1 331 2 2 592 211 140 0 -4 2 939
sales
-------- ------------------------------------------------
-------- ------------------------------------------------
Costs -1 197 -1 167 -11 -2 375 -190 -56 -25 4 -2 642
and
expens
es
-------- ------------------------------------------------
-------- ------------------------------------------------
Other 0 0 1 1 -1 0 47 0 47
income
and
expens
es
--------------------------------------------------------------------------------
-------- ------------------------------------------------
Contrib 62 164 -9
ution
-------- --------------------------------------------------------
% of 4.9 12.3
net
sales
--------------------------------------------------------------------------------
-------- ------------------------------------------------
Operati 218 20 84 22 0 344
ng
profit
/loss
-------- --------------------------------------------------------
% of 8.4 9.5 60.4 - - 11.7
net
sales
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*In addition to information on Nokia's reported IFRS results, Nokia provides
certain information on a non-IFRS, or underlying business performance, basis.
Non-IFRS results exclude all material special items for all periods. In
addition, non-IFRS results exclude intangible asset amortization, other
purchase price accounting related items and inventory value adjustments arising
from (1) the formation of Nokia Siemens Networks and (2) all business
acquisitions completed after June 30, 2008. Nokia believes that its non-IFRS
results provide meaningful supplemental information to both management and
investors regarding Nokia and its underlying business performance by excluding
the above-described items that may not be indicative of Nokia's business
operating results. In this pro forma information Nokia's non-IFRS results as
described above are also presented on a pro forma basis.
These non-IFRS financial measures should not be viewed in isolation or as
substitutes to the equivalent IFRS measure(s), but should be used in
conjunction with the most directly comparable IFRS measure(s) in the reported
results. We provide more information in the non-IFRS measures in the respective
results reports.
About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia's
technological and design innovations have made its brand one of the most
recognized in the world. For more information, visit
http://www.nokia.com/about-nokia.
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
www.nokia.com
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