Wednesday, January 22, 2014

Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure

   

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)

 

 

 

 

 

 

 

 

 

 

 

SEGMENT INFORMATION AND ELIMINATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fourth quarter 2012, reported, EUR million

 

 

 

 

 

 

(un-audited)

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-

band
10-12/2012

Global
Ser
-vices
10-12/2012

Nokia
Solutions and Networks
Other
10-12/2012

Nokia
Solutions and Networks
10-12/2012

HERE
10-12/2012

Advanced
Techno-logies
10-12/2012

Corporate
Common
10-12/2012

Eli-minations
10-12/2012

Nokia
Continuing
Operations
10-12/2012

 

 

 

 

 

 

 

 

 

 

Net
sales

1 776

1 979

233

3 988

278

151

 

-4

4 413

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1 478

-1 747

-237

-3 462

-325

-51

-50

4

-3 884

 

 

 

 

 

 

 

 

 

 

Other
income
and expenses

0

0

-274

-274

-9

 

83

 

-200

 

 

 

 

 

 

 

 

 

 

Contri-
bution

298

232

-278

 

 

 

 

 

 

% of net sales

16.8

11.7

-119.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

252

-56

100

33

0

329

% of net sales

 

 

 

6.3

-20.1

66.2

-

-

7.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Full year 2012, reported. EUR million

 

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
1-12/2012

Global
Ser-vices
1-12/2012

Nokia
Solutions and Networks
Other
1-12/2012

Nokia
Solutions and Networks
1-12/2012

HERE
1-12/2012

Advanced
Techno-logies
1-12/2012

Corporate
Common
1-12/2012

Elimi-nations
1-12/2012

Nokia
Continuing
Operations
1-12/2012

 

 

 

 

 

 

 

 

 

 

Net sales

6 043

6 929

807

13 779

1 103

534

 

-16

15 400

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-5553

-6595

-1 136

-13 284

-1 374

-206

-136

16

-14 984

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

-1 290

-1 290

-30

-3

86

 

-1 237

 

 

 

 

 

 

 

 

 

 

Con-tribution

490

334

-1 619

 

 

 

 

 

 

% of net sales

8.1

4.8

-200.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating loss/profit

 

 

 

-795

-301

325

-50

-

-821

% of net sales

 

 

 

-5.8

-27.3

60.9

-

-

-5.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First quarter 2013, reported, EUR million

 

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
1-3/2013

Global
Ser-vices
1-3/2013

Nokia
Solutions and Networks
Other
1-3/2013

Nokia
Solutions and Networks
1-3/2013

HERE
1-3/2013

Advanced
Techno
-logies
1-3/2013

Corporate
Common
1-3/2013

Elimi
-nations
1-3/2013

Nokia
Continuing
Operations
1-3/2013

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

1 244

1 423

137

2 804

216

124

 

-4

3 140

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1 115

-1 343

-221

-2 679

-308

-50

-28

4

-3 061

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

-122

-122

-5

0

19

 

-108

 

 

 

 

 

 

 

 

 

 

 

 

Con-tribution

129

80

-206

 

 

 

 

 

 

 

% of net sales

10.4

5.6

-150.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating loss/profit

 

 

 

3

-97

74

-9

0

-29

 

% of net sales

 

 

 

0.1

-44.9

59.7

-

-

-0.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second quarter 2013, reported, EUR million

 

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
4-6/2013

Global
Services
4-6/2013

Nokia
Solutions and Networks
Other
4-6/2013

Nokia
Solutions and Networks
4-6/2013

HERE
4-6/2013

Advanced
Techno-logies
4-6/2013

Corporate
Common
4-6/2013

Elimi-nations
4-6/2013

Nokia
Continuing
Operations
4-6/2013

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

1 281

1 459

41

2 781

233

145

 

-4

3 155

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1169

-1244

-82

-2 495

-311

-54

-31

4

-2 887

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

-278

-278

-11

-1

34

 

-256

 

 

 

 

 

 

 

 

 

 

 

 

Contri-bution

112

215

-319

 

 

 

 

 

 

 

% of net sales

8.7

14.7

-778.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

8

-89

90

3

-

12

 

% of net sales

 

 

 

0.3

-38.2

62.1

-

-

0.4

 

 

Third quarter 2013, reported, EUR million

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
7-9/2013

Global
Ser-vices
7-9/2013

Nokia
Solutions and Networks
Other
7-9/2013

Nokia
Solutions and Networks
7-9/2013

HERE
7-9/2013

Advanced
Techno
-logies
7-9/2013

Corporate
Common
7-9/2013

Elimi
-nations
7-9/2013

Nokia
Continuing
Operations
7-9/2013

 

 

 

 

 

 

 

 

 

 

Net sales

1 259

1 331

2

2 592

211

140

 

-4

2 939

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1 197

-1 167

-24

-2 388

-193

-57

-25

4

-2 659

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

-38

-38

-4

0

24

 

-18

 

 

 

 

 

 

 

 

 

 

Contri-bution

62

164

-61

 

 

 

 

 

 

% of net sales

4.9

12.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

166

14

83

-1

0

262

% of net sales

 

 

 

6.4

6.6

59.3

-

-

8.9

 


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
Broad-band
10-12/2012

Global
Ser-vices
10-12/2012

Nokia
Solutions and Networks
Other
10-12/2012

Nokia
Solutions and Networks
10-12/2012

HERE
10-12/2012

Advanced
Technologies
10-12/2012

Corporate
Common
10-12/2012

Elimi-nations
10-12/2012

Nokia
Continuing
Operations
10-12/2012

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

1 776

1 979

233

3 988

278

151

0

-4

4 413

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1 478

-1 747

-170

-3 395

-239

-51

-50

4

-3 731

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

-17

-17

1

0

4

0

-12

 

 

 

 

 

 

 

 

 

 

 

 

Contri-bution

298

232

46

 

 

 

 

 

 

 

% of net sales

16.8

11.7

19.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

576

40

100

-46

0

670

 

% of net sales

 

 

 

14.4

14.4

66.2

-

-

15.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Full year 2012, non-IFRS. EUR million

 

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
1-12/2012

Global
Ser-vices
1-12/2012

Nokia
Solutions and Networks
Other
1-12/2012

Nokia
Solutions and Networks
1-12/2012

HERE
1-12/2012

Advanced
Techno-logies
1-12/2012

Corporate
Common
1-12/2012

Elimi-nations
1-12/2012

Nokia
Continuing
Operations
1-12/2012

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

6 043

6 929

807

13 779

1 104

534

0

-16

15 401

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-5 553

-6 595

-806

-12 954

-951

-206

-136

16

-14 231

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

-43

-43

1

1

13

0

-28

 

 

 

 

 

 

 

 

 

 

 

 

Contri-bution

490

334

-42

 

 

 

 

 

 

 

% of net sales

8.1

4.8

-5.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

782

154

329

-123

-

1 142

 

% of net sales

 

 

 

5.7

13.9

61.6

-

-

7.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First quarter 2013, non-IFRS, EUR million

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
1-3/2013

Global
Ser
-vices
1-3/2013

Nokia
Solutions and Networks
Other
1-3/2013

Nokia
Solutions and Networks
1-3/2013

HERE
1-3/2013

Advanced
Techno-logies
1-3/2013

Corporate
Common
1-3/2013

Elimi
-nations
1-3/2013

Nokia
Continuing
Operations
1-3/2013

 

 

 

 

 

 

 

 

 

 

Net sales

1 244

1 423

137

2 804

216

124

0

-4

3 140

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1115

-1343

-157

-2 615

-221

-50

-28

4

-2 910

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

7

7

0

0

20

0

27

 

 

 

 

 

 

 

 

 

 

Contri-bution

129

80

-13

 

 

 

 

 

 

% of net sales

10.4

5.6

-9.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

196

-5

74

-8

0

257

% of net sales

 

 

 

7.0

-2.3

59.7

-

-

8.2


Second quarter 2013, non-IFRS, EUR million

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
4-6/2013

Global
Ser-vices
4-6/2013

Nokia
Solutions and Networks
Other
4-6/2013

Nokia
Solutions and Networks
4-6/2013

HERE
4-6/2013

Advanced
Techno-logies
4-6/2013

Corporate
Common
4-6/2013

Elimi-nations
4-6/2013

Nokia
Continuing
Operations
4-6/2013

 

 

 

 

 

 

 

 

 

 

Net sales

1 281

1 459

41

2 781

234

145

0

-4

3 156

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1169

-1244

-70

-2 483

-225

-54

-31

4

-2 789

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

30

30

-1

1

34

0

64

 

 

 

 

 

 

 

 

 

 

Contri-bution

112

215

1

 

 

 

 

 

 

% of net sales

8.7

14.7

2.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

328

8

92

3

-

431

% of net sales

 

 

 

11.8

3.4

63.4

-

-

13.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third quarter 2013, non-IFRS, EUR million

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

Mobile
Broad-band
7-9/2013

Global
Ser-vices
7-9/2013

Nokia
Solutions and Networks
Other
7-9/2013

Nokia
Solutions and Networks
7-9/2013

HERE
7-9/2013

Advanced
Techno-logies
7-9/2013

Corporate
Common
7-9/2013

Elimi-nations
7-9/2013

Nokia
Continuing
Operations
7-9/2013

 

 

 

 

 

 

 

 

 

 

Net sales

1 259

1 331

2

2 592

211

140

0

-4

2 939

 

 

 

 

 

 

 

 

 

 

Costs and expenses

-1 197

-1 167

-11

-2 375

-190

-56

-25

4

-2 642

 

 

 

 

 

 

 

 

 

 

Other income and expenses

0

0

1

1

-1

0

47

0

47

 

 

 

 

 

 

 

 

 

 

Contribution

62

164

-9

 

 

 

 

 

 

% of net sales

4.9

12.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit/loss

 

 

 

218

20

84

22

0

344

% of net sales

 

 

 

8.4

9.5

60.4

-

-

11.7

 *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:

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Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

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