Nokia Oyj — Earnings Release 2001

Jul 19, 2001

News Details

Ad-hoc | 19 July 2001 12:16

Nokia Corp

Ad-hoc-Mitteilung verarbeitet und übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ——————————————————————————– Nokia’s second quarter margins above 15% with pro forma pre-tax profit of nearly EUR 1.2 billion Sales growth of 5% and strong positive net operating cash flow show operational efficiency while adjusting to market slowdown – Second-quarter net sales were EUR 7 346 million, showing growth of 5% compared with the previous year. In Nokia Networks, net sales declined 2% and in Nokia Mobile Phones net sales increased 10% – Pro forma pre-tax operating profit was EUR 1 166 million – Pro forma operating margin for Nokia was 15.5%, Nokia Networks 15.8% and Nokia Mobile Phones 17.9% – Pro forma earnings per share (diluted) were EUR 0.17 (0.21), on a reported basis EPS (diluted) we re EUR 0.12 (0.20) PRO FORMA (excludes goodwill amortization and non-recurring items) EUR Million 20/2001 20/2000 Change 1H/2001 1H/2000 Full Year (%) 2000 Net sales 7346 6980 +5 15353 13517 30376 Nokia Networks l896 1925 -2 3918 3427 7714 Nokia Mobile Phones 5349 4883 +10 11179 9722 21887 Nokia Ventures Organization 134 193 -31 303 404 854 Operating profit 1137 1445 -21 2577 2780 5861 Nokia Networks 300 357 -16 664 637 1 400 Nokia Mobile Phones 960 1222 -21 2167 2384 4897 Nokia Ventures Organization -92 -85 -194 -144 -307 Common Group Expenses -31 -49 -60 -97 -129 Profit before tax and minority interests 1166 1457 -20 2651 2809 5947 Net profit 830 984 -16 1876 1894 4027 EPS,EUR Basic 0.18 0.21 -14 0.40 0.41 0.86 Diluted 0.17 0.21 -19 0.39 0.40 0.84 Jorma Ollila, Nokia Chairman and CEO, said “Backed by our ability to manage working capital and control costs, we were able to retain our leading market position while sustaining good profitability and positive cash flow. This kind of resourcefulness is a product of the long-term commitment from all parts of our organization to improve efficiency and flexibility. “We believe firmly in the long-term opportunities of the mobile communications industry. With market growth expected to pick up again next year, we are in a unique position to build on our strengths. I am confident that our solid financial base, proven excellence in execution, focussed R&D and strong brand will continue to translate very well into profitable future growth.” Closing rate, 1 EUR = 0.855 USD For more information: Lauri Kivinen, Corporate Communications, tel. +358 7180 34495 Ulla James, Investor Relations, tel. +1 972 894 4880 Antti Räikkönen, Investor Relations, tel. +358 7180 34290 (A full-length version of this release has been published on the Nokia website at http://www.nokia.com ) Ende der Ad-hoc-Mitteilung (c) DGAP 19.07.2001 ——————————————————————————– WKN: 870737; Index: Notiert: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 191216 Jul 01