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Nokia Oyj — Earnings Release 2013
Jan 22, 2014
3231_rns_2014-01-22_86eff121-a119-4fac-9656-d537df5decb6.pdf
Earnings Release
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Nokia / Miscellaneous
22.01.2014 11:40
Dissemination of a Regulatory Announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------
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-au dited) |
|||||||
| ---- | -------------------------------------------------------------------------------- | ||||||
| Nokia | Mobile Global | Nokia | Nokia | HERE Advanc Corpor Eli-mi | |||
| Continu | Broad- | Ser Soluti Solutio 10-12/ | ed | ate nation | |||
| ing | band -vices | ons | ns and | 2012 Techno Common | s | ||
| 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 | |||||||
| 012 | Other | 012 | 2012 | ||||
| 10-12/ 2012 |
|||||||
| ---- | -------------------------------------------------------------------------------- | ||||||
| -------------------------------------------------------------------------------- |
1 776 1 979 233 3 988 Net 278 151 $-4$ $4413$ sales _______________________________________ _______________________________________ $-1$ 478 $-1$ 747 $-237$ $-3$ 462 $-325$ $-51$ Costs $-50$ $\overline{4}$ $-3.884$ and expen ses $\frac{1}{2}$ -------------------------------------- $\frac{1}{2}$ --------- $\frac{1}{2}$ $\overline{0}$ $\bigcirc$ $-274 -274$ $-9$ Other 83 $-200$ income and expen ses _______________________________________ $\qquad \qquad - - \frac{1}{2}$ _______________________________________ $298$ $232$ $-278$ Contri bution .______________________________________ ------- $\frac{1}{2}$ $16.8$ $11.7$ $-119.3$ % of net sales --------.______________________________________ $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ _______________________________________ $\frac{1}{2}$ Operat 252 -56 100 $33$ $\bigcap$ 329 ing profi $t/\text{loss}$ _______________________________________ $- - - - - - \frac{1}{2}$ $6.3 -20.1$ $66.2$ $% of$ $\sim$ 7.5 net sales __________________________ .______________________________________ _______________________________________ $\frac{1}{2}$ _______________________________________ $\frac{1}{2}$ Full year 2012, reported. EUR million $\qquad \qquad - - - - \frac{1}{2}$ (unaud ited) _______________________________________ $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ 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 012 Techno Common ons ns and $\mathbf{s}$ ing $1 - 12/2$ and Network $-$ logie $1-12/2$ $1-12/2$ Operati 012 Networ s 012 012 $\overline{\mathbf{s}}$ ons $ks$ 1-12/20 $1 - 12/2$ $1 - 12/20$ Other 12 012 $12$ $1 - 12/2$ 012 ------------------------------------------------- $\frac{1}{2}$ _______________________________________ 6 043 6 929 807 13 779 1 103 534 $-16$ $N0$ + 15 400
sales _______________________________________ _______________________________________ $-5553$ $-6595$ $-1$ 136 $-13$ 284 $-1$ 374 $-206 -136$ Costs 16 $-14984$ and expen ses _______________________________________ $\frac{1}{2}$ _______________________________________ $\frac{1}{2}$ 0 0 -1 290 -1 290 -30 -3 Other 86 $-1$ 237 incom e and expen ses ______________________ _______________________________________ $\frac{1}{2}$ $\frac{1}{2}$ _______________________________________ $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ 490 334 -1 619 $Con-tr$ ibutio $\overline{p}$ . . . . . . . . . . . . . . . . . . . . -------------------------- $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ % of $8.1$ $4.8$ $-200.6$ net sales _______________________________________ $\frac{1}{2}$ _______________________________________ $\frac{1}{2}$ $-795 - 301$ 325 $-50$ Operat College $-821$ ing $loss/$ profit _______________________________________ $\frac{1}{2}$ % of $-5.8$ $-27.3$ 60.9 $\sim$ $-5.3$ $n \in \mathbb{R}$ sales ---------------------------------------------------- $\frac{1}{2}$ First quarter 2013, reported, EUR million $- - - - - -$ _______________________________________ $\frac{1}{1}$ (unaudited $\lambda$ _______________________________________ $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ Mobile Global Nokia Nokia HERE Advanc Corpor Elimi Nokia Broad- Ser-vi Soluti Solutio 1-3/20 ed ate -natio Continu ons ns and 13 Techno Common band ces ns inα $1 - 3/20$ $1 - 3/20$ and Network $-$ logie $1-3/20$ $1-3/20$ Operati 13 13 Networ $\mathbf{S}$ $\mathbf{s}$ $13$ 13 $\cap$ ns $ks$ 1-3/201 $1 - 3/20$ $1 - 3/201$ $\overline{3}$ Other $13$ $\overline{\mathcal{L}}$ $1 - 3/20$ $13$ _____________________________ . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___________________________ _______________________________________ $\frac{1}{2}$ 1 244 1 423 137 2 804 Net sales $216$ 124 $-4$ 3 140 _______________________________________ $\qquad \qquad - - - - - \frac{1}{2}$ _______________________________________ Costs and $-1$ 115 $-1$ 343 $-221$ $-2$ 679 $-308$ $-50$ $-28$ $\overline{4}$
expenses _______________________________________ $\frac{1}{2}$ _______________________________________ $0 -122 -122$ $\bigcap$ $-5$ $\bigcap$ $0$ ther $19$ $-108$ income and expenses $- - - - - - - - -$ _______________________________________ $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ Con-tribut 129 $80$ $-206$ ion _______________________________________ $\frac{1}{2}$ $\frac{1}{2}$ % of net $10.4$ 5.6 $-150.4$ sales _______________________________________ $\frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$ _______________________________________ $\frac{1}{2}$ $-97$ $74$ $-9$ Operating $\mathcal{F}$ $\bigcap$ $-29$ loss/prof it _______________________________________ $\frac{1}{2}$ % of net $0.1 -44.9$ 59.7 Contract Contract $-0.9$ sales _______________________________________ $\frac{1}{2}$ _______________________________________ _______________________________________ $\frac{1}{2}$ _______________________________________ Second quarter 2013, reported, EUR million $- - - - - -$ _______________________________________ $\frac{1}{1}$ (unaudited $\left( \right)$ --------------------------------------- $\frac{1}{2}$ $\frac{1}{2}$ Mobile Global Nokia Nokia HERE Advanc Corpor Elimi-Nokia Broad- Servic Soluti Solutio 4-6/20 $h \triangleq$ ate nation $Confinn$ band ns and 13 Techno Common es ons $\mathbf{s}$ ing $4 - 6/20$ $4 - 6/20$ and Network $-$ logie $4-6/20$ $4-6/20$ Operati 13 13 Networ 13 13 $\mathbf{s}$ $\,$ s ons $ks$ 4-6/201 $4 - 6/20$ $4 - 6 / 201$ Other $\overline{\phantom{a}}$ 13 $\overline{\mathbf{3}}$ $4 - 6/20$ 13 ___________________________ __________________ $\frac{1}{2}$ _______________________________________ Net sales 1 281 1 459 41 2 781 $233$ 145 $-4$ $3.155$ _______________________________________ $\frac{1}{2}$ _______________________________________ $\frac{1}{2}$ $-82$ $-2$ 495 $-311$ $-54$ Costs and $-1169 - 1244$ $-31$ $\overline{4}$ $-2$ 887 expenses _______________________________________ $\frac{1}{2}$ _______________________________________ $\circ$ $-278$ Other $\overline{0}$ $-278$ $-11$ $-1$ 34
$-3.061$
$-2.56$
and expenses _______________________________________ ---------- $\frac{1}{2}$ $\frac{1}{2}$ Contri-but 112 215 -319 ion .______________________________________ $\qquad \qquad - - \frac{1}{2}$ % of net $8.7$ 14.7 $-778.0$ sales _______________________________________ $\frac{1}{2}$ _______________________________________ $\overline{R}$ $-89$ $90$ $\mathcal{S}$ Operating $12$ profit/lo $52$ _______________________________________ $\frac{1}{2}$ % of net $0.3 -38.2 62.1$ $\bigcap$ 4 sales _______________________________________
$\frac{1}{2}$
income
Third quarter 2013, reported, EUR million
_______________________________________ (unaudi ted) $\frac{1}{2}$ _______________________________________ 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
$7-9/20$ $7-9/20$ Network and 13 Techno Common ns uina $-logie$ $7-9/20$ $7-9/20$ Operat 13 13 s Network
Other ks 13 13 ions $S$ $7 - 9/20$ $7 - 9/20$ $7 - 9/201$ $7 - 9/20$ $13$ $13$ $3 \t 13$ ------------------------------------------------------------------------------. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . . . . . . . . . . . . . . . . . . . . 1 259 1 331 2 2 592 211 140 Net. $-4$ 2 939 sales Costs $-1$ 197 $-1$ 167 $-24$ $-2$ 388 $-193$ $-57$ $-25$ $4$ $-2$ 659 and expens $ES$ _______________________________________ -------------Other 0 0 $-38$ $-38$ $-4$ 0 24 $-18$ income and expens $ES$ .______________________________________ _______________________________________ Contri-62 164 $-61$ bution .______________________________________ ------------- $4.9$ 12.3 $2 of$ net sales _______________________________________ ---------------------------166 14 83 -1 0 262 Operati ng profit $10ss$ --------------------------------------- $\begin{array}{cccccccccc} - & - & - & - & - & - & - & - & - & - & - & - & - & - & - & - & - & - & - &$ _______________ % of $6.4$ $6.6$ $59.3$ $-$ 8.9
net sales
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 -------------------------------------------------------------------------------- ----- -------------------------------------------------------------------------------- ----- Net sales 1 776 1 979 233 3 988 278 151 0 -4 4 413 -------------------------------------------------------------------------------- ----- -------------------------------------------------------------------------------- ----- Costs and -1 478 -1 747 -170 -3 395 -239 -51 -50 4 -3 731 expenses -------------------------------------------------------------------------------- ----- -------------------------------------------------------------------------------- ----- Other 0 0 -17 -17 1 0 4 0 -12 income and expenses -------------------------------------------------------------------------------- ----- -------------------------------------------------------------------------------- ----- Contri-but 298 232 46 ion -------------------------------------------------------------------------------- ----- % of net 16.8 11.7 19.7 sales -------------------------------------------------------------------------------- ----- -------------------------------------------------------------------------------- ----- Operating 576 40 100 -46 0 670 profit/lo ss
| % of net | 14.4 14.4 66.2 | |||||||
|---|---|---|---|---|---|---|---|---|
| 15.2 sales |
||||||||
| --------------------------------------- | ||||||||
| -------------------------------------- | ||||||||
| . | ||||||||
| million | Full year 2012, non-IFRS. EUR | |||||||
| $- - - -$ | --------------------------------------- | |||||||
| (unaud | ||||||||
| ited) | ||||||||
| . | ||||||||
| Nokia | Mobile Global Nokia Nokia HERE Advanc Corpor Elimi- | |||||||
| 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 | ||||||||
| Operati | 1-12/2 and Network | $-logie$ $1-12/2$ $1-12/2$ | ||||||
| 012 Networ s | s 012 | 012 | ||||||
| ons | ||||||||
| $1 - 12/20$ | ks 1-12/20 | $1 - 12/2$ | ||||||
| Other 12 | 012 | |||||||
| 12 | $1 - 12/2$ | |||||||
| 012 | ||||||||
| --------------------------------------- | ||||||||
| ----- | ||||||||
| --------------------------------------- | ||||||||
| $------$ | ||||||||
| 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 $-28$ |
$\overline{0}$ | 0 $-43$ $-43$ 1 1 3 | 0 | |||||
| incom | ||||||||
| e and | ||||||||
| expen ses |
||||||||
| Contri | $490$ $334$ $-42$ | |||||||
| -butio n |
||||||||
| $- -$ | ||||||||
| % of | $8.1$ $4.8$ $-5.2$ | |||||||
| net | ||||||||
| sales |
| Operat 1 142 ing profi t/loss |
782 | 154 | 329 | $-123$ | ||||
|---|---|---|---|---|---|---|---|---|
| % of 7.4 net sales |
$5.7$ 13.9 | 61.6 | ||||||
| $- - - -$ First quarter 2013, non-IFRS, EUR million _________ |
||||||||
| $------$ (unaudited) |
_________ | |||||||
| Nokia | Mobile Global Nokia Nokia HERE Advanc Corpor Elimi | |||||||
| Continu | Broad- | Ser Soluti Solutio 1-3/20 | ed | ate -natio | ||||
| ing | band -vices | ons | ns and | 13 Techno Common | ns | |||
| Operati | $1 - 3/20$ $1 - 3/20$ | and Network | $-logie$ $1-3/20$ $1-3/20$ | |||||
| 13 | 13 | Networ | $\mathbb S$ | $\mathbf S$ | 13 | 13 | ||
| ons | ks | $1 - 3/201$ | $1 - 3/20$ | |||||
| $1 - 3/201$ | Other | 3 | 13 | |||||
| 3 | $1 - 3/20$ 13 |
|||||||
| Net sales 3 140 |
1 244 | 1 423 | 137 | 2 804 | 216 | 124 | 0 | $-4$ |
| Costs and $-1115$ $-1343$ $-157$ $-2615$ $-221$ $-50$ $-28$ 4 $-2$ 910 expenses |
----------------------------------- | |||||||
| ---- Other income 27 and expenses ----------- |
$\sim$ 0 | $0 \qquad 7 \qquad 7 \qquad 0 \qquad 0$ | 20 | 0 | ||||
| ----- Contri-bution 129 80 -13 |
||||||||
| -------------------------- $- - - - -$ % of net sales |
$10.4$ 5.6 -9.5 | --------------------------------------- | ||||||
| ------ Operating 257 profit/loss |
$196 -5 -74 -8$ | 0 | ||||||
| . % of net 8.2 |
--------------- | $7.0 -2.3$ | 59.7 |
| EUR million (unaudi ted) |
Second quarter 2013, non-IFRS, | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| band 13 |
Mobile Global ces 13 |
Nokia Broad- Ser-vi Solutio Soluti 4-6/20 ns and 4-6/20 4-6/20 Network Other 3 -------------------------------------------------------------------------------- |
Nokia ons and s Networ ks 4-6/201 4-6/20 13 |
ed 13 Techno Common s 4-6/20 13 |
HERE Advanc Corpor Elimi- -logie 4-6/20 4-6/20 Operat 13 |
ate nation Contin s 13 |
Nokia uing ions 4-6/20 13 |
||
| Net sales |
1 281 ---------------- |
1 459 | -------------------------------------------------------------------------------- 41 -------------------------------------------------------- |
2 781 | 234 | 145 | 0 | -4 | 3 156 |
| Costs and expens es |
---------------- -1169 ---------------- |
-1244 | -------------------------------------------------------- ----------------- |
-70 -2 483 | -225 | -54 | -31 ------------------------------- |
4 -2 789 | |
| Other income and expens es |
---------------- 0 |
0 | -------------------------------------------------------- 30 -------------------------------------------------------------------------------- |
30 | -1 | 1 | 34 | 0 | 64 |
| Contri- bution |
---------------- 112 |
215 | -------------------------------------------------------- 1 |
||||||
| % of net sales |
---------------- 8.7 |
14.7 | -------------------------------------------------------- 2.4 -------------------------------------------------------------------------------- |
||||||
| -------- Operati ng 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 (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 7-9/20 13 |
3 -------------------------------------------------------------------------------- |
13 | 13 | ||||||
| -------- | ------------------------------------------------ | ||||||||
| Net sales |
1 259 | 1 331 | 2 | 2 592 | 211 | 140 | 0 | -4 | 2 939 |
| -------- -------- |
------------------------------------------------ ------------------------------------------------ |
| Costs and expens es |
-1 197 -1 167 | $-11$ | $-2$ 375 $-190$ | -56 | -25 | $4 -2 642$ | |||
|---|---|---|---|---|---|---|---|---|---|
| Other income and expens es |
$\circ$ | $\circ$ | $\mathbf{1}$ | $1 \quad -1 \quad 0$ | ------------------------------ | 47 $\circ$ |
47 | ||
| Contrib ution |
62 | $164 - 9$ | _________ --------------------------------------- |
||||||
| -------- % of 4.9 net sales |
12.3 | ||||||||
| ------- Operati ng profit $/$ loss ------- |
218 | 20 | 84 — 10 | 22 $\circ$ |
344 | ||||
| % of net sales ------- |
8.4 | $9.5$ 60.4 | $\overline{\phantom{m}}$ | - | 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.
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