Nokia Oyj - Interim / Quarterly Report 2011

6-K 1 a11-19821_16k.htm 6-K

*SECURITIES AND EXCHANGE COMMISSION*

*Washington, D.C. 20549*

*FORM 6-K*

*Report of Foreign Private Issuer*

*Pursuant to Rule 13a -16 or 15d -16 of*

*the Securities Exchange Act of 1934*

*Report on Form 6-K dated July 19, 2011*

*(Commission File No. 1-13202)*

*Nokia Corporation*

*Keilalahdentie 4*

*02150 Espoo*

*Finland*

(Name and address of registrants principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

*Form 20-F* : x Form 40-F: o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes: o No : x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes: o No : x

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes: o No : x

Enclosures:

Nokia stock exchange release dated July 19, 2011: Regrouping of Nokia quarterly and full year 2010 and first quarter 2011 results

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July 19, 2011

Nokia Corporation Stock exchange release July 19, 2011 at 15:00 (CET +1)

*Regrouping of Nokia quarterly and full year 2010 and first quarter 2011 results*

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 Nokias 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 Nokias 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.

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*FIRST QUARTER 2010, REPORTED, EUR million*

(unaudited)

	Smart Devices 1-3/2010	Mobile Phones 1-3/2010	Devices & Services Other 1-3/2010	Devices & Services 1-3/2010	NAVTEQ 1-3/2010	Nokia Siemens Networks 1-3/2010	Corporate Common 1-3/2010	Eliminations 1-3/2010	Nokia Group 1-3/2010
Net sales	3 362	3 194	107	6 663	189	2 718		-48	9 522
Cost of sales	-2 211	-2 234	-62	-4 507	-29	-1 936		28	-6 444
Gross profit (1)	1 151	960	45	2 156	160	782		-20	3 078
% of net sales	34.2	30.1	42.1	32.4	84.7	28.8			32.3
Operating expenses	-829	-340	-194	-1 363	-237	-1 015	-12		-2 627
Other income and expenses	28		10	38		7	-8		37
Contribution	350	620	-139
% of net sales	10.4	19.4	-129.9
Operating profit (1)				831	-77	-226	-20	-20	488
% of net sales				12.5	-40.7	-8.3			5.1