Nokia Q2 Highlights of a Great Quaerter
>> Nokia Says Global Handset Share Up at 38%
2.8.2007
newsroom.finland.fi
Finnish mobile telecommunications behemoth Nokia on Thursday reported its April-to-June pretax profit jumping to about 2.45 billion euros from some 1.57 billion in the year-ago period on net sales of about 12.59 billion, up from about 9.81 billion. The increases in profit and net sales are partly attributable to the inclusion of Nokia Siemens Networks figures in the consolidated accounts since 1 April. The mobile phone market leader said in a statement it had sold 100.8 million handsets in the second quarter, up 29 per cent year-on-year, returning an estimated global device market share of 38 per cent, up from 36 per cent in the first quarter and 34 per cent in the year-ago period. ###
>> Nokia Reports Strong 2Q Net Profit Of Euro2.8 Billion on Strong Sales
hindu.com
Helsinki, Aug. 2(AP): Nokia Corp., the world's largest mobile phone maker, said Thursday that its second-quarter earnings more than doubled to euro2.8 billion (US$3.8 billion) on strong sales. Net profit for the April-June period came to euro2.82 billion (US$3.85 billion), up from euro1.14 billion in the second quarter last year, the Finnish company said. Sales rose 28 percent to euro12.6 billion (US$17.22 billion) from euro9.8 billion in the year-ago period, Nokia said. ###
--> Earnings Press Release
nokia.com
--> The complete press release with tables is available at:
nokia.com
Second Quarter 2007 Highlights
• Nokia diluted EPS of EUR 0.32, excluding special items, growing 39% from Q2 2006.
• Nokia operating cash flow of EUR 1.5 billion.
• Nokia device volumes of 100.8 million units, up 11% sequentially and up 29% year on year.
• Nokia estimated device market share of 38%, up from 36% in Q1 2007 and up from 34% in Q2 2006.
• Nokia device ASP of EUR 90, up from EUR 89 in Q1 2007.
• Mobile Phones, Multimedia and Enterprise Solutions gross and operating margins up significantly sequentially and year on year.
• Enterprise Solutions reached profitability with 18.0% operating margin.
• Excellent performance from new devices: Nokia 6300, Nokia N95 and Nokia E65.
• Nokia Siemens Networks operating margin was -10.5%, excluding special items.
• Nokia and Nokia Siemens Networks have accelerated their cost synergy target for Nokia Siemens Networks and now aim to achieve the approximate EUR 1.5 billion of annual cost synergies by the end of 2008 rather than by 2010.
• Nokia and Nokia Siemens Networks are also targeting a further EUR 500 million of annual cost synergies.
Industry And Nokia Outlook
• Nokia expects industry mobile device volumes in the third quarter 2007 to be slightly up sequentially.
• We expect Nokia's device market share in the third quarter 2007 to increase sequentially.
• Nokia now expects industry mobile device volumes in 2007 to grow by 10% or more from the approximately 978 million units Nokia estimate for 2006. The previous estimate for the industry mobile device volume growth in 2007 was up to 10%.
• Nokia continues to expect the device industry to experience value growth in 2007, but expects some decline in industry ASPs, primarily reflecting the increasing impact of the emerging markets and competitive factors in general.
• Nokia continues to target an increase in its market share in mobile devices in 2007.
• Nokia continues to expect very slight market growth for the mobile and fixed infrastructure and related services market in euro terms in 2007.
• Nokia and Nokia Siemens Networks no longer target a double digit operating margin (excluding special items) for Nokia Siemens Networks by the end of the new company's first year of operations.
• Nokia and Nokia Siemens Networks now expect the new company's operating margin (excluding special items) to improve in the second half of 2007.
• Nokia Siemens Networks restructuring charges and other special items are expected to be significantly less during Q3 2007 and Q4 2007 than in Q2 2007.
• Nokia and Nokia Siemens Networks have accelerated their cost synergy target for Nokia Siemens Networks and now aim to achieve the approximate EUR 1.5 billion of annual cost synergies by the end of 2008 rather than by 2010.
• Nokia and Nokia Siemens Networks are also targeting a further EUR 500 million of annual cost synergies.
- Eric - |
