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
au
di
ted)
Mo
bile
Broad
band
10-
12/
2012
Glo
bal
Ser
vices
10-
12/
2012
Nokia
So
lutions
and
Net
works
Other
10-
12/
2012
Nokia
So
luti
ons
and
Net
works
10-
12/2
012
HERE
10-
12/
2012
Ad
va
nced
Tech
no
logies
10
12/
2012
Cor
porate
Com
mon
10
12/
2012
Eli
mi
na
tions
10
12/
2012
Nokia
Con
ti
nuing
Ope
ra
tions
10-12/
2012
Net
sales
1 776 1 979 233 3 988 278 151 -4 4 413
Costs
and
ex
penses
-1 478 -1 747 -237 -3 462 -325 -51 -50 4 -3 884
Other
income
and
ex
penses
0 0 -274 -274 -9 83 -200
Contri
bution
298 232 -278
% of
net
sales
16.8 11.7 -119.3
 
Oper
ting
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
(un
audi
ed)
Mo
bile
Broad
band
1
12/2012
Global
Ser
vices
1
12/2012
Nokia
Sol
utions
and
Net
works
Other
1-12/2012
Nokia
Sol
utions
and
Net
works
1-12/2012
HERE
1
12/2012
Ad
vanced
Techno
logies
1-12/2012
Cor
po
rate
Com
mon
1-12/2012
Eli
mi
na
tions
1-12/2012
Nokia
Con
ti
nuing
Ope
ra
tions
1-12/2012
 
Net
sales
6 043 6 929 807 13 779 1 103 534 -16 15 400
Costs
and
ex
pen
ses
-5553 -6595 -1 136 -13 284 -1 374 -206 -136 16 -14 984
Other
in
come
and
ex
p
enses
0 0 -1 290 -1 290 -30 -3 86 -1 237
 
Con
tribu
tion
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
(un
audi
ted)
Mo
bile
Broad
band
1-
3/
2013
Glo
bal
Ser
vices
1-3/
2013
Nokia
Sol
utions
and
Net
works
Other
1-3/
2013
Nokia
Sol
utions
and
Net
works
1-3/
2013
HERE
1-3/
2013
Ad
va
nced
Tech
no
logies
1-3/
2013
Cor
po
rate
Com
mon
1-3/
2013
Eli
mi
na
tions
1-3/
2013
Nokia
Con
ti
nuing
Ope
ra
tions
1-3/
2013
Net
sales
1 244 1 423 137 2 804 216 124 -4 3 140
Costs
and
ex
pen
ses
-1 115 -1 343 -221 -2 679 -308 -50 -28 4 -3 061
  
Other
in
come
and
ex
pen
ses
0 0 -122 -122 -5 0 19 -108
Con
tri
bution
129 80 -206
% of
net
sales
10.4 5.6 -150.4
Op
erat
ing
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
(un
audi
ted)
Mo
bile
Broad
band
4
6/
2013
Global
Ser
vices
4-6/
2013
Nokia
Sol
utions
and
Net
works
Other
4-6/
2013
Nokia
Sol
utions
and
Net
works
4-6/
2013
HERE
4-6/
2013
Ad
van
ced
Tech
no
logies
4-6/
2013
Cor
po
rate
Com
mon
4-6/2013
Eli
mi
na
tions
4-6/
2013
Nokia
Con
ti
nuing
Ope
r
ations
4-6/
2013
Net
sales
1 281 1 459 41 2 781 233 145 -4 3 155
Costs
and
ex
pen
ses
-1169 -1244 -82 -2 495 -311 -54 -31 4 -2 887
Other
in
come
and
ex
pen
ses
0 0 -278 -278 -11 -1 34 -256
Con
tri
buti
on
112 215 -319
% of
net
sales
8.7 14.7 -778.0
  
Ope
rating
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
Glo
bal
Ser
vices
7-9/
2013
Nokia
Sol
utions
and
Net
works
Other
7-9/
2013
Nokia
Sol
utions
and
Net
works
7-9/
2013
HERE
7-9/
2013
Ad
vanced
Techno
-logies
7-9/
2013
Cor
porate
Com
mon
7-9/
2013
El
imi
nations
7-9/
2013
Nokia
Con
tinuing
Ope
rations
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
  (un
audited)
  Mo
bile
Broad-band
10-12
/2012
Glo
bal
Ser-vices
10-12/
2012
Nokia
Sol
utions and
Net
works
Other
10-12/
2012
Nokia
Sol
utions
and
Net
works
10-12/
2012
HERE
10-12/
2012
Ad
van
ced
Tech
nol
gies
10-12/
2012
Cor
porate
Com
mon
10
12/
2012
Eli
mi
nations
10-
12/
2012
Nokia
Con
tinuing
Ope
rations
10-12/
2012
 
  Net
sales
1 776 1 979 233 3 988 278 151 0 -4 4 413
 
  Costs
and
ex
penses
-1 478 -1 747 -170 -3 395 -239 -51 -50 4 -3 731
 
  Other
income
and
ex
penses
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
  (un
audited)
  Mo
bile
Broad
band
1
12/
2012
Global
Ser
vices
1-12/
2012
Nokia
Sol
utions
and
Net
works
Other
1-12/
2012
Nokia
Sol
utions
and
Net
works
1-12/
2012
HERE
1-
12/
2012
Adv
an
ced
Tech
no
logies
1-12/
2012
Cor
porate
Com
mon
1-12/
2012
Eli
mi
nations
1-12/
2012
Nokia
Con
tinuing
Operations
1-12/
2012
 
  Net
sales
6 043 6 929 807 13 779 1 104 534 0 -16 15 401
 
  Costs
and
ex
penses
-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
(un
audited)
Mo
bile
Broad
band
1
3/
2013
Glo
bal
Ser
vices
1-3/
2013
Nokia
Sol
utions
and
Net
works
Other
1-3/2013
Nokia
Sol
utions
and
Net
works
1-3/
2013
HERE
1-3
/2013
Ad
van
ced
Tech
no
logies
1-3/
2013
Cor
porate
Com
mon
1-3/
2013
Elimi
nations
1-3/
2013
Nokia
Con
tinuing
Ope
rations
1-3/
2013
Net
sales
1 244 1 423 137 2 804 216 124 0 -4 3 140
Costs
and
ex
penses
-1115 -1343 -157 -2 615 -221 -50 -28 4 -2 910
Other
income
and
ex
penses
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
Sol
utions
and
Net
works
Other
4-6/2013
Nokia
Sol
utions
and
Net
works
4-6/2013
HERE
4-6/2013
Ad
vanced
Techno
logies
4-6/2013
Cor
porate
Com
mon
4-6/2013
Eli
mi
nations
4-6/2013
Nokia
Con
tinuing
Ope
rations
4-6/2013
Net
sales
1 281 1 459 41 2 781 234 145 0 -4 3 156
Costs
and
xpenses
-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
Solution
and
Networks
7-9/2013
HERE
7-9/2013
Ad
vanced
Techno
logies
7-9/2013
Cor
porate
Com
mon
7-9/2013
Eli
mi
nations
7-9/2013
Nokia
Cont
nuing
Oper
tions
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
Contri
bution
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.

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