*vwd DGAP-Ad hoc: 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 www.nokia.com )
Ende der Ad-hoc-Mitteilung © DGAP 19.07.2001
--------------------------------------------------
WKN: 870737; Index:
Notiert: Amtlicher Handel in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart
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 www.nokia.com )
Ende der Ad-hoc-Mitteilung © DGAP 19.07.2001
--------------------------------------------------
WKN: 870737; Index:
Notiert: Amtlicher Handel in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart
