Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure

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| Source: Nokia
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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-audited)                  
  Mobile
Broad-

band
10-12/2012
Global
Ser
-vices
10-12/2012
Nokia
Solutions and Networks
Other
10-12/2012
Nokia
Solutions and Networks
10-12/2012
HERE
10-12/2012
Advanced
Techno-logies
10-12/2012
Corporate
Common
10-12/2012
Eli-minations
10-12/2012
Nokia
Continuing
Operations
10-12/2012
                   
Net
sales
1 776 1 979 233 3 988 278 151   -4 4 413
                   
Costs and expenses -1 478 -1 747 -237 -3 462 -325 -51 -50 4 -3 884
                   
Other
income
and expenses
0 0 -274 -274 -9   83   -200
                   
Contri-
bution
298 232 -278            
% of net sales 16.8 11.7 -119.3            
                   
Operating 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              
(unaudited)                  
  Mobile
Broad-band
1-12/2012
Global
Ser-vices
1-12/2012
Nokia
Solutions and Networks
Other
1-12/2012
Nokia
Solutions and Networks
1-12/2012
HERE
1-12/2012
Advanced
Techno-logies
1-12/2012
Corporate
Common
1-12/2012
Elimi-nations
1-12/2012
Nokia
Continuing
Operations
1-12/2012
                   
Net sales 6 043 6 929 807 13 779 1 103 534   -16 15 400
                   
Costs and expenses -5553 -6595 -1 136 -13 284 -1 374 -206 -136 16 -14 984
                   
Other income and expenses 0 0 -1 290 -1 290 -30 -3 86   -1 237
                   
Con-tribution 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              
(unaudited)                    
  Mobile
Broad-band
1-3/2013
Global
Ser-vices
1-3/2013
Nokia
Solutions and Networks
Other
1-3/2013
Nokia
Solutions and Networks
1-3/2013
HERE
1-3/2013
Advanced
Techno
-logies
1-3/2013
Corporate
Common
1-3/2013
Elimi
-nations
1-3/2013
Nokia
Continuing
Operations
1-3/2013
 
                     
Net sales 1 244 1 423 137 2 804 216 124   -4 3 140  
                     
Costs and expenses -1 115 -1 343 -221 -2 679 -308 -50 -28 4 -3 061  
                     
Other income and expenses 0 0 -122 -122 -5 0 19   -108  
                     
Con-tribution 129 80 -206              
% of net sales 10.4 5.6 -150.4              
                     
Operating 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              
(unaudited)                    
  Mobile
Broad-band
4-6/2013
Global
Services
4-6/2013
Nokia
Solutions and Networks
Other
4-6/2013
Nokia
Solutions and Networks
4-6/2013
HERE
4-6/2013
Advanced
Techno-logies
4-6/2013
Corporate
Common
4-6/2013
Elimi-nations
4-6/2013
Nokia
Continuing
Operations
4-6/2013
 
                     
Net sales 1 281 1 459 41 2 781 233 145   -4 3 155  
                     
Costs and expenses -1169 -1244 -82 -2 495 -311 -54 -31 4 -2 887  
                     
Other income and expenses 0 0 -278 -278 -11 -1 34   -256  
                     
Contri-bution 112 215 -319              
% of net sales 8.7 14.7 -778.0              
                     
Operating 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
Global
Ser-vices
7-9/2013
Nokia
Solutions and Networks
Other
7-9/2013
Nokia
Solutions and Networks
7-9/2013
HERE
7-9/2013
Advanced
Techno
-logies
7-9/2013
Corporate
Common
7-9/2013
Elimi
-nations
7-9/2013
Nokia
Continuing
Operations
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            
  (unaudited)                  
    Mobile
Broad-band
10-12/2012
Global
Ser-vices
10-12/2012
Nokia
Solutions and Networks
Other
10-12/2012
Nokia
Solutions and Networks
10-12/2012
HERE
10-12/2012
Advanced
Technologies
10-12/2012
Corporate
Common
10-12/2012
Elimi-nations
10-12/2012
Nokia
Continuing
Operations
10-12/2012
                     
  Net sales 1 776 1 979 233 3 988 278 151 0 -4 4 413
                     
  Costs and expenses -1 478 -1 747 -170 -3 395 -239 -51 -50 4 -3 731
                     
  Other income and expenses 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            
  (unaudited)                  
    Mobile
Broad-band
1-12/2012
Global
Ser-vices
1-12/2012
Nokia
Solutions and Networks
Other
1-12/2012
Nokia
Solutions and Networks
1-12/2012
HERE
1-12/2012
Advanced
Techno-logies
1-12/2012
Corporate
Common
1-12/2012
Elimi-nations
1-12/2012
Nokia
Continuing
Operations
1-12/2012
                     
  Net sales 6 043 6 929 807 13 779 1 104 534 0 -16 15 401
                     
  Costs and expenses -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            
(unaudited)                  
  Mobile
Broad-band
1-3/2013
Global
Ser
-vices
1-3/2013
Nokia
Solutions and Networks
Other
1-3/2013
Nokia
Solutions and Networks
1-3/2013
HERE
1-3/2013
Advanced
Techno-logies
1-3/2013
Corporate
Common
1-3/2013
Elimi
-nations
1-3/2013
Nokia
Continuing
Operations
1-3/2013
                   
Net sales 1 244 1 423 137 2 804 216 124 0 -4 3 140
                   
Costs and expenses -1115 -1343 -157 -2 615 -221 -50 -28 4 -2 910
                   
Other income and expenses 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
Solutions and Networks
Other
4-6/2013
Nokia
Solutions and Networks
4-6/2013
HERE
4-6/2013
Advanced
Techno-logies
4-6/2013
Corporate
Common
4-6/2013
Elimi-nations
4-6/2013
Nokia
Continuing
Operations
4-6/2013
                   
Net sales 1 281 1 459 41 2 781 234 145 0 -4 3 156
                   
Costs and expenses -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
Solutions and Networks
7-9/2013
HERE
7-9/2013
Advanced
Techno-logies
7-9/2013
Corporate
Common
7-9/2013
Elimi-nations
7-9/2013
Nokia
Continuing
Operations
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
                   
Contribution 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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