Nokia in Q1 2009
April 16, 2009
In what has been an exceptionally tough environment, we continue to invest in a focused manner in consumer Internet services delivered across our broad portfolio of mobile devices.
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- Reported net sales of EUR 9 274 million
(EUR 12 660 million in Q1 2008)
- Reported operating profit of EUR 55 million
(EUR 1 531 million)
- Reported earnings per share (diluted) of EUR 0.03 (EUR 0.32)
Net sales by reportable segment Q1 2009
| | EURm | % of total net sales |
| Devices & Services | 6 173 | 67 |
| NAVTEQ | 132 | 1 |
| Nokia Siemens Networks | 2 990 | 32 |
| Nokia Group | 9 274 | 100 |
Personnel by reportable segment March 31, 2008
| Devices & Services | 59 385 |
| Nokia Siemens Networks | 60 546 |
| NAVTEQ | 4 057 |
| Group Common Functions | 304 |
| Nokia Group | 124 292 |
Industry and Nokia outlook (April 16, 2009)
- Nokia expects industry mobile device volumes in the second quarter 2009 to be at approximately the same level or up slightly sequentially.
- Nokia expects its mobile device market share in the second quarter 2009 to increase sequentially.
- Nokia continues to expect 2009 industry mobile device volumes to decline approximately 10% from 2008 levels. Nokia continues to expect the decline to be greater in the first half than in the second half of the year.
- Nokia continues to target an increase in its market share in mobile devices in 2009.
- Nokia continues to target its non-IFRS operating margin in Devices & Services to be more than 10% in the first half 2009 and to be in the teens for the second half 2009.
- Nokia continues to target its annualized non-IFRS operating expense run rate in Devices & Services to be lower than EUR 6 billion by the end of 2010. This would represent a reduction of more than EUR 700 million to the annualized run rate at the beginning of 2009. Nokia continues to target that a majority of the reduction will happen during 2009.
- Nokia and Nokia Siemens Networks now expect the mobile infrastructure and fixed infrastructure and related services market to decline approximately 10% in Euro terms in 2009, from 2008 levels. This is an update to Nokia and Nokia Siemens Networks' earlier estimate that the mobile infrastructure and fixed infrastructure and related services market would decline 5% or more in Euro terms in 2009, from 2008 levels.
- Nokia and Nokia Siemens Networks continue to target for Nokia Siemens Networks market share to remain constant in 2009, compared to 2008.