Nokia in Q3 2009
October 15, 2009
The demand for mobile devices improved in many markets during Q3. With the average selling price of our devices holding firm quarter-on-quarter, our higher device volumes translated into increased net sales in our Devices & Services business.
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- Reported net sales of EUR 9 810 million
(EUR 12 237 million in Q3 2008)
- Reported operating loss of EUR 426 million
(operating profit of EUR 1 469 million)
- Reported earnings per share (diluted)
of EUR -0.15 (EUR 0.29)
Net sales by business group Q3 2009
| | EURm | % of total net sales |
| Devices & Services | 6 915 | 70 |
| NAVTEQ | 166 | 2 |
| Nokia Siemens Networks | 2 760 | 28 |
| Nokia Group | 9 810 | 100 |
Personnel by business group September 30, 2009
| Devices & Services | 54 642 |
| NAVTEQ | 4 470 |
| Nokia Siemens Networks | 63 943 |
| Group Common Functions | 292 |
| Nokia Group | 123 347 |
Industry and Nokia outlook (October 15, 2009)
- Nokia expects industry mobile device volumes in the fourth quarter 2009 to be up sequentially.
- Nokia expects its mobile device market share in the fourth quarter 2009 to be approximately at the same level sequentially.
- Nokia expects industry mobile device volumes to be approximately 1.12 billion units in 2009, down approximately 7% from approximately 1.21 billion units Nokia estimated for 2008. This is an update to Nokia’s earlier estimate of industry mobile device volumes declining approximately 10% in 2009 from 2008 levels.
- Nokia expects its non-IFRS operating margin in Devices & Services in the fourth quarter 2009 to be up by one percentage point or more sequentially.
- Nokia and Nokia Siemens Networks now expect the mobile infrastructure and fixed infrastructure and related services market to decline approximately 5% in Euro terms in 2009, from 2008 levels. This is an update to Nokia and Nokia Siemens Networks earlier expected decline of approximately 10%.
- Nokia and Nokia Siemens Networks also now expect that Nokia Siemens Networks market share will decline by more than previously expected in 2009, compared with 2008. This is an update to Nokia and Nokia Siemens Networks earlier expected moderate decline. Nokia and Nokia Siemens Networks continue to see strong performance in its Services business unit expected to be offset by declines in certain product businesses.