Financial highlights

INVESTORS_FINANCIALS_FINANCIAL_HIGHLIGHTS_PROFIT

 2012 EURm2011 EURmChange %
Net sales30,17638,659-22%
Gross profit8,39011,359-26%
Gross margin, %27.8%29.4%
Research & development expenses4,7825,584-14%
Sales and Marketing expenses3,2053,769-15%
Operating profit -2,303-1,073 
Operating profit (non IFRS)1261,825-93%
Operating margin (non IFRS), % 0.4%4.7% 
Profit before taxes-2,644-1,198
Profit attributable to equity holders of the parent-3,106-1,164 
Net cash from operating activities-3541,137
Net cash and other liquid assets4,3605,581-22%

NOKIA NET SALES BY GEOGRAPHIC AREA IN 2012

MARKETS_NET_SALES

Share data

SHARE_DATA_GRAPH

 2012 EUR2011 EUR
Earnings per share, basic-0.84-0.31
Earnings per share (non IFRS), basic-0.170.29
Dividend per share0.00*0.20
Average number of shares (basic, 1000 shares)3,710,8453,709,947

*Board of Director's proposal to Shareholder's Annual General Meeting on May 7th, 2013

NOKIA NET SALES BY BUSINESS IN 2012

SEGMENT_INFORMATION_GRAPH

 2012 EURm2011 EURmChange %
Devices & Services
Net sales15,68623,943-34%
Operating profit (non IFRS)-7031,683
Operating margin (non IFRS), %-4.5%7.0% 
HERE
Net sales1,1031,0911%
Operating profit (non IFRS)15448
Operating margin (non IFRS), %13.9%4.4% 
Nokia Siemens Networks
Net sales13,77914,041-2%
Operating profit (non IFRS)778225
Operating margin (non IFRS), %5.6%1.6% 

NOKIA PERSONNEL BY GEOGRAPHIC AREA 31.12.2012

PERSONNEL_GRAPH

Personnel, December 31st

20122011Change %
Devices & Services and corporate common33,20149,705

-33%

HERE6,1866,659

-7%

Nokia Siemens Networks58,41173,686

-21%

Nokia Group97,798130,050

-25%

Forward-Looking Statements

It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding: A) the planned sale by Nokia of substantially all of Nokia's Devices & Services business, including Smart Devices and Mobile Phones (referred to below as "Sale of the D&S Business") pursuant to the Stock and Asset Purchase Agreement, dated as of September 2, 2013, between Nokia and Microsoft International Holdings B.V.(referred to below as the "Agreement"); B) the closing of the Sale of the D&S Business; C) receiving timely, if at all, necessary regulatory approvals for the Sale of the D&S Business; D) expectations, plans or benefits related to or caused by the Sale of the D&S Business; E) expectations, plans or benefits related to Nokia's strategies, including plans for Nokia with respect to its continuing businesses that will not be divested in connection with the Sale of the D&S Business; F) expectations, plans or benefits related to changes in leadership and operational structure; G) expectations and targets regarding our operational priorities, financial performance or position, results of operations and use of proceeds from the Sale of the D&S Business; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "sees," "target," "estimate," "designed," "aim", "plans," "intends," "focus," "will" or similar expressions. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) the inability to close the Sale of the D&S Business in a timely manner, or at all, for instance due to the inability or delays in obtaining necessary regulatory approvals for the Sale of the D&S Business, or the occurrence of any event, change or other circumstance that could give rise to the termination of the Agreement; 2) the potential adverse effect on the sales of our mobile devices, business relationships, operating results and business generally resulting from the announcement of the Sale of the D&S Business or from the terms that we have agreed for the Sale of the D&S Business; 3) any negative effect from the implementation of the Sale of the D&S Business, as we may forego other competitive alternatives for strategies or partnerships that would benefit our Devices & Services business and if the Sale of the D&S Business is not closed, we may have limited options to continue the Devices & Services business or enter into another transaction on terms favorable to us, or at all; 4) our ability to effectively and smoothly implement planned changes to our leadership and operational structure or maintain an efficient interim governance structure and preserve or hire key personnel; 5) any negative effect from the implementation of the Sale of the D&S Business, including our internal reorganization in connection therewith, which will require significant time, attention and resources of our senior management and others within the company potentially diverting their attention from other aspects of our business; 6) disruption and dissatisfaction among employees caused by the plans and implementation of the Sale of the D&S Business reducing focus and productivity in areas of our business; 7) the amount of the costs, fees, expenses and charges related to or triggered by the Sale of the D&S Business; 8) any impairments or charges to carrying values of assets or liabilities related to or triggered by the Sale of the D&S Business; 9) potential adverse effects on our business, properties or operations caused by us implementing the Sale of the D&S Business; 10) the initiation or outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted against us relating to the Sale of the D&S Business, as well as the risk factors specified on pages 12-47 of Nokia's annual report on Form 20-F for the year ended December 31, 2012 under Item 3D. "Risk Factors." and risks outlined in our interim report issued on October 29, 2013. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

Contact the Nokia Investor Relations Team