Nokia Q3 2008 results...

Publié le par Hamdouni Mohamed

Nokia Q3 2008 TOTAL (including Devices/Services and Nokia/Siemens Network) net sales EUR 12.2 billion

About Mobile device results:
NOKIA MOBILE DEVICE VOLUME BY GEOGRAPHIC AREA
 
 
(million units)
Q3
2008
Q3
2007
YoY
Change
Q2
2008
QoQ
Change
Europe
27.4
29.0
-5.5%
27.1
1.1%
Middle East & Africa
21.5
19.3
11.4%
21.1
1.9%
Greater China
19.8
18.9
4.8%
17.6
12.5%
Asia-Pacific
33.6
29.5
13.9%
36.4
-7.7%
North America
4.5
5.4
-16.7%
4.5
0.0%
Latin America
11.0
9.6
14.6%
15.3
-28.1%
Total
117.8
111.7
5.5%
122.0
-3.4%
 
THIRD QUARTER 2008 HIGHLIGHTS
- Nokia net sales of EUR 12.2 billion, down 5% year on year and down 7% sequentially (up 1% and down 7% at constant currency).
- Devices & Services net sales of EUR 8.6 billion, down 7% year on year and down 5% sequentially (down 1% and 5% at constant currency).
- Services and software net sales of EUR 115 million (billings of EUR 140 million).
- Estimated industry mobile device volumes of 310 million units, up 8% year on year and up 2% sequentially.
- Nokia mobile device volumes of 117.8 million units, up 5% year on year and down 3% sequentially.
- Nokia estimated mobile device market share of 38%, down from 39% in Q3 2007 and down from 40% in Q2 2008.
- Nokia mobile device ASP of EUR 72, down from EUR 74 in Q2 2008.
- Devices & Services gross margin of 36.5% up sequentially from 36.1% in Q2 2008.
- NAVTEQ net sales of EUR 156 million and non-IFRS operating margin of 18.5%.
- Nokia Siemens Networks net sales of EUR 3.5 billion, down 5% year on year and down 14% sequentially (flat and down 14% at constant currency).
- Total cash and other liquid assets of EUR 7.2 billion at the end of Q3 2008.

INDUSTRY AND NOKIA OUTLOOK
- Nokia expects industry mobile device volumes in the fourth quarter 2008 to be up sequentially.
- Nokia expects its mobile device market share in the fourth quarter 2008 to be at the same level or slightly up sequentially.
- Nokia expects industry mobile volume will be approximately 1.26 billion in 2008, up from approximately 1.14 billion units Nokia estimated for 2007.
- Nokia continues to target an increase in its market share in mobile devices in 2008.
- Nokia and Nokia Siemens Networks continue to target for Nokia Siemens Networks market share to remain constant in 2008, compared to 2007.
- Nokia and Nokia Siemens Networks continue to expect the mobile infrastructure and fixed infrastructure and related services market to be flat in Euro terms in 2008, compared to 2007.
- Nokia and Nokia Siemens Networks continued cost synergy target for Nokia Siemens Networks is to achieve substantially all of the EUR 2.0 billion of targeted annual cost synergies by the end of 2008, as previously announced.

Source: Nokia Press Release

Publié dans Reports

Commenter cet article