2006 - Nokia

PRESS RELEASE
19 October 2006 6 (15)
NOKIA IN THE THIRD QUARTER 2006
(International Financial Reporting Standards (IFRS) comparisons given to the third quarter 2005 results,
unless otherwise indicated.)
Nokia’s net sales increased 20% to EUR 10 100 million (EUR 8 403 million). Sales of Mobile Phones increased
14% to EUR 5 949 million (EUR 5 203 million). Sales of Multimedia increased 45% to EUR 2 092 million
(EUR 1 447 million). Sales of Enterprise Solutions increased 27% to EUR 257 million (EUR 203 million). Sales of
Networks increased 16% to EUR 1 804 million (EUR 1 555 million).
Operating profit decreased to EUR 1 100 million (EUR 1 149 million), representing an operating margin of
10.9% (13.7%). Operating profit in Mobile Phones decreased 11% to EUR 779 million, including charges of
EUR 128 million primarily related to the restructuring of the CDMA business and associated asset writedowns
(EUR 880 million), representing an operating margin of 13.1% (16.9%). Operating profit in
Multimedia increased 49% to EUR 366 million (EUR 245 million, including a gain of EUR 19 million related to
the divestiture of Nokia’s Tetra business), representing an operating margin of 17.5% (16.9%). Enterprise
Solutions reported an operating loss of EUR 65 million (operating loss of EUR 37 million). Operating profit in
Networks decreased 17% to EUR 131 million (EUR 157 million, including a gain of EUR 42 million related to
the divestiture of Nokia’s Tetra business and a gain of EUR 18 million related to the partial sale of a minority
investment), representing an operating margin of 7.3% (10.1%). Common Group expenses totaled EUR 111
million (EUR 96 million, including a EUR 8 million gain related to real estate sales).
Financial income was EUR 34 million (EUR 63 million). Profit before tax and minority interests was EUR 1 145
million (EUR 1 218 million). Net profit totaled EUR 845 million (EUR 881 million). Earnings per share increased
to EUR 0.21 (basic) and to EUR 0.21 (diluted), compared with EUR 0.20 (basic) and EUR 0.20 (diluted) in the
third quarter of 2005.
NOKIA IN JANUARY – SEPTEMBER 2006
(International Financial Reporting Standards (IFRS) comparisons given to the January – September 2005
results, unless otherwise indicated.)
Nokia’s net sales increased 23% to EUR 29 420 million (EUR 23 858 million). Sales of Mobile Phones increased
21% to EUR 17 693 million (EUR 14 594 million). Sales of Multimedia increased 45% to EUR 5 741 million
(EUR 3 957 million). Sales of Enterprise Solutions increased 3% to EUR 726 million (EUR 708 million). Sales of
Networks increased 14% to EUR 5 269 million (EUR 4 606 million).
Operating profit increased to EUR 3 969 million (EUR 3 271 million), representing an operating margin of
13.5% (13.7%). Operating profit in Mobile Phones increased 12% to EUR 2 843 million (EUR 2 538 million),
representing an operating margin of 16.1% (17.4%). Operating profit in Multimedia increased 89% to
EUR 993 million (EUR 526 million), representing an operating margin of 17.3% (13.3%). Enterprise Solutions
reported an operating loss of EUR 194 million (operating loss of EUR 122 million). Operating profit in
Networks increased 16% to EUR 680 million (EUR 587 million), representing an operating margin of 12.9%
(12.7%). Common Group expenses totaled EUR 353 million (EUR 258 million).
In the period from January to September 2006, net financial income was EUR 163 million (EUR 244 million).
Profit before tax and minority interests was EUR 4 155 million (EUR 3 518 million). Net profit totaled
EUR 3 033 million (EUR 2 543 million). Earnings per share increased to EUR 0.74 (basic) and to EUR 0.74
(diluted), compared with EUR 0.58 (basic) and EUR 0.58 (diluted).