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Thursday, July 18, 2013

Nokia interim quarterly results show a mixed picture

Nokia has published interim results for its April-June financial period and also for the first half of 2013.

Net sales for the quarter were down 24% year-on-year to €5.7 billion (£4.9 billion). The company made an operating loss of €115 million (£99 million), which is an improvement on the previous quarter and on the same quarter a year ago. It’s also the fourth consecutive quarter that the underlying figures have shown an operating profit, according to Nokia.

Shipments of smart devices were down 27% year-on-year to 7.4 million for the quarter, while other mobile phone shipments were also down 27% to 53.7 million.

However, Lumia smartphone numbers were up 32% from the previous quarter to 7.4 million units - and up 85% from Q2 2012, when 4 million were shipped.

Stephen Elop, Nokia’s CEO, said “We benefited from another strong performance at Nokia Siemens Networks, which continued to deliver well against its focused strategy. With our recent announcement to purchase Siemens’ 50% stake in Nokia Siemens Networks, we believe we will create value for Nokia shareholders and look forward to strengthening Nokia Siemens Networks as a more independent entity. In our Smart Devices business unit, we continue to focus on delivering meaningful differentiation to consumers around the world. Overall, Lumia volumes grew to 7.4 million in the second quarter, the highest for any quarter so far and showing increasing momentum for the ecosystem. During the third quarter, we expect that our new Lumia products will drive a significant part of our Smart Devices revenue.”

[Full results (pdf)]

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 856

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