DGAP-Ad hoc: Nokia Corp english
NOKIA 2Q PROFITS AND MARGINS UP - REVENUES IN LINE WITH GUIDANCE
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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NOKIA 2Q PROFITS AND MARGINS UP - REVENUES IN LINE WITH GUIDANCE
Second quarter 2002 compared with second quarter 2001:
- Net sales decreased 6% to EUR 6 935 million (EUR 7 346 million in 2Q 2001)
- Pro forma operating profit increased to EUR 1 260 million (EUR 1 137 million);
pro forma operating margin increased to 18.2% (15.5%)
- Reported operating profit increased to EUR 1 221 million (EUR 856 million):
reported operating margin increased to 17.6% (11.7%)
- Pro forma adjustments: EUR 52 million in goodwill amortization and a EUR 13
million positive adjustment related to the earlier Dolphin write-off in 3Q 2001
- Pro forma earnings per share (diluted) increased to EUR 0.19 (EUR 0.17)
- Reported (IAS) net profit increased to EUR 862 million (EUR 589 million) and
reported earnings per share (diluted) increased to EUR 0.18 (EUR 0.12)
- Operating cash flow increased to EUR 1 410 million (EUR 790 million)
end of ad-hoc-announcement (c)DGAP 18.07.2002
Issuer's information/explanatory remarks concerning this ad-hoc-announcement:
It should be noted that certain statements herein which are not historical
facts, including, without limitation those regarding A) the timing of product
deliveries; B) our ability to develop and implement new products and
technologies; C) expectations regarding market growth and developments; D)
expectations for growth and profitability; and E) statements preceded by
"believe," "expect," "anticipate," "foresee" or similar expressions, are
forward-looking statements. Because these statements involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) developments in the mobile communications market including
the continued development of the replacement market and the Company's success in
the 3G market; 2) demand for products and services; 3) market acceptance of new
products and service introductions; 4) the availability of new products and
services by operators; 5) weakened economic conditions in many of the Company's
principal markets; 6) pricing pressures; 7) intensity of competition; 8) the
impact of changes in technology; 9) consolidation or other structural changes in
the mobile communications market; 10) the success and financial condition of
the Company's partners, suppliers and customers; 11) the management of the
Company's customer financing exposure; 12) the continued success of product
development by the Company; 13) the continued success of cost-efficient,
effective and flexible manufacturing by the Company; 14) the ability of the
Company to source component production and R&D without interruption and at
acceptable prices; 15) inventory management risks resulting from shifts in
market demand; 16) fluctuations in exchange rates, including, in particular, the
fluctuations in the euro exchange rate between the US dollar and the Japanese
yen; 17) impact of changes in government policies, laws or regulations; 18) the
risk factors specified on pages 10 to 17 of the Company's Form 20-F for the year
ended December 31, 2001.
NOKIA
Helsinki, July 18, 2002
For more information:
Lauri Kivinen, Corporate Communications, tel. +358 7180 34495
Ulla James, Investor Relations, tel. +1 972 894 4880
Antti Räikkönen, Investor Relations, tel. +358 7180 34290
http://www.nokia.com
- Nokia plans mid-quarter updates on September 10 and December 10, 2002.
- Results announcements for 3Q, and 4Q 2002 are planned for October 17 and
January 23, respectively.
The complete press release with tables is available at:
http://www.nokia.com/investor/2002/2Q/
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WKN: 870737; ISIN: FI0009000681; Index:
Listed: Amtlicher Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart
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