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Nokia's Q2 2004 results. not looking very good. |
Krubach
Joined: Dec 05, 2002
Posts: > 500
From: Sunny Portugal! :)
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We'll as far as i can see, mobile phones related business is not going well:
Quoting from http://www.nokia.com/2004/Q2/index.html:
Highlights second quarter 2004 (all comparisons in parentheses are to second quarter 2003 results regrouped according to 2004 organization):
- Net sales declined 5% to EUR 6 640 million (EUR 7 019 million in Q2 2003), up 1% at constant currency
- Operating profit was EUR 907 million (EUR 818 million), including a one-time positive item of EUR 90 million representing a premium return related to our insurance program, with operating margin of 13.7% (11.7%)
- Net financial income was EUR 135 million (EUR 131 million), including a one-time positive item of EUR 71 million from the gain on the sale of the France Telecom bond
- EPS (diluted) was EUR 0.15 (EUR 0.13) on total net profits of EUR 712 million, including a favorable EUR 0.03 impact on EPS (diluted) from the two above-mentioned, one-time positive items
- Mobile Phones net sales decreased 13% to EUR 4 167 million (EUR 4 806 million), with EUR 797 million operating profit (EUR 1 308 million) and operating margin of 19.1% (27.2%)
(difference to same Q 2003 is -39% in profit  )
- Multimedia net sales increased 24% to EUR 739 million (EUR 596 million); Enterprise Solutions net sales decreased 2% to EUR 189 million (EUR 193 million)
- Networks net sales increased 6% to EUR 1 576 million (EUR 1 480 million), with EUR 255 million operating profit (EUR 349 million operating loss) and an operating margin of 16.2% (-23.6%). In Q2 2003, Networks business had a restructuring charge of EUR 399 million included in the Networks operating loss of EUR 349 million, which negatively impacted Nokia EPS (diluted) by EUR 0.06
- Operating cash flow was EUR 1.4 billion (EUR 1.3 billion) and overall cash position was EUR 11.5 billion (EUR 9.9 billion) at the end of the quarter.
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[ This Message was edited by: Krubach on 2004-07-15 11:48 ] | |
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batesie
Joined: Feb 13, 2004
Posts: > 500
From: London, UK
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http://quote.bloomberg.com/ap[....]&sid=aP3Hg3rEcg.I&refer=europe
Nokia Sees Lower Third-Quarter Profit, Sales on Price Cuts; Shares Tumble
Nokia to Report Lower Sales as Sony Ericsson Wins Market Share
July 15 (Bloomberg) -- Nokia Oyj, the world's biggest handset maker, may report falling sales today, while Sony Ericsson Mobile Communications Ltd. will probably say revenue jumped by a fifth, underscoring the Finnish company's loss of market share this year.
Espoo, Finland-based Nokia will probably say second-quarter sales dropped 5.1 percent to 6.66 billion euros ($8.3 billion) from a year earlier, while net income rose 4.3 percent to 651 million euros, according to a Bloomberg News survey. Sony Ericsson may report second-quarter pretax profit of 97 million euros ($120 million), compared with a loss of 102 million euros, an SME Direkt poll shows. Sales probably rose 21 percent to 1.36 billion euros.
Sony Ericsson, Motorola Inc., Samsung Electronics Co. and Siemens AG this year took business from Nokia, whose market share fell to the lowest in about five years. Sony Ericsson's market share rose to 5.6 percent as it won customers with popular camera phones and clamshell designs, which flip open to reveal a larger screen. Nokia's stock has fallen 17 percent this year.
``When a company like Nokia, which has been the market leader for so long, starts to fail, every quarter is interesting,'' said Tom Bystedt, a fund manager at 3C Asset Management in Stockholm, which oversees $644 million and doesn't own stock in Nokia or Sony Ericsson shareholder Ericsson AB.
London-based Sony Ericsson reports at 8:30 a.m. Stockholm time. Nokia's earnings are due at 1 p.m. Helsinki time.
Nokia's Woes
Nokia Chief Executive Officer Jorma Ollila, 53, last month said he will prune Nokia's product range after a record 40 new phones introduced last year failed to back lure customers.
No Nokia camera phones were among the top 10 models in June, while Sony Ericsson had five, according to TeliaSonera AB, Sweden's largest phone company and handset retailer.
Second-quarter revenue at Nokia, which makes about every third handset sold, probably fell to 6.66 billion euros from 7.02 billion euros a year earlier, according to the median forecast of 10 analysts surveyed by Bloomberg News. Nokia's annual revenue declined in 2003 and 2002 as Western markets became saturated, prices slipped and the dollar fell against the euro.
Nokia's global market share fell to 28.9 percent in the first quarter, Stamford, Connecticut-based researcher Gartner Inc. said in a report on June 8.
Continued on link....
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Krubach
Joined: Dec 05, 2002
Posts: > 500
From: Sunny Portugal! :)
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Link doesn't work... 
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Posted: 2004-07-15 12:47
