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Electronics Production | January 27, 2005

Nokia boosted sales

Nokia reports fourth-quarter 2004 net sales of EUR 9.1 billion, EPS EUR 0.23, and Nokia reports 2004 net sales of EUR 29.3 billion, EPS EUR 0.70.
For the full year 2004 net sales decreased 1% to EUR 29 267 million (EUR 29 455 million in 2003), up 6% at constant currency. Operating profit decreased 14% to EUR 4 330 million (EUR 5 011 million), with an operating margin of 14.8% (17.0%). Mobile Phones net sales were EUR 18 507 million (EUR 20 951 million) down 12%, down 5% at constant currency. Operating profit was EUR 3 768 million (EUR 5 927 million) and operating margin 20.4% (28.3%). Networks net sales increased 13% to EUR 6 367 million (EUR 5 620 million), up 21% at constant currency. Operating profit was EUR 878 million (EUR 219 million operating loss) and operating margin 13.8% (-3.9%).

Nokia outlook for Q1 2005
First-quarter Nokia group net sales are expected to be in the range of EUR 7.0 billion - EUR 7.3 billion, compared with EUR 6.6 billion in the first quarter 2004. EPS (diluted) is expected to be in the range of EUR 0.12 - EUR 0.15, including an estimated charge of EUR 60 - EUR 80 million (equal to approximately EUR 1 cent - EUR 1.5 cents per share) related to restructuring actions announced to date, compared with EPS (diluted) EUR 0.17 in the first quarter 2004.

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