Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure

Source: Nokia Press - Press Releases - January 22, 2014

Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure

Espoo, Finland - As announced on January 16, 2014, Nokia will publish its fourth quarter 2013 and full year 2013 results report on Thursday January 23, 2014 at approximately 1pm Finnish time in a new reporting format.

After receiving shareholder approval of the pending sale of substantially all of its Devices & Services business at our Extraordinary General Meeting in November last year, Nokia is reporting substantially all of its Devices & Services business as discontinued operations in its fourth quarter 2013 and full year 2013 results report.

Nokia's continuing operations consist of three businesses: Nokia Solutions and Networks (NSN), HERE and Advanced Technologies. Nokia will report financial information for a total of four reportable segments - Mobile Broadband and Global Services within NSN, HERE, and Advanced Technologies - and, additionally, separate information for the discontinued operations.

Nokia provides below, for comparability purposes, certain historical results (on an unaudited basis) for its continuing operations reflecting the new reporting structure on a reported and non-IFRS* basis. Quarterly information is provided for the fourth quarter 2012 through the third quarter 2013, while annual information is provided for the full year 2012.

It should be noted that this information for past periods is provided for historical comparative purposes. As is customary, certain judgments have been made when regrouping historical results information and allocating items in the regrouped results. It should also be noted that the information provided herein is historical and therefore does not indicate future performance.

NOKIA CONTINUING OPERATIONS Q4 2012, FULL YEAR 2012, Q1, Q2 AND Q3 2013 (REPORTED)
SEGMENT INFORMATION AND ELIMINATIONS
Fourth quarter 2012, reported, EUR million
(un au di ted)
	Mo bile Broad band 10- 12/ 2012	Glo bal Ser vices 10- 12/ 2012	Nokia So lutions and Net works Other 10- 12/ 2012		Nokia So luti ons and Net works 10- 12/2 012		HERE 10- 12/ 2012	Ad va nced Tech no logies 10 12/ 2012	Cor porate Com mon 10 12/ 2012	Eli mi na tions 10 12/ 2012	Nokia Con ti nuing Ope ra tions 10-12/ 2012
Net sales	1 776	1 979	233		3 988		278	151		-4	4 413
Costs and ex penses	-1 478	-1 747	-237		-3 462		-325	-51	-50	4	-3 884
Other income and ex penses	0	0	-274		-274		-9		83		-200
Contri bution	298	232	-278
% of net sales	16.8	11.7	-119.3
Oper ting profit /loss					252		-56	100	33	0	329
% of net sales					6.3		-20.1	66.2	-	-	7.5
Full year 2012, reported. EUR million
(un audi ed)
	Mo bile Broad band 1 12/2012	Global Ser vices 1 12/2012	Nokia Sol utions and Net works Other 1-12/2012		Nokia Sol utions and Net works 1-12/2012		HERE 1 12/2012	Ad vanced Techno logies 1-12/2012	Cor po rate Com mon 1-12/2012	Eli mi na tions 1-12/2012	Nokia Con ti nuing Ope ra tions 1-12/2012
Net sales	6 043	6 929	807		13 779		1 103	534		-16	15 400
Costs and ex pen ses	-5553	-6595	-1 136		-13 284		-1 374	-206	-136	16	-14 984
Other in come and ex p enses	0	0	-1 290		-1 290		-30	-3	86		-1 237
Con tribu tion	490	334	-1 619
% of net sales	8.1	4.8	-200.6
Operating loss /profit					-795		-301	325	-50	-	-821
% of net sales					-5.8		-27.3	60.9	-	-	-5.3
First quarter 2013, reported, EUR million
(un audi ted)
	Mo bile Broad band 1- 3/ 2013	Glo bal Ser vices 1-3/ 2013		Nokia Sol utions and Net works Other 1-3/ 2013		Nokia Sol utions and Net works 1-3/ 2013	HERE 1-3/ 2013	Ad va nced Tech no logies 1-3/ 2013	Cor po rate Com mon 1-3/ 2013	Eli mi na tions 1-3/ 2013	Nokia Con ti nuing Ope ra tions 1-3/ 2013
Net sales	1 244	1 423		137		2 804	216	124		-4	3 140
Costs and ex pen ses	-1 115	-1 343		-221		-2 679	-308	-50	-28	4	-3 061
Other in come and ex pen ses	0	0		-122		-122	-5	0	19		-108
Con tri bution	129	80		-206
% of net sales	10.4	5.6		-150.4
Op erat ing loss /profit						3	-97	74	-9	0	-29
% of net sales						0.1	-44.9	59.7	-	-	-0.9
Second quarter 2013, reported, EUR million
(un audi ted)
	Mo bile Broad band 4 6/ 2013	Global Ser vices 4-6/ 2013		Nokia Sol utions and Net works Other 4-6/ 2013		Nokia Sol utions and Net works 4-6/ 2013	HERE 4-6/ 2013	Ad van ced Tech no logies 4-6/ 2013	Cor po rate Com mon 4-6/2013	Eli mi na tions 4-6/ 2013	Nokia Con ti nuing Ope r ations 4-6/ 2013
Net sales	1 281	1 459		41		2 781	233	145		-4	3 155
Costs and ex pen ses	-1169	-1244		-82		-2 495	-311	-54	-31	4	-2 887
Other in come and ex pen ses	0	0		-278		-278	-11	-1	34		-256
Con tri buti on	112	215		-319
% of net sales	8.7	14.7		-778.0
Ope rating profit /loss						8	-89	90	3	-	12
% of net sales						0.3	-38.2	62.1	-	-	0.4

Third quarter 2013, reported, EUR million
(unaudited)
	Mobile Broad band 7-9/ 2013	Glo bal Ser vices 7-9/ 2013	Nokia Sol utions and Net works Other 7-9/ 2013	Nokia Sol utions and Net works 7-9/ 2013	HERE 7-9/ 2013	Ad vanced Techno -logies 7-9/ 2013	Cor porate Com mon 7-9/ 2013	El imi nations 7-9/ 2013	Nokia Con tinuing Ope rations 7-9/2013
Net sales	1 259	1 331	2	2 592	211	140		-4	2 939
Costs and expenses	-1 197	-1 167	-24	-2 388	-193	-57	-25	4	-2 659
Other income and expenses	0	0	-38	-38	-4	0	24		-18
Contri bution	62	164	-61
% of net sales	4.9	12.3
Operating profit/loss				166	14	83	-1	0	262
% of net sales				6.4	6.6	59.3	-	-	8.9

	NOKIA CONTINUING OPERATIONS Q4 2012, FULL YEAR 2012, Q1, Q2 AND Q3 2013 (NON-IFRS)
	SEGMENT INFORMATION AND ELIMINATIONS
	Fourth quarter 2012, non-IFRS, EUR million
	(un audited)
		Mo bile Broad-band 10-12 /2012			Glo bal Ser-vices 10-12/ 2012			Nokia Sol utions and Net works Other 10-12/ 2012			Nokia Sol utions and Net works 10-12/ 2012						HERE 10-12/ 2012	Ad van ced Tech nol gies 10-12/ 2012	Cor porate Com mon 10 12/ 2012		Eli mi nations 10- 12/ 2012		Nokia Con tinuing Ope rations 10-12/ 2012
	Net sales	1 776			1 979			233			3 988						278	151	0		-4		4 413
	Costs and ex penses	-1 478			-1 747			-170			-3 395						-239	-51	-50		4		-3 731
	Other income and ex penses	0			0			-17			-17						1	0	4		0		-12
	Contri bution	298			232			46
	% of net sales	16.8			11.7			19.7
	Operating profit /loss										576						40	100	-46		0		670
	% of net sales										14.4						14.4	66.2	-		-		15.2
	Full year 2012, non-IFRS. EUR million
	(un audited)
		Mo bile Broad band 1 12/ 2012			Global Ser vices 1-12/ 2012			Nokia Sol utions and Net works Other 1-12/ 2012			Nokia Sol utions and Net works 1-12/ 2012						HERE 1- 12/ 2012	Adv an ced Tech no logies 1-12/ 2012	Cor porate Com mon 1-12/ 2012		Eli mi nations 1-12/ 2012		Nokia Con tinuing Operations 1-12/ 2012
	Net sales	6 043			6 929			807			13 779						1 104	534	0		-16		15 401
	Costs and ex penses	-5 553			-6 595			-806			-12 954						-951	-206	-136		16		-14 231
	Other income and expenses	0			0			-43			-43						1	1	13		0		-28
	Contri bution	490			334			-42
	% of net sales	8.1			4.8			-5.2
	Operating profit /loss										782						154	329	-123		-		1 142
	% of net sales										5.7						13.9	61.6	-		-		7.4
First quarter 2013, non-IFRS, EUR million
(un audited)
		Mo bile Broad band 1 3/ 2013			Glo bal Ser vices 1-3/ 2013			Nokia Sol utions and Net works Other 1-3/2013			Nokia Sol utions and Net works 1-3/ 2013						HERE 1-3 /2013	Ad van ced Tech no logies 1-3/ 2013	Cor porate Com mon 1-3/ 2013		Elimi nations 1-3/ 2013		Nokia Con tinuing Ope rations 1-3/ 2013
Net sales		1 244			1 423			137			2 804						216	124	0		-4		3 140
Costs and ex penses		-1115			-1343			-157			-2 615						-221	-50	-28		4		-2 910
Other income and ex penses		0			0			7			7						0	0	20		0		27
Contri bution		129			80			-13
% of net sales		10.4			5.6			-9.5
Operating profit /loss											196						-5	74	-8		0		257
% of net sales											7.0						-2.3	59.7	-		-		8.2

Second quarter 2013, non-IFRS, EUR million
(unaudited)
	Mobile Broad band 4-6/2013	Global Ser vices 4-6/2013	Nokia Sol utions and Net works Other 4-6/2013	Nokia Sol utions and Net works 4-6/2013	HERE 4-6/2013	Ad vanced Techno logies 4-6/2013	Cor porate Com mon 4-6/2013	Eli mi nations 4-6/2013	Nokia Con tinuing Ope rations 4-6/2013
Net sales	1 281	1 459	41	2 781	234	145	0	-4	3 156
Costs and xpenses	-1169	-1244	-70	-2 483	-225	-54	-31	4	-2 789
Other income and expenses	0	0	30	30	-1	1	34	0	64
Contri bution	112	215	1
% of net sales	8.7	14.7	2.4
Operating profit/loss				328	8	92	3	-	431
% of net sales				11.8	3.4	63.4	-	-	13.7

Third quarter 2013, non-IFRS, EUR million
(unaudited)
	Mobile Broad band 7- 9/2013		Global Ser vices 7-9/2013		Nokia Solutions and Networks Other 7-9/2013		Nokia Solution and Networks 7-9/2013	HERE 7-9/2013	Ad vanced Techno logies 7-9/2013	Cor porate Com mon 7-9/2013	Eli mi nations 7-9/2013	Nokia Cont nuing Oper tions 7-9/2013
Net sales	1 259		1 331		2		2 592	211	140	0	-4	2 939
Costs and expenses	-1 197		-1 167		-11		-2 375	-190	-56	-25	4	-2 642
Other income and expenses	0		0		1		1	-1	0	47	0	47
Contri bution	62		164		-9
% of net sales	4.9		12.3
Operating profit/loss							218	20	84	22	0	344
% of net sales							8.4	9.5	60.4	-	-	11.7

*In addition to information on Nokia's reported IFRS results, Nokia provides certain information on a non-IFRS, or underlying business performance, basis. Non-IFRS results exclude all material special items for all periods. In addition, non-IFRS results exclude intangible asset amortization, other purchase price accounting related items and inventory value adjustments arising from (1) the formation of Nokia Siemens Networks and (2) all business acquisitions completed after June 30, 2008. Nokia believes that its non-IFRS results provide meaningful supplemental information to both management and investors regarding Nokia and its underlying business performance by excluding the above-described items that may not be indicative of Nokia's business operating results. In this pro forma information Nokia's non-IFRS results as described above are also presented on a pro forma basis.

These non-IFRS financial measures should not be viewed in isolation or as substitutes to the equivalent IFRS measure(s), but should be used in conjunction with the most directly comparable IFRS measure(s) in the reported results. We provide more information in the non-IFRS measures in the respective results reports.

About Nokia Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visithttp://www.nokia.com/about-nokia .