Nokia tops EUR 12 billion net sales in Q4 2009


Nokia CEO Olli-Pekka Kallasvuo
Nokia reported net sales of EUR 12.0 billion, representing a decrease of 5% compared with EUR 12.7 billion in the fourth quarter 2008.

“We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models. Our performance in smartphones, combined with continuing success in the emerging markets, helped us increase sales in our Devices & Services unit, both quarter-on-quarter and year-on-year”, commented Olli-Pekka Kalasvuo, Nokia CEO.

In the fourth quarter of 2009, the total mobile device volumes of Devices & Services were 126,9 million units, meaning an increase of 12% year on year and 17% sequentially. Nokia estimated the mobile device industry at 329 million units in the given period, representing an increase of 8% year on year and 14% sequentially.

According to the Finnish company, the converged mobile industry volumes have increased in Q4 2009 to 52,4 million units, up from 47 million units in Q3 2009. Nokia reportedly sold 20,8 million units of smartphones and mobile computers in the fourth quarter, compared with 15,1 million units in the fourth quarter 2008 and 16,4 million units in the third quarter 2009.

The company shipped around 4,6 million Nokia Nseries and approximately 6,1 million Nokia Eseries devices during the fourth quarter 2009, up from the combined 8,9 million Nseries and Eseries devices we shipped in the third quarter 2009.

Nokia’s share of the converged market raised from 35% in Q3 2009 to 40% in Q4 2009.Overall, Nokia’s share of the mobile device market share for the analyzed period was 39%.

Except the North American, Chinese and Latin American market, Nokia acquired higher markets share in Asia-Pacific, Middle East & Africa and Europe.

Services net sales went up by 15% sequentially to EUR 169 millions, while NAVTEQ non-IFRS net sales reached EUR 225 million, up 9% year on year and up 36% sequentially.

Nokia Siemens Networks net sales of EUR 3.6 billion were down 16% year on year and up 31% sequentially.
Nokia operating cash flow was EUR 1.5 billion in Q4 2009, more than double the operating cash flow for Q3 2009.

Nokia expects Devices & Services net sales to be between EUR 6.5 billion and EUR 7.0 billion in the first quarter 2010, with industry mobile device volumes to be up approximately 10% in 2010, compared to 2009.
Also, the group estimates Nokia Siemens Networks’ net sales to be between EUR 2.6 billion and EUR 2.9 billion in the first quarter 2010.

Nokia is one of the pioneers in mobile telecommunications and manufacturers of mobile devices. The company provides comprehensive digital map information through NAVTEQ and equipment, solutions and services for communications networks through Nokia Siemens Networks.