2011 Nokia Q2 Report

| July 21, 2011 | 166 Replies

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We’ll be updating this post whilst you take a look at the Q2 documents.

PDF report file not yet available. Results pretty much as expected. Not good.

Update: PDF

Quarterly and annual Information

Nokia in Q2 2011July 21, 2011The challenges we are facing during our strategic transformation manifested in a greater than expected way in Q2 2011. However, even within the quarter, we believe our actions to mitigate the impact of these challenges have started to have a positive impact on the underlying health of our business.

  • Net sales of EUR 9 275 million (EUR 10 003 million in Q2 2010)
  • Reported operating loss of EUR 487 million (operating profit of EUR 295 million)
  • Reported EPS (diluted) of EUR -0.10 (EUR 0.06)

Net sales by reportable segment Q2 2011

  EURm % of total net sales
Devices & Services 5 467 59
Smart Devices 2 368 26
Mobile Phones 2 551 27
D&S Other 548 6
NAVTEQ 245 2
Nokia Siemens Networks 3 642 39
Nokia Group 9 275 100

Personnel by reportable segment June 30, 2011

Devices & Services 57 722
Nokia Siemens Networks 74 887
NAVTEQ 5 710
Group Common Functions 315
Nokia Group 138 634


Some comments say the decline in Nokia market value is all Elop. When did Elop start work at Nokia?



Devices 88M devices sold this year vs 111M last year.


And the kicker. Of course not making the smartphone target at all. iPhone sold more than Nokia. How? With such compelling and competitive devices like the Nokia C7 and C6-01 and of course E7 that totally rivals iPhone ans SGSII etc etc.

Elop’s rather premature announcement of WP partnership, scolding of Symbian as uncompetitive perhaps should not have been done in public.

More bad news to continue. But as expected during this transition.

“During this time of transition, we expect competitive pressures to continue. However, we have a clear strategy to address the concerns about our product competitiveness.”


Category: Nokia

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