Breaking: Nokia Announces Q2 2012 Results With Net Sales Of €7.5 Billion, Operating Loss Of €814 Million

Posted on Jul 19 2012 - 10:07am by Editorial Staff

Nokia just announced its second quarter results with gross cash of EUR 9.4 billion and net cash of EUR 4.2 billion. Net cash lower quarter-on-quarter, after EUR 742 million annual dividend payment to shareholders while Nokia Q2 net cash from operating activities of positive EUR 102 million, including receipt of EUR 400 million pre-payments from existing IPR licenses. Nokia non-IFRS EPS in Q2 2012 of EUR -0.08, level with Q1 2012; reported EPS EUR -0.38

Nokia net sales in Q2 2012 were EUR 7.5 billion, up from EUR 7.4 billion in Q1 2012. The Devices & Services Q2 net sales decreased 5% quarter-on-quarter. The Lumia Q2 volumes increased quarter-on-quarter to 4 million units and mobile phones Q2 volumes increased quarter-on-quarter and year-on-year to 73 million units.

Nokia surges 9% after earnings report.

 

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