Nokia Q3 2012 results: Returns to Non-IFRS profit.Full-touch Ashas sell 6.5 million.Net cash reserve of EUR 3.6 Billion.

Q3 2012 results for Nokia are out and there are some really good and some not so good news to share. But, overall Nokia returns to a non-IFRS profitability for the first time after many quarters. The loss of EUR 576 million is due to the ongoing restructuring and other charges, but still it will be counted as a positive sign, because Nokia has been able to limit the loss and as well as report a non-IFRS profit of EUR 78 million.

 Check the major highlights of the Q3 result below,

  • Nokia Group achieves non-IFRS operating profitability with Q3 operating margin of 1.1% with a value of EUR 78 million.
  • Mobile Phones Q3 volumes increased quarter-on-quarter to 77 million units; strong sales start for new Asha full touch smartphones, with volumes of 6.5 million units.
  • Lumia Q3 volumes decreased quarter-on-quarter to 2.9 million units.This was expected considering people holding off due to introduction of new Lumia range .
  • Symbian+Meego devices sold around 3.4 million units with increase in ASP of Symbian devices. This indicates good sales of 808 PureView in the quarter.
  • Nokia Siemens Networks returns to non-IFRS profit strongly. Its operating margin significantly improved quarter-on-quarter and year-on-year to 9.2% in Q3; Nokia Siemens Networks net sales increased quarter-on-quarter and year-on-year to EUR 3.5 billion.
  • Nokia Group ended Q3 with gross cash of EUR 8.8 billion and net cash of EUR 3.6 billion.

Check the below table and the full PDF report from here, if you want to read in more detail.

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About Kamal

Blogging is my major hobby. Huge Nokia fan and have been using mostly Nokia phones since my first one. Hope you have a great reading time on this blog!! Be in touch @nokiapoweruser on Twitter.

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