Nokia is a Finnish multinational telecommunications company and the world's largest manufacturer of mobile devices. In Q4 2008, Nokia's net sales were €12.6 billion, down 19.4% from Q4 2007. Operating profit was €492 million, down 80.3% from Q4 2007. The global mobile device market declined overall in 2008 due to lower consumer spending and exchange rates. Despite challenges, Nokia maintained a high share of the global device market and remains the world's number one manufacturer of mobile devices.

1. 2008

2. Quarterly Earnings
Nokia is a Finnish multinational
communications corporation.
Focus: wireless and wired
telecommunications
CEO: Olli-Pekka Kallasvuo
World’s n°1 manufacturer of mobile
devices
NOKIA

3. Quarterly Earnings
Share: 39% of global device market
Sales in more than 150 countries
Employees: 128,445
NOKIA

4. Quarterly Earnings
4Q 2008 Industry Device Volumes by Region (millions)
North Latin Middle Europe Greater Asia -
America America East & China Pacific
Africa
NOKIA

5. Quarterly Earnings
Quarter Year
Industry Volume by
4Q2008 3Q2008 over 4Q2007 over
Region (millions)
Quarter Year
North America 47 46 2% 50 -6%
Latin America 38 34 12% 42 -10%
Middle East & Africa 37 39 -5% 36 3%
Europe 79 71 11% 89 -11%
Greater China 39 49 -20% 48 -19%
Asia – Pacific 65 72 -10% 72 -10%
Total 305 310 -2% 336 -9%
Reasons:
• Lower consumer spending
• Exchange rates
NOKIA

6. Quarterly Earnings
Quarter Year
EUR (million) 4Q2008 3Q2008 over 4Q2007 over
Quarter Year
Net sales 12,662 12,237 3.5% 15,717 -19.4%
Net sales
16000
15000
14000
13000
12000
11000
10000
9000
1Q2007 2Q2007 3Q2007 4Q2007 1Q2008 2Q2008 3Q2008 4Q2008
NOKIA

7. Quarterly Earnings
Quarter Year
EUR (million) 4Q2008 3Q2008 over 4Q2007 over
Quarter Year
Operating profit 492 1,469 -66.5% 2,492 -80.3%
Operation Profit
3000
2500
2000
1500
1000
500
0
1Q2007 2Q2007 3Q2007 4Q2007 1Q2008 2Q2008 3Q2008 4Q2008
NOKIA

8. Quarterly Earnings
Quarter
Year over
EUR (millions) 4Q2008 3Q2008 over 4Q2007
Year
Quarter
Accounts
65 72 -10% 72 -10%
Receivable
80 4Q2007 3Q2008 4Q2008
75
70
65
60
55
50
Accounts Receivable
NOKIA

9. Quarterly Earnings
Quarter
Year over
EUR (millions) 4Q2008 3Q2008 over 4Q2007
Year
Quarter
Cash and Other
6,820 7,232 -6% 11,753 -45%
liquid assets
15000
4Q2007 3Q2008 4Q2008
13500
12000
10500
9000
7500
6000
4500
3000
1500
0
Cash and Other liquid assets
NOKIA

10. Quarterly Earnings
EUR per share 2008 2007 2006 2005 2004
Dividend 0.40 0.53 0.43 0.37 0.33
Dividend
0.6
0.5
0.4
0.3
0.2
0.1
0
2004 2005 2006 2007 2008
NOKIA

11. Quarterly Earnings
Trend
Exchange rate
NOKIA

12. Quarterly Earnings
• Cash flow in 4th Quarter was EUR
1.4 billion
• Nokia is taking action to further
reduce costs
• Growth of debt in 2008: 13.87%
NOKIA

13. Quarterly Earnings
• Net sales
• The operation profit:
• The dividend and the exchange rate
But:
• A high share on the global device market
• World’s n°1 manufacturer of mobile device.
NOKIA

14. Quarterly Earnings
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