Nokia second quarter report

21 Jul 2005 | Financial , Nokia | 0 comments


Nokia today released its second quarter of 2005 report. Nokia's net sales increased by 25% to EUR 8.1 billion ($9.8 billion) compared to last year's EUR 6.5 billion ($7.8 billion). Nokia's second quarter operating profit grew 13% year on year to EUR 1.0 billion ($1.2 billion), compared with EUR 0.9 billion ($1.1 billion) in the second quarter 2004, with an operating margin of 12.5% (13.7%).

In the second quarter, Nokia shipped 60.8 million handsets, 34% more than in the same period of 2004 and 13% more than in the first quarter of 2005.

"I am delighted that we gained or held our mobile device market share in all regions. Our 33% market share in the second quarter was a result of strong sequential gains in Latin America, China and North America, while keeping our market share in both Asia-Pacific and Europe/Middle East/Africa. In 3G devices, we also gained market share, which was in line with our expectations," said Jorma Ollila, Chairman and CEO.

Nokia estimates that 760 million units will be shipped in this year. The company will report Q3 results on October 20, 2005.

More information can be found on Nokia's website.