Nokia announces Q1 2006 results

20 Apr 2006 | Financial , Nokia | 0 comments


Nokia today announced its earnings for the first quarter of 2006. Nokia's first quarter 2006 net sales increased 29% to EUR 9.5 billion, compared with EUR 7.4 billion in the first quarter 2005. At constant currency, group net sales would have increased 23%. Nokia's operating profit grew 22% to EUR 1.4 billion, compared with EUR 1.1 billion in the first quarter 2005. Operating margin was 14.4% (15.1%). Operating cash flow for the first quarter 2006 was EUR 1.0 billion, compared with EUR 1.3 billion for the same period last year.

First quarter 2006 net sales grew 30% to EUR 5.9 billion, compared with EUR 4.5 billion in the first quarter 2005, driven by strong industry volumes and our competitive product portfolio. Net sales increased in all regions year on year. Growth was strongest in North America, where our net sales more than doubled.

  • Industry quarterly device volumes of 215 million units, down 12% sequentially and up 27% year on year
  • Nokia quarterly device volumes of 75.1 million units, down 10% sequentially and up 40% year on year
  • Nokia first quarter device market share of 35%, up 1 percentage point sequentially and up 3 percentage points year on year
  • Nokia's net sales in the United States almost doubled year on year.
  • Device ASPs of EUR 103, up sequentially from EUR 99 in the fourth quarter 2005.