Nokia’s first quarter 2007 net sales increased 4% to EUR 9.9 billion, compared with EUR 9.5 billion in the first quarter 2006, while operating profit decreased 7% to EUR 1 272 million (including the negative impact of EUR 69 million in special items), compared with EUR 1 367 million in the first quarter 2006 (including the negative impact of EUR 22 million in special items).
Some highlights for the quarter:
- Estimated industry device volumes of 253 million units, down 13% sequentially and up 18% year on year.
- Nokia device volumes were 91.1 million units, down 14% sequentially and up 21% year on year.
- Nokia estimated device market share was 36%, at the same level as Q4 2006 and up from 35% in Q1 2006.
- Nokia device average selling price (ASP) was EUR 89, at the same level as Q4 2006.
- Nokia gross margin was 33.1%, up sequentially from 32.4% in Q4 2006.
- Nokia operating margin was 13.6%, up sequentially from 13.3% in Q4 2006, excluding special items.
- Nokia diluted EPS of EUR 0.26 excluding special items.
- Nokia operating cash flow was EUR 1.6 billion.
- Multimedia and Enterprise Solutions net sales were strong, up sequentially from Q4 2006.
- Key products started shipping: Nokia 6300, Nokia N95 and Nokia E65.
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