Nokia Siemens Networks reported its best quarter ever in Q4 2012 with an operating profit margin of 14.4% and rebounding sales in North America and Asia Pacific.
In its quarterly financial statement, Nokia confirmed the turn around performance at Nokia Siemens Networks as the company achieved higher sales of both infrastructure equipment and services, partially offset by a decline in sales of business areas not consistent with Nokia Siemens Networks’ strategic focus.
Regionally, higher net sales in Asia Pacific were driven by Japan, which saw strong growth in sales of both infrastructure equipment and services, as well as in North America which also saw strong growth in sales of both infrastructure equipment and services. However, there were lower sales in Europe, most notably in Western Europe due to declines in sales of both infrastructure equipment and services.
The company also noted that Nokia Siemens Networks is aiming to reduce its non-IFRS annualized operating expenses and production overheads by more than EUR 1 billion by the end of 2013, compared to the end of 2011. The operating improvement is more than the previous target of EUR 1 billion.
One other note: at the end of Q4, Nokia Siemens Networks had approximately 58,400 employees, a reduction of approximately 15,300 compared to fourth quarter 2011, and approximately 2,200 compared to third quarter 2012.
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