Nokia Corporation NOK 2009 Q1 results

Nokia Corporation NOK is due to present a 80-81% decline in profit for Q1 2009.
Will keep you posted. Read below.

Data as of 04-15-09
Last Close $13.36
52-Week Range $8.47 - $33.83
5 Year Range $8.47 - $42.22
1 Month Range $11.01 - $14.13
% Below 52-Week High 60.51
% Below 5 Year High 68.36

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Update 04-16-09

The results came up and here they are:

FIRST QUARTER 2009 HIGHLIGHTS
- Nokia net sales of EUR 9.3 billion, down 27% year on year and sequentially (down 24% and down 25% at constant currency).
- Devices & Services net sales of EUR 6.2 billion, down 33% year on year and down 24% sequentially (down 31% and down 23% at constant currency).
- Services net sales of EUR 150 million (billings of EUR 166 million), up 79% year on year and down 5% sequentially.
- Estimated industry mobile device volumes of 255 million units, down 14% year on year and down 16% sequentially.
- Nokia mobile device volumes of 93.2 million units, down 19% year on year and down 18% sequentially.
- Nokia 5800 XpressMusic volumes of 2.6 million units, with cumulative shipments of more than 3 million units since the smartphone's launch in late November 2008.
- Nokia estimated mobile device market share of 37% in Q1 2009, down from 39% in Q1 2008 and unchanged from Q4 2008.
- Nokia mobile device ASP of EUR 65, down from EUR 71 in Q4 2008.
- Devices & Services gross margin of 33.8%, unchanged from Q4 2008.
- NAVTEQ net sales of EUR 132 million, down 36% sequentially from EUR 205 million, and non-IFRS operating margin of 3.7% (25.7% in Q4 2008)
- Nokia Siemens Networks net sales of EUR 3.0 billion, down 12% year on year and down 31% sequentially (down 9% and down 30% at constant currency).
- Nokia operating cash flow of EUR 276 million.
- Total cash and other liquid assets of EUR 8.1 billion at the end of Q1 2009.

The complete press release with tables is available at: http://www.nokia.com/results/Nokia_results2009Q1e.pdf

The stock today:
Nokia Corporation NOK (NYSE)
Last trade 14.88
Change +1.52
% Change +11.38%
Volume 45,950,465
Day High 14.94
Day Low 14.37


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