doraemon2
Nuovo forumer
Nokia today provided a scheduled mid-quarter update to the company's
business outlook for the second quarter 2003.
Based on developments in the first two months of the second quarter,
pro forma EPS (diluted) for the Nokia group is expected to be within
the previously guided range of EUR 0.13 and EUR 0.16. This largely
reflects continued strong mobile phone operating margins and includes
a previously stated restructuring charge of EUR 350 to 400 million in
the company's network infrastructure business. Nokia's reported EPS
(diluted) is expected to be between EUR 0.12 and EUR 0.15.
In mobile phones, second-quarter sales growth is expected to be
positive but at the low end or below the guided range of 4% to 12%
year on year, with sales growth slightly less for the Nokia Group.
Sales reflect continued general economic weakness in Europe and the
US, the impact of currency fluctuations, and the effect of SARS on
consumer behaviour, especially in China. At Nokia Mobile Phones,
strong profitability is expected to continue. Nokia's market share
for the second quarter is estimated to be higher than the first
quarter, 2003.
Second-quarter sales at Nokia Networks are estimated to decrease by 0
to 5% year on year, as operators in all major regions continue to
decrease their investments. Pro forma operating profit for Nokia
Networks, if the restructuring charge were excluded, is estimated to
be close to breakeven in the second quarter.
business outlook for the second quarter 2003.
Based on developments in the first two months of the second quarter,
pro forma EPS (diluted) for the Nokia group is expected to be within
the previously guided range of EUR 0.13 and EUR 0.16. This largely
reflects continued strong mobile phone operating margins and includes
a previously stated restructuring charge of EUR 350 to 400 million in
the company's network infrastructure business. Nokia's reported EPS
(diluted) is expected to be between EUR 0.12 and EUR 0.15.
In mobile phones, second-quarter sales growth is expected to be
positive but at the low end or below the guided range of 4% to 12%
year on year, with sales growth slightly less for the Nokia Group.
Sales reflect continued general economic weakness in Europe and the
US, the impact of currency fluctuations, and the effect of SARS on
consumer behaviour, especially in China. At Nokia Mobile Phones,
strong profitability is expected to continue. Nokia's market share
for the second quarter is estimated to be higher than the first
quarter, 2003.
Second-quarter sales at Nokia Networks are estimated to decrease by 0
to 5% year on year, as operators in all major regions continue to
decrease their investments. Pro forma operating profit for Nokia
Networks, if the restructuring charge were excluded, is estimated to
be close to breakeven in the second quarter.
