Nokia Corporation
Stock Exchange Release
April 18, 2019 at 9:00 (CET 1)
Nokia provides recast comparative segment results and additional financial disclosures for 2018 reflecting the new financial reporting structure
Espoo, Finland - Nokia today provided recast comparative segment financial information and additional financial disclosures on a quarterly and annual basis for 2018, reflecting the previously announced organizational changes to accelerate its strategy execution.
Nokia will publish its first-quarter 2019 interim report on April 25, 2019 at approximately 8 a.m. Finnish time (CET 1) in accordance with its new reporting structure. Analyst and media call details are provided below.
Changes in reporting structure, effective from January 1, 2019
Nokia announced organizational changes to accelerate its strategy execution on October 25, November 22 and December 31, 2018. Accordingly, Nokia has revised its financial reporting structure to better reflect its strategy, organizational structure and the way it evaluates operational performance and allocates resources.
As of January 1, 2019, Nokia has three reportable segments: (i) Networks, (ii) Nokia Software and (iii) Nokia Technologies. In addition, Nokia also discloses segment-level data for Group Common and Other.
Within the new Networks reportable segment, Nokia is providing net sales disclosure for the following businesses: (i) Mobile Access, (ii) Fixed Access, (iii) IP Routing and (iv) Optical Networks.
Certain reclassifications have been made in order to reflect the new organizational structure of the company, the most significant of which are: (i) activities related to our cloud core offering have been reclassified from the former Mobile Networks business group and former Global Services reportable segment to the new Nokia Software reportable segment and (ii) activities related to the former Mobile Networks business group and former Global Services reportable segment that are not reclassified to the new Nokia Software reportable segment are now reported together under the new Mobile Access business.
Nokia is also providing separate net sales disclosure for its different customer types: (i) Communication Service Providers, (ii) Enterprises and (iii) Licensees.
Additionally, Nokia is providing adjusted financial disclosure for its Networks and Nokia Software reportable segments, with amounts related to licensing and Nokia Bell Labs allocated 85% to Networks and 15% to Nokia Software, in accordance with their approximate value contribution.
Recast comparative segment financial information for 2018
To provide a basis for comparison, the following tables present a recasting of Nokias segment financial information on an unaudited basis for all four quarters of 2018 separately, as well as for the full year 2018.
The tables are also available in Excel format at http://nokia.com/financials.
Q1-
Q418
(unau-
dited) Networks1 Nokia Soft-
ware Nokia Techn-
ologies Gro-
up Common and Other Eli-
mi-
nations Non-IF-
RS total Non-IF-
RS exc-
lusions2 Nokia
To-
tal
EUR
million
Net
sales 17
404 2
713 1
501 1
024 (63) 22 580 (17) 22 563
Cost
of
sales (11
369) (1 346) (22) (870) 63 (13 545) (572) (14 117)
Gross
profit 6
035 1
367 1
479 154 0 9 035 (5
90) 8
446
% of
net
sales 34.7
% 50.4
% 98.5
% 15.0
% 40.0% 37.4%
Research
and
deve-
lopment
expenses (3
091) (486) (145) (293) 0 (4 014) (606) (4 620)
Sell-
ing,
gene-
ral
and
admini-
strative
expe-
nses (2
140) (429) (127) (201) 0 (2 896) (567) (3 463)
Other
income
and
expenses (31) (3) (5) 93 0 55 (477) (422)
Ope-
rating
profit/
(loss) 773 450 1 203 (246) 0 2 180 (2 239) (59)
%
of
net
sales 4.4
% 16.6
% 80.1
% (24.0)% 9.7
% (0.3)%
Depre-
ciation
and
amor-
tization (384) (65) (21) (46) 0 (515) (940) (1 455)
Share of
results
of
asso-
ciated
compa-
nies
and
joint
ventures 12 0 0 0 0 12 0 12
EBI-
TDA 1
169 515 1
224 (200) 0 2 708 (1 300) 1
408
1 Mobile Access net sales of EUR 11 273 million, Fixed Access net sales of EUR 1 980 million, IP Routing net sales of EUR 2 545 million and Optical Networks net sales of EUR 1 606 million.
2 Non-IFRS results exclude costs related to the Alcatel-Lucent transaction and related integration, goodwill impairment charges, intangible asset amortization and purchase price related items, restructuring and associated charges, and certain other items that may not be indicative of Nokias underlying business performance.
Q118
(unau-
dited) Networks1 Nokia Soft-ware Nokia Techn-ologies Gro-
up Common and Other Eli-
mi-
nations Non-IF-
RS total Non-
IF-
RS exc-
lusions2 Nokia To-
tal
EUR
million
Net
sales 3
783 541 365 252 (12) 4
929 (5) 4
924
Cost
of
sales (2
466) (308) (10) (216) 12 (2 988) (131) (3 119)
Gross
profit 1
317 233 355 36 0 1 941 (135) 1
805
% of
net
sales 34.8% 43.1% 97.3% 14.3% 39.4% 36.7%
Research
and
deve-
lopment
expenses (766) (128) (43) (74) 0 (1 011) (156) (1 167)
Sell-
ing,
gene-
ral
and
Admi-
nistrative
expe-
nses (532) (111) (39) (52) 0 (732) (116) (847)
Other
income
and
expenses 27 8 0 7 0 41 (168) (127)
Ope-
rating
profit/
(loss) 46 1 274 (83) 0 239 (575) (336)
%
of
net
sales 1.2
% 0.2
% 75.1
% (32.9)% 4.8% (6.8)%
Depre-
ciation
and
amor-
tization (96) (17) (5) (12) 0 (130) (242) (372)
Share of
results
of
ass-
ociated
compa-
nies
and
joint
ventures (4) 0 1 0 0 (4) 0 (4)
EBI-
TDA 137 19 279 (71) 0 365 (333) 32
1 Mobile Access net sales of EUR 2 426 million, Fixed Access net sales of EUR 445 million, IP Routing net sales of EUR 550 million and Optical Networks net sales of EUR 363 million.
2 Non-IFRS results exclude costs related to the Alcatel-Lucent transaction a
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
10/06/2026
Accedo, Humans not Robots, and the Institution of Engineering and Technology (IET) have announced the launch of Ecoflow X. Formerly an IBC Accelerator project, ...
10/06/2026
Frequency, the engine powering the world's leading streaming television channels, today announced that James Smith has joined the company as General Manager...
10/06/2026
At the 14th World Live Neurovascular Conference (WLNC) in Lisbon, Riedel Communications provided the communications infrastructure for live medical procedures s...
10/06/2026
Globecast, a leading provider of broadcast, media, and entertainment managed services, today announced the launch of its Content Exchange platform powered by Or...
10/06/2026
Klvr will showcase how venues, integrators and production teams are rethinking disposable battery usage at InfoComm 2026 (Las Vegas, June 17-19, booth #N6311). ...
10/06/2026
The Video Services Forum (VSF) has further enhanced the Reliable Internet Streaming Transport (RIST) protocol by incorporating a new feature, RIST Satellite-Hyb...
10/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
10/06/2026
Chemists snap together complex 3D molecules from highly reactive radicals-without losing their shape Scripps Research team develops stereoretentive radical-radi...
09/06/2026
Kiswe announces an expanded long-term partnership with ONE Championship (ONE), t...
09/06/2026
SiriusXM will broadcast FOX Sports' English-language commentary for all 104 FIFA World Cup 2026 matches from June 11 through July 19, available to subscribe...
09/06/2026
EVS has announced it is changing its corporate name from EVS Broadcast Equipment to EVS, reflecting the company's expanded portfolio beyond broadcast equipm...
09/06/2026
Fox Corporation and the NFL have announced a multi-year agreement to bring NFL c...
09/06/2026
FOX Sports and ReachTV, an airport media network, have announced an agreement to...
09/06/2026
Cosm Atlanta, a 70,000-square-foot, three-level immersive entertainment venue located within Centennial Yards adjacent to State Farm Arena and Mercedes-Benz Sta...
09/06/2026
NESN captured five awards at the 2026 Boston/New England Emmy Awards, including four program honors and one individual award.
These awards reflect the passion...
09/06/2026
Ateme has announced that its support for Apple Immersive Video workflows was referenced by Apple during its 2026 Worldwide Developers Conference (WWDC26).
Atem...
09/06/2026
Bitmovin has announced that Axel Springer SE has deployed Player Web X, Bitmovin's web video player, to power audio readouts of news articles and an audio-o...
09/06/2026
Grass Valley and Lawo have announced a technology collaboration to validate orch...
09/06/2026
LiveU has announced a deployment with the Oceania Football Confederation (OFC) t...
09/06/2026
Globecast has announced the launch of its Content Exchange platform, powered by ...
09/06/2026
NBC Sports will present live coverage of Overtime's OT7 football league Championship Weekend from Sullivan Field at Loyola Marymount University in Los Angel...
09/06/2026
We're in three different locations, three different production teams. Coveri...
09/06/2026
The intro video for Men's Basketball won Outstanding In-Venue Video in the C...
09/06/2026
Today is match day minus two for FIFA and HBS. On Thursday, there will be two ma...
09/06/2026
Since their debut, the clock-and-score graphic has drawn the affinity and ire of...
09/06/2026
Last month, Spotify hosted PURE FLOWERS LIVE, a special event celebrating the re...
09/06/2026
Last month, RADAR U.K. artist Skye Newman took the stage in East London for a sp...
09/06/2026
Company to cease operating on 30 June 2026
Australian loudspeaker and amplifier manufacturer Wayne Jones Audio have announced that after much consideration,...
09/06/2026
Increases low-end weight and character
The latest plug-in release from Sheffield-based fedDSP aims to offer an all-in-one solution for users in search of mo...
09/06/2026
Introduces AI Studio Assistant, Moises Studio integration & more
Fender Studio have just announced the launch a significant update that brings an array of n...
09/06/2026
The National Film and Video Foundation (NFVF) is a statutory body mandated to spearhead the equitable growth and development of the South African film and video...
09/06/2026
The BBC has found its Hercule Poirot.
After Deadline revealed last month that t...
09/06/2026
Media buyers and sellers can now compare YouTube reach from computer, mobile, an...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
A project aimed at modernizing scheduling operations across Mediaset's channel portfolio
Mediagenix, a global leader in smart content solutions to profitab...
09/06/2026
tvONE, an ACT Entertainment brand, debuts its most powerful video processor ever built: the 4RU CALICO PRO (C7-PRO-4200), at InfoComm 2026 (Booth N6813). Engine...
09/06/2026
Composer and Conductor Eric Whitacre to Receive Honorary Doctorate at Berklee Va...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Technology collaboration to validate AMPP and Lawo HOME orchestration integration, showcasing Dynamic Media Facility principles in practice.
Grass Valley and ...
09/06/2026
Bitmovin, a leading provider of video streaming solutions, today announced that Axel Springer SE, international media and technology company, has deployed Playe...
09/06/2026
LiveU, the global leader in live IP-video solutions, today announced a landmark deployment with the Oceania Football Confederation (OFC) that has brought Video ...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
Nokia Corporation
