25 January 2008

Nokia Q4 2007 Results
Claims 40 Percent Market Share

Under that impression of the growing displeasure in Germany because of the closing its factory located in Bochum Nokia came out with their results Q4 2007 results and by its own estimates Nokia achieved 40% global handset market share in the fourth quarter and simply smashing competition with this impressive report.

Q4 2007 estimated device market share reached 40%, with significantly increased margins and quarterly operating cash flow of EUR 2.7 billion Nokia Board of Directors will propose a dividend of EUR 0.53 per share for 2007 (EUR 0.43 per share for 2006).

Nokia Q4 2007 net sales of EUR 15.7 billion, EPS of EUR 0.47, Nokia 2007 net sales of EUR 51.1 billion, EPS of EUR 1.83 (EUR 1.44 excluding special items).

OLLI-PEKKA KALLASVUO, NOKIA CEO:

"Nokia's excellent fourth quarter contributed to a year of high growth and increased profitability for the company, while our industry leading product portfolio drove our device business to an estimated 40% market share in the fourth quarter. At the same time we again increased our quarterly device margins, allowing Nokia to continue to invest for innovation and growth.

It was a year of important strategic initiatives by Nokia, with Nokia Siemens Networks starting operations, our internet services effort taking shape around Ovi, and the announcement of the pending acquisition of NAVTEQ. Facing a market that remains intensely competitive, we are continuing to improve our leading device portfolio as well as execution at Nokia Siemens Networks. With this we believe Nokia is well positioned for growth in 2008."

More details and full press release
right here in pdf format.