Nokia in Q2 2008
July 17, 2008

Market share gains and strong profitability drive EPS growth (excluding special items). Read more

• Net sales of EUR 13.2 billion, up 4% year on year
• Operating margin of 14.7%, up from 11.1% in Q2 2007, excluding special items
• Diluted EPS of EUR 0.36, up 13% year on year, excluding special items

Net sales by business group Q2 2008

Personnel by business group Q2 2008

Industry and Nokia outlook (July 17, 2008)

• Nokia expects industry mobile device volumes in the third quarter 2008 to be up sequentially.
• Nokia expects its mobile device market share in the third quarter 2008 to be approximately at the same level sequentially.
• Nokia now expects industry mobile device volumes in 2008 to grow 10% or more from the approximately 1.14 billion units Nokia estimated for 2007. This is an update to Nokia’s earlier estimation that industry mobile device volumes would grow approximately 10% in 2008.
• Nokia continues to target an increase in its market share in mobile devices in 2008.
• Nokia and Nokia Siemens Networks continue to target for Nokia Siemens Networks market share to remain constant in 2008, compared to 2007.
• Nokia and Nokia Siemens Networks continue to expect the mobile infrastructure and fixed infrastructure and related services market to be flat in Euro terms in 2008, compared to 2007.
• Nokia and Nokia Siemens Networks continued cost synergy target for Nokia Siemens Networks is to achieve substantially all of the EUR 2.0 billion of targeted annual cost synergies by the end of 2008, as previously announced.