Camera Phone Reviews

Nokia has reported a profit decrease of 20% in the third quarter of 2004. The following is a summary of their press release announcing their latest performance.

Highlights third quarter 2004
(all comparisons in parentheses are to third quarter 2003 results regrouped according to 2004 organization):
- Net sales increased 1% to EUR 6 939 million (EUR 6 874 million in Q3 2003), up 8% at constant currency
- Operating profit decreased 20% to EUR 928 million (EUR 1 154 million), with operating margin of 13.4% (16.8%)
- EPS (diluted) was EUR 0.14 (EUR 0.17) on net profits of EUR 660 million
- Mobile Phones net sales of EUR 4 429 million (EUR 5 118 million) were 13% lower than in 2003, with EUR 822 million operating profit (EUR 1 473 million) and operating margin of 18.6% (28.8%)
- Multimedia net sales increased 94% to EUR 914 million (EUR 471 million)
- Networks net sales grew 21% to EUR 1 470 million (EUR 1 217 million), with EUR 181 million operating profit (EUR 4 million) and an operating margin of 12.3% (0.3%)
- Enterprise Solutions net sales increased 52% to EUR 172 million (EUR 113 million)
- Operating cash flow for the quarter was EUR 1.2 billion (EUR 1.2 billion) and overall cash position was EUR 11.8 billion (EUR 10.8 billion) at the end of the quarter