THIS IS A TEST FOR PR NEWSWIRE: Nokia achieves excellent profitability and continued high cash flow in 4Q and 2002


 
NOKIA 4Q and 2002 - PRO FORMA
 (excludes goodwill amortization and non-recurring items)
EUR million
4Q/2002 
4Q/2001 
Change (%)
 2002    
 2001    
Change (%)
Net sales
8 843
8 788
1
30 016
31 191
-4
  Nokia Mobile Phones
6 742
6 710
 
23 211
23 158
 
  Nokia Networks
2 084
1 957
6
6 539
7 534
-13
  Nokia Ventures Organization
107
142
-25
459
585
-22
Operating profit
1 655
1 589
4
5 420
5 237
3
  Nokia Mobile Phones
1 665
1 479
12
5 293
4 648
14
  Nokia Networks
19
254
-93
416
1 073
-61
  Nokia Ventures Organization
59
-61
 
-59
-327
 
  Common Group Expenses
-88
-83
 
-230
-157
 
Operating margin (%)
18.7
18.1
 
18.1
16.8
 
  Nokia Mobile Phones (%)
24.7
22.0
 
22.8
20.1
 
  Nokia Networks (%)
0.9
13.0
 
6.4
14.2
 
  Nokia Ventures Organization (%)
55.1
-43.0
 
-12.9
-55.9
 
Financial income and expenses
52
45
16
156
125
25
Profit before tax and minority interests
1 707
1 631
5
5 557
5 350
4
Net profit
1 247
1 153
8
3 948
3 789
4
EPS, EUR
 
 
 
 
 
 
  Basic
0.26
0.24
8
0.83
0.81
2
  Diluted
0.26
0.24
8
0.82
0.79
4
 
 
 
 
 
 
 
NB: All pro forma 4Q and 2002 figures can be found in the tables on pages 7-9 and 14-18. A reconciliation of the pro forma figures to our reported results can be found in the tables on page 9.