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Maikelmike's  Instablog

Maikelmike
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Graduate of Stockholm University, Masters degree in Finance, Second degree bachelor in Economics, Focusing primary on writing analysts on Telecom companies but may also on occasions provide articles on the stock market as a whole.
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  • Historical Quarterly Operating Profit - Nokia

    (click to enlarge)

    Disclosure: I am long NOK.

    Feb 05 11:51 AM | Link | Comment!
  • Nokia - Why They Did Not Pay Any Dividend

    An explanation of Nokias decision to not pay any dividend to its shareholders is found at the corporate website. Nokia group reported a negative net profit of 3.1 billion EUR for the whole year of 2012, while at the same time its net cash position decreased from 5.6 billion EUR at the end of 2011 to 4.4 billion EUR at the end of 2012. In addition, its results for the fiscal year 2012 were negative.

    Considering these results and to ensure strategic flexibility the board proposed that no dividend payment will be made for 2012.

    Looking at past fiscal years, we see that Nokias net cash position declined with 20% from its net cash position of 6.99 billion EUR at the end of 2010 to 5.6 billion EUR at the end of 2011.

    Disclosure: I am long NOK.

    Feb 04 8:24 AM | Link | Comment!
  • Nokia - Biggest Markets

    All data is taken from Annual Reports

    All data is in EUR Million

    China overtook US in 2005 to become Nokia´s biggest market in terms of Net Sales. China is therefore considered naturally to be an important market for Nokia, Q1 sales in China will be very interesting from this perspective. YoY sales in China has declined dramatically in China mostly due to declining smartphone sales. Q1 saw Nokia releasing their new Lumia 920 and 820 on the Chinese market. Encouraging news regarding sell outs has circulated on the web, however this can be due to supply issues.

    Top 10 major markets (Net Sales) 2003

    USA 4475

    UK 2693

    GERMANY 2297

    CHINA 2013

    UAE 1886

    INDIA 1062

    ITALY 1003

    FRANCE 1003

    FRANCE 867

    BRAZIL 805

    SPAIN 748

    2004

    USA 3416

    CHINA 2660

    UK 2261

    GERMANY 1730

    INDIA 1364

    BRAZIL 1091

    RUSSIA 938

    UAE 909

    ITALY 884

    SPAIN 768

    2005

    CHINA 3403

    USA 2743

    UK 2405

    INDIA 2022

    GERMANY 1982

    RUSSIA 1410

    ITALY 1160

    SPAIN 923

    SAUDI ARABIA 897

    FRANCE 870

    2006

    CHINA 4913

    USA 2815

    INDIA 2713

    UK 2425

    GERMANY 2060

    RUSSIA 1518

    ITALY 1394

    SPAIN 1139

    INDONESIA 1069

    BRAZIL 1044

    2007

    CHINA 5898

    INDIA 3684

    GERMANY 2641

    UK 2574

    USA 2124

    RUSSIA 2012

    SPAIN 1830

    ITALY 1792

    INDONESIA 1754

    BRAZIL 1257

    2008

    CHINA 5916

    INDIA 3719

    UK 2382

    GERMANY 2294

    RUSSIA 2083

    INDONESIA 2046

    USA 1907

    BRAZIL 1902

    ITALY 1774

    SPAIN 1497

    2009

    CHINA 5990

    INDIA 2809

    UK 1916

    GERMANY 1733

    USA 1731

    RUSSIA 1528

    INDONESIA 1458

    SPAIN 1408

    BRAZIL 1333

    ITALY 1252

    2010

    CHINA 7149

    INDIA 2952

    GERMANY 2019

    RUSSIA 1744

    USA 1630

    BRAZIL 1506

    UK 1470

    SPAIN 1313

    ITALY 1266

    INDONESIA 1157

    2011

    CHINA 6130

    INDIA 2923

    BRAZIL 1901

    RUSSIA 1843

    GERMANY 1606

    JAPAN 1539

    USA 1405

    UK 996

    ITALY 982

    SPAIN 907

    Disclosure: I am long NOK.

    Feb 03 8:48 AM | Link | 3 Comments
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