SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a -16 or 15d -16 of
the Securities Exchange Act of 1934
Report on Form 6-K dated January 22, 2014
(Commission File No. 1-13202)
Nokia Corporation
Nokia House
Keilalahdentie 4
02150 Espoo
Finland
(Name and address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F: x |
| Form 40-F: o |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes: o |
| No: x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes: o |
| No: x |
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes: o |
| No: x |
Enclosures:
Nokia stock exchange release dated January 22, 2014: Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure
STOCK | |
| January 22, 2014 |
Nokia provides historical results information for its continuing operations reflecting the new financial reporting structure
Nokia Corporation
Stock Exchange Release
January 22, 2014 at 12.40 (CET +1)
Espoo, Finland — As announced on January 16, 2014, Nokia will publish its fourth quarter 2013 and full year 2013 results report on Thursday January 23, 2014 at approximately 1pm Finnish time in a new reporting format.
After receiving shareholder approval of the pending sale of substantially all of its Devices & Services business at our Extraordinary General Meeting in November last year, Nokia is reporting substantially all of its Devices & Services business as discontinued operations in its fourth quarter 2013 and full year 2013 results report.
Nokia’s continuing operations consist of three businesses: Nokia Solutions and Networks (NSN), HERE and Advanced Technologies. Nokia will report financial information for a total of four reportable segments - Mobile Broadband and Global Services within NSN, HERE, and Advanced Technologies - and, additionally, separate information for the discontinued operations.
Nokia provides below, for comparability purposes, certain historical results (on an unaudited basis) for its continuing operations reflecting the new reporting structure on a reported and non-IFRS* basis. Quarterly information is provided for the fourth quarter 2012 through the third quarter 2013, while annual information is provided for the full year 2012.
It should be noted that this information for past periods is provided for historical comparative purposes. As is customary, certain judgments have been made when regrouping historical results information and allocating items in the regrouped
results. It should also be noted that the information provided herein is historical and therefore does not indicate future performance.
NOKIA CONTINUING OPERATIONS Q4 2012, FULL YEAR 2012, Q1, Q2 AND Q3 2013 (REPORTED)
SEGMENT INFORMATION AND ELIMINATIONS
Fourth quarter 2012, reported, EUR million
(un-audited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 776 |
| 1 979 |
| 233 |
| 3 988 |
| 278 |
| 151 |
|
|
| -4 |
| 4 413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1 478 |
| -1 747 |
| -237 |
| -3 462 |
| -325 |
| -51 |
| -50 |
| 4 |
| -3 884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -274 |
| -274 |
| -9 |
|
|
| 83 |
|
|
| -200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 298 |
| 232 |
| -278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 16.8 |
| 11.7 |
| -119.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 252 |
| -56 |
| 100 |
| 33 |
| 0 |
| 329 |
|
% of net sales |
|
|
|
|
|
|
| 6.3 |
| -20.1 |
| 66.2 |
| — |
| — |
| 7.5 |
|
Full year 2012, reported. EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 6 043 |
| 6 929 |
| 807 |
| 13 779 |
| 1 103 |
| 534 |
|
|
| -16 |
| 15 400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -5553 |
| -6595 |
| -1 136 |
| -13 284 |
| -1 374 |
| -206 |
| -136 |
| 16 |
| -14 984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -1 290 |
| -1 290 |
| -30 |
| -3 |
| 86 |
|
|
| -1 237 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 490 |
| 334 |
| -1 619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 8.1 |
| 4.8 |
| -200.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss/profit |
|
|
|
|
|
|
| -795 |
| -301 |
| 325 |
| -50 |
| — |
| -821 |
|
% of net sales |
|
|
|
|
|
|
| -5.8 |
| -27.3 |
| 60.9 |
| — |
| — |
| -5.3 |
|
First quarter 2013, reported, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 244 |
| 1 423 |
| 137 |
| 2 804 |
| 216 |
| 124 |
|
|
| -4 |
| 3 140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1 115 |
| -1 343 |
| -221 |
| -2 679 |
| -308 |
| -50 |
| -28 |
| 4 |
| -3 061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -122 |
| -122 |
| -5 |
| 0 |
| 19 |
|
|
| -108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 129 |
| 80 |
| -206 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 10.4 |
| 5.6 |
| -150.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss/profit |
|
|
|
|
|
|
| 3 |
| -97 |
| 74 |
| -9 |
| 0 |
| -29 |
|
% of net sales |
|
|
|
|
|
|
| 0.1 |
| -44.9 |
| 59.7 |
| — |
| — |
| -0.9 |
|
Second quarter 2013, reported, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 281 |
| 1 459 |
| 41 |
| 2 781 |
| 233 |
| 145 |
|
|
| -4 |
| 3 155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1169 |
| -1244 |
| -82 |
| -2 495 |
| -311 |
| -54 |
| -31 |
| 4 |
| -2 887 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -278 |
| -278 |
| -11 |
| -1 |
| 34 |
|
|
| -256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 112 |
| 215 |
| -319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 8.7 |
| 14.7 |
| -778.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 8 |
| -89 |
| 90 |
| 3 |
| — |
| 12 |
|
% of net sales |
|
|
|
|
|
|
| 0.3 |
| -38.2 |
| 62.1 |
| — |
| — |
| 0.4 |
|
Third quarter 2013, reported, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 259 |
| 1 331 |
| 2 |
| 2 592 |
| 211 |
| 140 |
|
|
| -4 |
| 2 939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1 197 |
| -1 167 |
| -24 |
| -2 388 |
| -193 |
| -57 |
| -25 |
| 4 |
| -2 659 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -38 |
| -38 |
| -4 |
| 0 |
| 24 |
|
|
| -18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 62 |
| 164 |
| -61 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 4.9 |
| 12.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 166 |
| 14 |
| 83 |
| -1 |
| 0 |
| 262 |
|
% of net sales |
|
|
|
|
|
|
| 6.4 |
| 6.6 |
| 59.3 |
| — |
| — |
| 8.9 |
|
NOKIA CONTINUING OPERATIONS Q4 2012, FULL YEAR 2012, Q1, Q2 AND Q3 2013 (NON-IFRS)
SEGMENT INFORMATION AND ELIMINATIONS
Fourth quarter 2012, non-IFRS, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 776 |
| 1 979 |
| 233 |
| 3 988 |
| 278 |
| 151 |
| 0 |
| -4 |
| 4 413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1 478 |
| -1 747 |
| -170 |
| -3 395 |
| -239 |
| -51 |
| -50 |
| 4 |
| -3 731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -17 |
| -17 |
| 1 |
| 0 |
| 4 |
| 0 |
| -12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 298 |
| 232 |
| 46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 16.8 |
| 11.7 |
| 19.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 576 |
| 40 |
| 100 |
| -46 |
| 0 |
| 670 |
|
% of net sales |
|
|
|
|
|
|
| 14.4 |
| 14.4 |
| 66.2 |
| — |
| — |
| 15.2 |
|
Full year 2012, non-IFRS. EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 6 043 |
| 6 929 |
| 807 |
| 13 779 |
| 1 104 |
| 534 |
| 0 |
| -16 |
| 15 401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -5 553 |
| -6 595 |
| -806 |
| -12 954 |
| -951 |
| -206 |
| -136 |
| 16 |
| -14 231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| -43 |
| -43 |
| 1 |
| 1 |
| 13 |
| 0 |
| -28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 490 |
| 334 |
| -42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 8.1 |
| 4.8 |
| -5.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 782 |
| 154 |
| 329 |
| -123 |
| — |
| 1 142 |
|
% of net sales |
|
|
|
|
|
|
| 5.7 |
| 13.9 |
| 61.6 |
| — |
| — |
| 7.4 |
|
First quarter 2013, non-IFRS, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 244 |
| 1 423 |
| 137 |
| 2 804 |
| 216 |
| 124 |
| 0 |
| -4 |
| 3 140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1115 |
| -1343 |
| -157 |
| -2 615 |
| -221 |
| -50 |
| -28 |
| 4 |
| -2 910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| 7 |
| 7 |
| 0 |
| 0 |
| 20 |
| 0 |
| 27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 129 |
| 80 |
| -13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 10.4 |
| 5.6 |
| -9.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 196 |
| -5 |
| 74 |
| -8 |
| 0 |
| 257 |
|
% of net sales |
|
|
|
|
|
|
| 7.0 |
| -2.3 |
| 59.7 |
| — |
| — |
| 8.2 |
|
Second quarter 2013, non-IFRS, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 281 |
| 1 459 |
| 41 |
| 2 781 |
| 234 |
| 145 |
| 0 |
| -4 |
| 3 156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1169 |
| -1244 |
| -70 |
| -2 483 |
| -225 |
| -54 |
| -31 |
| 4 |
| -2 789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| 30 |
| 30 |
| -1 |
| 1 |
| 34 |
| 0 |
| 64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 112 |
| 215 |
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 8.7 |
| 14.7 |
| 2.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 328 |
| 8 |
| 92 |
| 3 |
| — |
| 431 |
|
% of net sales |
|
|
|
|
|
|
| 11.8 |
| 3.4 |
| 63.4 |
| — |
| — |
| 13.7 |
|
Third quarter 2013, non-IFRS, EUR million
(unaudited)
|
| Mobile |
| Global |
| Nokia |
| Nokia |
| HERE |
| Advanced |
| Corporate |
| Eliminations |
| Nokia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
| 1 259 |
| 1 331 |
| 2 |
| 2 592 |
| 211 |
| 140 |
| 0 |
| -4 |
| 2 939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
| -1 197 |
| -1 167 |
| -11 |
| -2 375 |
| -190 |
| -56 |
| -25 |
| 4 |
| -2 642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income and expenses |
| 0 |
| 0 |
| 1 |
| 1 |
| -1 |
| 0 |
| 47 |
| 0 |
| 47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution |
| 62 |
| 164 |
| -9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
% of net sales |
| 4.9 |
| 12.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/loss |
|
|
|
|
|
|
| 218 |
| 20 |
| 84 |
| 22 |
| 0 |
| 344 |
|
% of net sales |
|
|
|
|
|
|
| 8.4 |
| 9.5 |
| 60.4 |
| — |
| — |
| 11.7 |
|
*In addition to information on Nokia’s reported IFRS results, Nokia provides certain information on a non-IFRS, or underlying business performance, basis. Non-IFRS results exclude all material special items for all periods. In addition, non-IFRS results exclude intangible asset amortization, other purchase price accounting related items and inventory value adjustments arising from (1) the formation of Nokia Siemens Networks and (2) all business acquisitions completed after June 30, 2008. Nokia believes that its non-IFRS results provide meaningful supplemental information to both management and investors regarding Nokia and its underlying business performance by excluding the above-described items that may not be indicative of Nokia’s business operating results. In this pro forma information Nokia’s non-IFRS results as described above are also presented on a pro forma basis.
These non-IFRS financial measures should not be viewed in isolation or as substitutes to the equivalent IFRS measure(s), but should be used in conjunction with the most directly comparable IFRS measure(s) in the reported results. We provide more information in the non-IFRS measures in the respective results reports.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use
their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
www.nokia.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 22, 2014 | Nokia Corporation | |
|
| |
|
| |
| By: | /s/ Riikka Tieaho |
|
| Name: Riikka Tieaho |
|
| Title: Vice President, Corporate Legal |