NOKIA CORP | CIK:0000924613 |

Nokia's

Ultra

IP Networks

Networks

Group

Broadband

Global

and

business

Nokia

Common

Segment

Unallocated

EURm

Networks(1)

Services

Applications(2)

Total (3)

Technologies

and Other

Eliminations

total

items(4)

Total

Continuing operations

2017

Net sales to external customers

8 970

5 810

5 743

20 523

1 639

1 060

 –

23 222

(75)

23 147

Net sales to other segments

 –

 –

 –

 –

15

54

(69)

 –

 –

 –

Depreciation and amortization

(258)

(80)

(160)

(498)

(12)

(48)

 –

(558)

(1 033)

(1 591)

Impairment charges

 –

 –

 –

 –

 –

(11)

 –

(11)

(199)

(210)

Operating profit/(loss)

781

411

519

1 711

1 124

(248)

 –

2 587

(2 571)

16

Share of results of associated companies and joint ventures

21

 –

 –

21

(10)

 –

 –

11

 –

11

2016

Net sales to external customers

9 757

6 036

6 036

21 829

1 038

1 105

 –

23 972

(331)

23 641

Net sales to other segments

 1

 –

 –

 1

15

37

(53)

 –

 –

 –

Depreciation and amortization

(270)

(70)

(160)

(500)

(9)

(43)

 –

(552)

(1 042)

(1 594)

Impairment charges

(9)

 –

 –

(9)

 –

(8)

 –

(17)

 –

(17)

Operating profit/(loss)

922

406

615

1 943

579

(350)

 –

2 172

(3 272)

(1 100)

Share of results of associated companies and joint ventures

18

 –

 –

18

 –

 –

 –

18

 –

18

2015

Net sales to external customers

5 333

4 887

1 328

11 548

1 012

 –

 –

12 560

 –

12 560

Net sales to other segments

 –

 –

 –

 –

15

 –

(15)

 –

 –

 –

Depreciation and amortization

(112)

(46)

(35)

(193)

(6)

(8)

 –

(207)

(79)

(286)

Impairment charges

 –

 –

 –

 –

 –

(11)

 –

(11)

 –

(11)

Operating profit/(loss)

492

719

138

1 349

698

(89)

 –

1 958

(261)

1 697

Share of results of associated companies and joint ventures

29

 –

 –

29

 –

 –

 –

29

 –

29

(1)

Includes Mobile Networks net sales of EUR 6 895 million (EUR 7 357 million in 2016 and EUR 5 197 million in 2015) and Fixed Networks net sales of EUR 2 075 million (EUR 2 401 million in 2016 and EUR 136 million in 2015).

(2)

Includes IP Routing net sales of EUR 2 694 million (EUR 2 941 million in 2016 and EUR 515 million in 2015), Optical Networks net sales of EUR 1 499 million (EUR 1 564 million in 2016) and Nokia Software net sales of EUR 1 550 million (EUR 1 531 million in 2016 and EUR 813 million in 2015).

(3)

Includes total services net sales of EUR 8 221 million (EUR 8 531 million in 2016 and EUR 5 424 million in 2015) which consists of all the services sales of Nokia’s Networks business, including Global Services of EUR 5 810 million (EUR 6 036 million in 2016 and EUR 4 887 million in 2015) and the services of Fixed Networks, IP/Optical Networks and Nokia Software.

(4)

Excludes costs related to the acquisition of Alcatel Lucent and related integration, goodwill impairment charges, intangible asset amortization and other purchase price fair value adjustments, restructuring and associated charges and certain other items.

EURm

Total segment operating profit

2 587

2 172

1 958

Amortization and depreciation of acquired intangible assets and property, plant and equipment

(1 033)

(1 026)

(79)

Restructuring and associated charges

(579)

(774)

(123)

Product portfolio strategy costs

(536)

(348)

 –

Transaction and related costs, including integration costs relating to the acquisition of Alcatel Lucent

(206)

(295)

(99)

Impairment of intangible assets

(173)

 –

 –

Release of acquisition-related fair value adjustments to deferred revenue and inventory

(55)

(840)

 –

Other

11

11

40

Total operating profit/(loss)

16

(1 100)

1 697