Nokia Announce Q4 2009 Results Exceeding Expectations

Nokia has today announced its Q4 2009 results, reporting an operational profit of EUR 1.141 billion and net sales of EUR 12 billion, down 5% year on year (up 22% sequentially). The devices and services sector saw net sales of EUR 8.2 billion, up 0.5% year on year (18% sequentially), and converged device sales were 20.8 million, increasing the worldwide smartpohone marketshare to 40%. Nokia has also reported estimated industry mobile device volumes of 329 million units, up 8% year on year and 14% sequentially, with 126.9 million Nokia mobile devices, up 12% year on year (17% sequentially).

This is what Nokia CEO Olli-Pekka Kallasvuo had to say:

“We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models. Our performance in smartphones, combined with continuing success in the emerging markets, helped us increase sales in our Devices & Services unit, both quarter-on-quarter and year-on-year. Our solid results also owe a good deal to world class supply chain management and impressive sales execution.

I was also pleased with Nokia Siemens Networks’ performance in Q4, especially considering the ongoing challenging conditions in the infrastructure market. That performance enabled it to turn in a full year profit on an operative basis.

Our focus remains firmly on execution, especially around user experience. Here I want to highlight our move to shake up the navigation market with free walk and drive navigation on our smartphones, a good example of how we are leveraging our assets to bring real benefits to consumers.”