Nokia goes after 10 years in red

The crisis hits hard while the thriving field of mobile phones. For the first time in ten years now Nokia (dive The title on the Helsinki Exchanges: -8.6% to 9.44 euros, 13.30) turns a quarter in loss to 559 million euros between July and September while the total turnover decreased by 19.8 percent on an annual basis. But at the same time, the global giant cell has revised its forecasts for the better in the months to come, now expects a recovery in overall sales volumes in the last quarter of the 'year. Meanwhile the third quarter ended with revenues fell to 9.81 billion euros, 1% in less than three months prior.

Operating profit fell to 741 million euros, 57.8 percent less than the same period a year earlier, and a minus 4.4 percent over the first three months. Earnings per share fell by 48.5 percent on an annual basis, to 0.17 euros. The administrator username, Olli-Pekka Kallasvuo has indicated that demand for mobile has improved in the quarter under consideration, but conceded that the company has had problems with regard to the unity of network TLC (Nokia Siemens Networks) who has had to balance in goodwill writedowns of 906 million euros. "The application of mobile phones has improved in many markets during the third quarter," said Olli-Pekka Kallasvuo, CEO of the group. "Given that the average price of our products has remained constant - he added - the increased volume has resulted in an increase in revenues of Devices & Services division."

The world number one now expects that the entire industry a downturn in sales of 7% for all of 2009 to 1 billion 120 thousand units, where previously expected a decline of 10 percent. With regard to its market share, Nokia (which has confirmed a further strengthening of the range smart-phone) has to keep it in the fourth quarter after a 38% on the third stood in line with the levels a year earlier and with the second quarter. Less clear is the likely evolution for next year: According to Kallasvuo there is no clarity on how the consumption will grow globally. (Al.An.)

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