Nokia has finally made the Q4 and Yearly results public. In Q4 2012, Nokia has managed to generate $585 million operating profit, in which NSN’s super strong performance has made largest contribution. Best part is Nokia has ended the quarter and 2012 with a net cash reserve of $5.86 billion, which should allay fears of cash burn-out with Lumia production ramp up. Other highlights from the report,
- Nokia Group achieves underlying operating profitability, with Q4 non-IFRS operating margin of 7.9%.
- Nokia Group strengthened its net cash position by approximately EUR 800 million sequentially, of which approximately EUR 650 million was generated by Nokia Siemens Networks.
- Devices & Services Q4 non-IFRS operating margin improved quarter-on-quarter to 1.3%, due to an increase in gross margin as well as a decrease in operating expenses.
- Nokia Siemens Networks non-IFRS operating margin improved quarter-on-quarter and year-on-year to a 14.4% in Q4, the highest level of underlying operating profitability since its formation in April 2007, primarily due to an increase in gross margin.
You can read the full report here.