Wednesday, January 27, 2010

NSN Posts Q4 Sales of EUR 3.6 billion, up 31% QoQ

Nokia Siemens Networks reported net sales of EUR 3.6 billion, up 31% sequentially and down 16% compared to the same period last year. Non-IFRS gross margin was 30.6%, up 180 bps quarter over quarter. The performance enabled NSN to turn in a full year profit on an operative basis.

Fourth quarter 2009 net sales decreased At constant currency, Nokia Siemens Networks net sales would have decreased 17%. Of total Nokia Siemens Networks net sales, services contributed EUR 1.7 billion in the fourth quarter 2009.

Nokia Siemens Networks fourth quarter 2009 reported operating profit was EUR 17 million, compared with a reported operating loss of EUR 179 million in the fourth quarter 2008, with a reported operating margin of 0.5%.

During Q4, the company said it won 10 new 3G contracts including deals with Softbank in Japan for HSPA+ for evolved mobile data services delivery and with Telenor Sweden for a full upgrade of its 3G network as well as a contract with VMS Mobifone in Vietnam for a 3G network roll-out.

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