Nokia has reported the company’s Q3 2014 earnings report during a conference call on Thursday. The conference call was started by Matt Shimao, Head of Nokia Investor Relations then continued by Rajeev Suri, President and CEO. Timo Ihamuotila, EVP and Group CFO was also present during the conference call.
The conference call started with a reminder for investors who are planning to attend Capital Markets Day on November 2014 to register as soon as possible so that the venue logistics can be optimized. Any question can be sent to [email protected].
It is continued by releasing the company’s planning regarding the future business and financial performance of Nokia and its industry. Shimao also explained further that this planning is going to involve risks and uncertainties and the actual result can be differ because of internal and external factor. The complete interim report can be found in the company’s website which includes the detailed explanation of the contents of non-IFRS information and reconciliation between the non-IFRS and the reported information.
The conference calls then continued by Rajeev Suri who explained that Nokia has delivered both growth and strong profitability in this quarter. On top of that, he further explained that the three businesses have grown on a year on year basis with overall performance of 13% year-on-year net sales growth.
With the recent launch of “HERE” maps for Android which boost the growth up to 12% and other technologies with 9% growth. Whether Nokia wants to go back to the businesses of smartphones in the future, it is still not confirm yet. After all, the branding itself is an important asset to own.