Nokia Earnings - Quick Presentation Updates
Gross cash of EUR 9.5 billion and net cash of EUR 4.1 billion.
Nokia Siemens Networks would become a wholly owned subsidiary of Nokia.
HERE business exceeded expectations with 3.4% underlying profitability.
For NSN, expect the Q3 non-IFRS operating margin to be positive at 7%.
Lumia volumes grew to 7.4 million, the highest for any quarter so far demonstrating momentum for the ecosystem.
Lumia 520, most affordable Windows Phone 8 product has enjoyed a strong start in markets like China, France, India, Thailand, the UK, the United States of America and Vietnam.
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