Stabile Zahlen, der Kurs hat noch sehr viel Unsicherheiten eingepreist, ich habe von daher meine Position soeben noch mal kräftig ausgebaut.
Full year 2019 results for non-IFRS diluted EPS, non-IFRS operating margin, and recurring free cash flow were in line with
● Net sales in Q4 2019 were EUR 6.9 billion, approximately flat compared to Q4 2018. On a constant currency basis, net
sales decreased 1%. Excluding one-time licensing net sales in Q4 2019 and Q4 2018, net sales grew 1%, reflecting
improved overall industry demand and particularly strong growth with enterprise customers, driven by increased
demand for mission-critical networking solutions. In full year 2019, net sales were EUR 23.3 billion, compared to EUR
22.6 billion in full year 2018.
● Non-IFRS diluted EPS in Q4 2019 was EUR 0.15, compared to EUR 0.13 in Q4 2018, primarily driven by continued
progress related to our cost savings program, which resulted in lower operating expenses across Networks, Nokia
Software and Nokia Technologies. This was partially offset by lower gross profit, particularly in Mobile Access within
Networks. In full year 2019, Nokias non-IFRS diluted EPS was EUR 0.22, compared to EUR 0.23 in full year 2018.
● Reported diluted EPS in Q4 2019 was EUR 0.10, compared to EUR 0.03 in Q4 2018, primarily driven by continued
progress related to our cost savings program, lower transaction and integration costs, a net positive fluctuation in
financial income and expenses, lower income taxes and a net positive fluctuation in other income and expenses. This
was partially offset by lower gross profit, primarily due to our business performance. In full year 2019, on a reported
basis, Nokia generated a profit of EUR 18 million and a diluted EPS of EUR 0.00, compared to a loss of EUR 549 million
and a diluted EPS of negative EUR 0.10 in full year 2018.
● In Q4 2019, net cash and current financial investments increased sequentially by approximately EUR 1.4 billion, resulting
in a net cash balance of approximately EUR 1.7 billion.