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October 21, 2010

Nokia sees sales grow 5 percent

Expects Q4 devices and services net sales between EUR8.2bn and EUR8.7bn

By CBR Staff Writer

Nokia has reported net sales of €10.27bn for the third quarter of 2010, an increase of 5% as compared to €9.8bn for the same quarter in 2009.

The company has reported total mobile device volumes of 110.4 million units, up 2% year-on-year and down 1% sequentially.

Its converged mobile device (smartphone and mobile computer) volumes were 26.5 million units, up 61% year-on-year and 10% sequentially.

The devices and services net sales were €7.2bn, up 4% year-on-year and 6% sequentially.

The company’s operating profit was €403m, down 14% compared to a loss of €426m for the same period last year.

Nokia posted an operating cash flow of €439m, and cash generated from operations of €1.2bn.

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The total cash and other liquid assets were €10.2bn and net cash and other liquid assets were €4.4bn, at the end of Q3 2010.

The company expects the devices and services net sales to be between €8.2bn and €8.7bn in the fourth quarter of 2010.

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