On February 3, Nokia (NOK. US) announced its financial results for the fourth quarter and the whole year of 2021. According to the financial report, the net sales of Nokia Q4 was 6.414 billion euros, a year-on-year decrease of 2%, which was lower than the market expectation; The net profit was 680 million euros, with a net loss of 2.696 billion euros in the same period last year; Diluted earnings per share was 0.12 euros, and the loss per share was 0.48 euros in the same period last year.
In the fourth quarter, the gross profit margin of the company was 39.5%, compared with 39.0% in the same period of last year; The operating profit margin was 11.5%, compared with 6.7% in the same period last year.
By business, the net sales of mobile network business in the fourth quarter was 2.761 billion euros, a year-on-year decrease of 13%; The net sales of network infrastructure business was 2.254 billion euros, a year-on-year increase of 14%; The net sales of cloud and network services business was 964 million euros, unchanged year-on-year; The net sales of Nokia technology business was 368 million euros, a year-on-year decrease of 4%; Net sales of other businesses were € 74 million, a year-on-year increase of 25%.
In 2021, the company’s net sales reached 22.202 billion euros, a year-on-year increase of 2%; The net profit was 1.645 billion euros, compared with a net loss of 2.516 billion euros in the same period of last year; Diluted earnings per share was 0.29 euros, compared with a loss of 0.45 euros per share in the same period last year.
Looking ahead, the company expects net sales of 22.6-23.8 billion euros in 2022, with a comparable operating profit margin of 11% – 13.5%.
