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Nokia Siemens Networks publishing today its annual report 2012; includes financial information on a new standalone reporting format

(PresseBox) (Espoo, Finland, ) .
- Report provides, on standalone basis, financial information for two operating segments: Mobile Broadband and Global Services
- Report includes reiteration of Nokia Siemens Networks' longer-term financial target and an estimate of mobile broadband market development for 2013

Nokia announced that Nokia Siemens Networks is today publishing its annual report for 2012 that includes the Nokia Siemens Networks B.V. consolidated audited annual accounts, the review by the CEO and the review by the Board Chairman. The publication will be submitted to the Netherlands Trade Register and will be available shortly in pdf-format through http://www.nokia.com/financials and Nokia Siemens Networks' Internet pages at http://www.nokiasiemensnetworks.com/about-us/company/financial.

Notable information

In this annual report, Nokia Siemens Networks reiterates that, longer-term, Nokia Siemens Networks continues to target for its non-IFRS operating margin to be between 5% and 10%.

Also, Nokia Siemens Networks notes in the Chairman's review that Nokia Siemens Networks expects the mobile broadband market to be relatively flat in 2013, compared to 2012.

In the report, Nokia Siemens Networks discloses that, for financial reporting purposes on a standalone basis, it currently has two operating segments: Mobile Broadband and Global Services. Nokia Siemens Networks provides detailed disclosure of certain financial information for these operating segments including net sales and operating profit on a non-IFRS before specific items basis for 2012, 2011, and 2010. In 2012, Nokia Siemens Networks' Mobile Broadband net sales were EUR 6.0 billion and operating profit non-IFRS before specific items was EUR 488 million, or 8.1% of net sales. In 2012, Nokia Siemens Networks' Global Services net sales were EUR 6.9 billion and operating profit non-IFRS before specific items was EUR 332 million, or 4.8% of net sales. In 2011, Nokia Siemens Networks' Mobile Broadband net sales were EUR 6.3 billion and operating profit non-IFRS before specific items was EUR 214 million, or 3.4% of net sales. In 2011, Nokia Siemens Networks' Global Services net sales were EUR 6.7 billion and operating profit non-IFRS before specific items was EUR 229 million, or 3.4% of net sales. For Nokia Group financial reporting purposes Nokia Siemens Networks remains as one reportable segment.

Nokia Siemens Networks

Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/....