** charts before earnings **
** charts after earnings **
Nokia beats by $0.03, reports revs in-line; proposes special dividend :
- Reports Q4 (Dec) earnings of 0.15 per share, 0.03 better than the Capital IQ Consensus of 0.12; revenues rose 2.8% year/year to 3.61 bln vs the 3.58 bln Capital IQ Consensus.
- 5% year-on-year net sales decrease in Q4 2015 and 3% net sales growth in full year 2015. On a reported basis, Greater China and Middle East & Africa were the strongest regions.
- 170% year-on-year net sales growth in Q4 2015 and 77% net sales growth in full year 2015. On a year-on-year basis, non-IFRS operating profit grew 318% in Q4 2015 and 102% in full year 2015, primarily related to the growth in net sales resulting from a settled arbitration.
- Nokia's Board of Directors will propose a dividend of EUR 0.16 per share for 2015 and a special dividend of EUR 0.10 per share (dividend of EUR 0.14 per share for 2014). Proposed dividend is estimated to result in a maximum payout of approximately EUR 960 million in dividend and EUR 600 million in special dividend.
- Outlook:
- Due to the very recent acquisition of Alcatel-Lucent (ALU), Nokia believes it is not appropriate to provide an annual outlook for the new combined Networks business at the present time, and intends to provide its full year outlook in conjunction with its Q1 results announcement.
- Q1 2016 net sales and non-IFRS operating margin are expected to be influenced by factors including: A flattish capex environment in 2016 for overall addressable market; A declining wireless infrastructure market in 2016, with a greater than normal seasonal decline in Q1 2016
- Additionally, co announced that its Board of Directors has approved the Nokia equity program for 2016
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