CALDEIRÃO DE BOLSA

Vendas recuam 5%
Lucros da Nokia aumentam 14,10%; acções caem 14,61%
Os lucros da Nokia, o maior produtor de telemóveis do mundo, aumentaram 14,10%, para 712 milhões de euros, ou 15 cêntimos por acção, no segundo trimestre deste ano, face a 624 milhões de euros, ou 13 cêntimos por título, em igual período do ano passado. As acção da companhia recuavam 14,61%.

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Sara Antunes



Os lucros da Nokia, o maior produtor de telemóveis do mundo, aumentaram 14,10%, para 712 milhões de euros, ou 15 cêntimos por acção, no segundo trimestre deste ano, face a 624 milhões de euros, ou 13 cêntimos por título, em igual período do ano passado. As acção da companhia reagiram em queda à divulgação de resultados, recuando 14,61%, para 9,70 euros.

As vendas registaram uma queda de 5% no período em análise. As vendas caíram para 6,64 mil milhões de euros, face a 7,02 mil milhões de euros no ano passado.

Este aumento deve-se em parte a não se ter verificado custos extraordinários com despedimentos, segundo a empresa, custos que no ano passado fizeram baixar os lucros.

Em Abril a Nokia previu que lucros subiriam no segundo trimestre de 13 cêntimos para 15 cêntimos por acção, e que as vendas deveriam registar alterações e ficar «ligeiramente abaixo» dos resultados do ano anterior.

Os resultados da Nokia estão a ser afectados com a Motorola, a Siemens e a LG Electronics a comercializarem telemóveis com câmaras, e ecrãs coloridos e a ganharem popularidade. Enquanto as vendas unitárias subiam, os lucros da Nokia caíram em 2002 e em 2003, com o mercado do Ocidente a ficarem saturados, os preços dos aparelhos a descerem e com o dólar a desvalorizar face ao euro.

O presidente executivo, Jorma Ollila, anunciou em Abril que a Nokia ia focar-se na quota de mercado, com a extensão das margens, com cortes nos preços e mais investimento em «marketing».

A redução de preços, em conjunto com a perca pela Nokia da sua «reputação de inovadora», fez com que a empresa tivesse lucros vulneráveis, declarou a Fitch Ratings em Junho, que alterou as previsões a longo prazo para a Nokia de estável para positivo.

15 Jul 2004 11:06 GMT


Nokia's Ollila sees 'very strong' 2005
LONDON (AFX) - Nokia Corp CEO Jorma Ollila said he expects the impact of new product introductions to take effect from the fourth quarter of 2004, indicating that 2005 will be a "very strong" year for the company.

In an interview with CNBC after the company disappointed the market with a third quarter EPS forecast of just 0.08-0.10 eur, Ollila also said he was "quite pleased" with the average handset selling price that Nokia achieved in the second quarter.

Nokia does not publish its ASPs. According to Karri Rinta, Nokia analyst for Evli Bank PLC, the ASP fell to 110 eur in the second quarter from 115 in the first.

Ollila added that the company will implement further handset price cuts in the third quarter.

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jms

Quer dizer que foram bem piores que esperados?

Nokia Second-Quarter Profit Rises as Charges Aren't Repeated
July 15 (Bloomberg) -- Nokia Oyj, the world's largest mobile- phone maker, said second-quarter profit rose as costs for shedding jobs weren't repeated. Sales fell 5 percent.

Net income rose to 712 million euros (880 million), or 15 cents a share, from 624 million euros, or 13 cents, a year earlier, when costs to cut jobs reduced profit by 6 cents, the Espoo, Finland-based company said a statement to the Helsinki exchange. Sales fell to 6.64 billion euros from 7.02 billion euros a year earlier.

Nokia in April predicted second-quarter profit of 13 cents to 15 cents a share, and that sales would be little changed or ``slightly below'' last year's revenue of 7.02 billion euros.

Revenue at Nokia is sputtering as Motorola Inc., Siemens AG and LG Electronics Inc. phones with cameras and color screens gain in popularity. While unit sales rose, Nokia's revenue fell in 2002 and 2003 as Western markets became saturated, phone prices slipped and the dollar fell against the euro.

Chief Executive Officer Jorma Ollila in April said Nokia will focus on market share at the expense of margins, through price cuts and more spending on marketing. Nokia has since introduced cheaper phones, reduced prices of existing models and said it plans to focus on fewer products than originally planned.

The price cuts, coupled with Nokia losing ``some of its reputation for innovation,'' makes the company's profitability vulnerable, Fitch Ratings said in June. Fitch changed its outlook on Nokia's long-term debt to ``negative'' from ``stable,'' increasing the likelihood of a rating cut.

Market Share Woes

Nokia's global market share fell to 28.9 percent in the first quarter from 34.6 percent a year earlier, Stamford, Connecticut-based researcher Gartner Inc. said. The company's stated long-term target is 40 percent global market share.

All of Nokia's five main competitors took market share in the period on growing demand for phones with color screens and cameras, features that make so-called clamshell phones that flip open to reveal a larger screen popular. Nokia sold it first clamshell model in Europe in March, years after some rivals.

Sony Ericsson Mobile Communications Ltd., the world's No. 5 handset maker with a 5.6 percent market share, today said sales rose one-third to 1.5 billion euros in the second quarter. Net income was 89 million euros, a fourth straight quarterly profit, compared with a loss of 88 million euros a year earlier.

Motorola, the runner-up to Nokia with 16.4 percent of the cellular-phone market in the first quarter, according to Gartner, reports earnings on Tuesday, July 20. Motorola probably earned 18 cents a share in the quarter on sales of $8.5 billion, according to a survey of analysts by Thomson Financial.

Samsung, the No. 3 mobile-phone maker with 12.5 percent market share in the first quarter, reports earnings next month.

Filling Gaps

Ollila, 53, said in April Nokia had been too slow to fill gaps in its product range, such as adding a clamshell model.

Nokia fell out of step with consumers' demands just as mobile-phone sales recovered with the popularity of picture- taking and Web capabilities. Only 6 percent of Nokia phones sold last year had a camera, while it was 30 percent for Sony Ericsson and 18 percent at Samsung, according to Boston-based researcher Strategy Analytics.

Global handset sales volumes will rise to more than 600 million units this year from 520 million units sold in 2003, after gaining a fifth last year, Gartner forecasts. Nokia in June predicted industrywide sales of 600 million units this year and Sony Ericsson today matched that forecast.

Nokia has said it will speed up introductions of new phones in the last three quarters of the year, bringing the number to 35 in 2004. Samsung plans to introduce about 50 phones in its domestic market alone.

Nokia in May introduced the 3220, which has small flashing lights designed to help friends contact each other in crowded spaces such as open-air concerts. It plans to introduce ``half a dozen'' clamshell models this year, Ollila has said. It last quarter started selling the 7610, its first camera phone with one- megapixel resolution, producing higher-quality pictures.



To contact the reporter on this story:
Ville Heiskanen in Helsinki vheiskanen@bloomberg.net

To contact the editors responsible for this story:
Lars Klemming at lklemming@bloomberg.net or
Zimri Smith at zsmith@bloomberg.net
Last Updated: July 15, 2004 06:03 EDT