Nokia 2014 Annual Report Download - page 5

Overview
03NOKIA IN 2014
Nokia Networks
Nokia Networks is the largest of our
businesses. As the world’s mobile broadband
specialist, we help our customers to bring
their subscribers unrivalled quality of
experience, to maximize the value of their
subscriber base and to run extremely ecient
mobile networks.
Ranked third in terms of market share in
mobile radio networks and telecommunications
services, Nokia Networks is a signicant player
in its chosen markets and, with sales in over
120 countries, served by approximately
54600 employees, it has the global reach
andscale to deliver high-quality solutions
tothe largestoperators.
Nokia Networks has more than 100 years
of experience in telecommunications,
from 2G to3G to 4G (“LTE”) and now the
emerging 5G, and it has always been—and
intends to remain—at the cutting edge of
mobile technology.
HERE
HERE is a global leader in the mapping and
location intelligence business. HERE builds
high-denition (“HD”) maps and combines
them with cloud technology to enable rich,
real-time location experiences in a broad
range of connected devices from
smartphones and tablets to wearables
and vehicles.
In the automotive segment HERE is a clear
leader, with its maps powering four out of ve
in-car navigation systems in North America
and Europe, and its location platform is used
by leading internet companies.
All in all, more than 13 million cars were sold
with HERE maps on board during 2014. HERE
oers maps for more than 190 countries,
drive navigation for 118 countries and live
trac information for 44 countries.
Nokia Technologies
Nokia Technologies is a leading innovator
ofthe core technologies enabling the
Programmable World, where everything
andeveryone will be connected. Nokia
Technologies is expanding Nokia’s successful
patent licensing program and licensing
proprietary technologies to enable its
customers to build better products.
Nokia Technologies is also helping customers
leverage the value of the Nokia brand in the
consumer device space, starting with the
Nokia N1 Android™ tablet(2).
Finally, the Nokia Technologies incubation
program focuses on developing new ideas
and prototypes. All of these activities are
supported by its world-class Nokia Labs R&D
team, which is continuing more than two
decades of Nokia leadership in multimedia,
connectivity, sensing and material
technologies as well as imaging, audio,
weband cloud technologies.
€11 198m
Net sales 2014 (2013: €11 282m)
€1 210m
Operating prot 2014 (2013: €420m)
€1 786m
R&D expenses 2014
(2013: €1 822m)
€970m
Net sales 2014 (2013: €914m)
€(32)m
Operating loss(1) 2014 (2013: €(154)m)
€545m
R&D expenses 2014
(2013: €648m)
(1) Excludes a goodwill impairment charge of€1 209m
which resulted in an operating loss of €1 241m in 2014.
€578m
Net sales 2014 (2013: €529m)
€343m
Operating prot 2014 (2013: €310m)
€161m
R&D expenses 2014
(2013: €147m)
Derived from our nancial statements which were prepared in accordance with International Financial Reporting Standards, IFRS.
(2) Android is a trademark of Google Inc.