Breaking News!Possible reasons for Nokia's high cash consumption in the second quarter .Against the law to know nokia how much nokia consume
Possible reasons for Nokia's high cash consumption in the second quarter
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05th July 2013 08:49
Nokia has given a cash consumption of 300 to 800 million euros in Q2 known. The reasons for this are unclear, but are likely to renewed problems in the mobile phone division.
(05.07.2013, 08:30) Am first Juli pieces den Kauf des Nokia Siemens Anteil an Nokia Siemens Networks (NSN) disclosed. Der Kaufpreis fiel mit 1,7 Milliarden Euro sehr günstig für Nokia aus. Die Akquisition wurde von einigen Analysten Präludium als auch zum Verkauf der Handy sparta angesehen.
In the last paragraph of the message Nokia went to the change in cash holdings at quarter end compared to the Q1. At 31 March 2013 was the net cash position of EUR 4.5 billion Nokia. For the end of the second quarter, ie 30.6., Nokia estimates a net cash position from 3.7 to 4.2 billion euros.
In other words, the burn rate in Q2 was between 300 and 800 million euros . Unclear is the reason for this high consumption. Some light it throws now an analysis of Sameer Singh in his blog Tech Thoughts .
The chart compares the operating margins of Nokia Devices & Services division, fall into both the smartphones like the feature phones, with the growth of cash per quarter. From this it is clear that the mobile division of the main drivers for changes in Nokia's cash position is. The only difference there is in Q1 2012, when NSN announced a loss of 1 billion euros. NSN was profitable but over the last few quarters and Nokia HERE Division also contributes slightly to the profit. This suggests that the mobile phone division is the reason for the high cash consumption in Q2.