Nokia provides recast segment results for 2015 ...

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Segment information and eliminations (comparable combined company information, unaudited)

Q1'15	Ultra Broadband Networks ¹	IP Networks and Appli- cations ²	Networks business Total ³	Nokia Technologies	Group Common and Other	Elimi- nations	Nokia Total
EUR million	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS
Net sales	4 227	1 435	5 662	273	203	(8)	6 129
Cost of sales	(2 815)	(872)	(3 686)	(2)	(185)	8	(3 865)
Gross profit	1 413	563	1 976	271	18	0	2 264
% of net sales	33.4%	39.3%	34.9%	99.3%	8.8%		36.9%
Research and development expenses	(702)	(321)	(1 023)	(72)	(70)	0	(1 165)
% of net sales	17%	22%	18%	27%	34%		19%
Selling, general and administrative expenses	(514)	(191)	(705)	(21)	(48)	0	(774)
% of net sales	12%	13%	12%	8%	23%		13%
Other income and expenses	(29)	(10)	(38)	1	(11)	0	(49)
Operating profit	168	42	209	178	(111)	0	276
% of net sales	4.0%	2.9%	3.7%	65.1%	(54.5)%		4.5%
¹Mobile Networks net sales of EUR 3 686 million, Fixed Networks net sales of EUR 541 million.
²IP Networks net sales of EUR 729 million, Optical Networks net sales of EUR 320 million, Applications & Analytics net sales of EUR 385 million.
³Services net sales of EUR 2 122 million.

Segment information and eliminations (comparable combined company information, unaudited)

Q2'15	Ultra Broadband Networks ¹	IP Networks and Appli- cations ²	Networks business Total ³	Nokia Technologies	Group Common and Other	Elimi- nations	Nokia Total
EUR million	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS
Net sales	4 303	1 593	5 895	219	254	(5)	6 363
Cost of sales	(2 775)	(885)	(3 661)	(2)	(211)	5	(3 868)
Gross profit	1 527	707	2 235	217	43	0	2 495
% of net sales	35.5%	44.4%	37.9%	99.1%	17.0%		39.2%
Research and development expenses	(668)	(307)	(975)	(70)	(73)	0	(1 118)
% of net sales	16%	19%	17%	32%	29%		18%
Selling, general and administrative expenses	(523)	(190)	(712)	(28)	(61)	0	(801)
% of net sales	12%	12%	12%	13%	24%		13%
Other income and expenses	(29)	(8)	(36)	0	110	0	74
Operating profit	308	203	511	120	18	0	649
% of net sales	7.2%	12.7%	8.7%	54.6%	7.2%		10.2%
¹Mobile Networks net sales of EUR 3 722 million, Fixed Networks net sales of EUR 580 million.
²IP Networks net sales of EUR 769 million, Optical Networks net sales of EUR 407 million, Applications & Analytics net sales of EUR 417 million.
³Services net sales of EUR 2 220 million.

Segment information and eliminations (comparable combined company information, unaudited)

Q3'15	Ultra Broadband Networks ¹	IP Networks and Appli- cations ²	Networks business Total ³	Nokia Technologies	Group Common and Other	Elimi- nations	Nokia Total
EUR million	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS
Net sales	4 469	1 552	6 020	169	211	(6)	6 395
Cost of sales	(2 918)	(874)	(3 792)	(3)	(195)	6	(3 984)
Gross profit	1 551	678	2 228	166	16	0	2 410
% of net sales	34.7%	43.7%	37.0%	98.3%	7.4%		37.7%
Research and development expenses	(604)	(301)	(904)	(55)	(64)	0	(1 024)
% of net sales	14%	19%	15%	33%	30%		16%
Selling, general and administrative expenses	(490)	(180)	(670)	(27)	(51)	0	(748)
% of net sales	11%	12%	11%	16%	24%		12%
Other income and expenses	21	4	25	0	19	0	44
Operating profit	478	200	678	84	(80)	0	682
% of net sales	10.7%	12.9%	11.3%	49.6%	(38.0)%		10.7%
¹Mobile Networks net sales of EUR 3 903 million, Fixed Networks net sales of EUR 566 million.
²IP Networks net sales of EUR 783 million, Optical Networks net sales of EUR 345 million, Applications & Analytics net sales of EUR 424 million.
³Services net sales of EUR 2 184 million.

Segment information and eliminations (comparable combined company information, unaudited)

Q4'15	Ultra Broadband Networks ¹	IP Networks and Appli- cations ²	Networks business Total ³	Nokia Technologies	Group Common and Other	Elimi- nations	Nokia Total
EUR million	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS
Net sales	5 081	1 976	7 057	413	254	(4)	7 719
Cost of sales	(3 161)	(1 065)	(4 226)	(4)	(222)	4	(4 447)
Gross profit	1 920	911	2 830	409	32	0	3 272
% of net sales	37.8%	46.1%	40.1%	99.1%	12.5%		42.4%
Research and development expenses	(682)	(329)	(1 011)	(73)	(77)	0	(1 161)
% of net sales	13%	17%	14%	18%	30%		15%
Selling, general and administrative expenses	(552)	(209)	(761)	(33)	(58)	0	(852)
% of net sales	11%	11%	11%	8%	23%		11%
Other income and expenses	16	23	39	7	(25)	0	20
Operating profit	702	396	1 097	311	(129)	0	1 279
% of net sales	13.8%	20.0%	15.6%	75.2%	(50.7)%		16.6%
¹Mobile Networks net sales of EUR 4 382, Fixed Networks net sales of EUR 698 million.
²IP Networks net sales of EUR 930 million, Optical Networks net sales of EUR 512 million, Applications & Analytics net sales of EUR 535 million.
³Services net sales of EUR 2 500 million.

Segment information and eliminations (comparable combined company information, unaudited)

Q1-Q4'15	Ultra Broadband Networks ¹	IP Networks and Appli- cations ²	Networks business Total ³	Nokia Technologies	Group Common and Other	Elimi- nations	Nokia Total
EUR million	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS
Net sales	18 079	6 555	24 634	1 074	921	(24)	26 606
Cost of sales	(11 669)	(3 696)	(15 365)	(10)	(813)	24	(16 164)
Gross profit	6 410	2 859	9 269	1 064	108	0	10 441
% of net sales	35.5%	43.6%	37.6%	99.0%	11.8%		39.2%
Research and development expenses	(2 655)	(1 258)	(3 914)	(270)	(284)	0	(4 468)
% of net sales	15%	19%	16%	25%	31%		17%
Selling, general and administrative expenses	(2 078)	(770)	(2 848)	(109)	(219)	0	(3 175)
% of net sales	11%	12%	12%	10%	24%		12%
Other income and expenses	(20)	9	(11)	7	93	0	89
Operating profit	1 656	840	2 496	692	(301)	0	2 887
% of net sales	9.2%	12.8%	10.1%	64.4%	(32.7)%		10.8%
¹Mobile Networks net sales of EUR 15 694 million, Fixed Networks net sales of EUR 2 385 million.
²IP Networks net sales of EUR 3 211 million, Optical Networks net sales of EUR 1 584 million, Applications & Analytics net sales of EUR 1 760 million.
³Services net sales of EUR 9 026 million.

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NET SALES BY GEOGRAPHIC AREA (comparable combined company information, unaudited)

NOKIA'S NETWORKS BUSINESS
EUR million	Q1'15	Q2'15	Q3'15	Q4'15	Q1-Q4'15
Asia-Pacific	1 155	1 033	1 080	1 198	4 465
Europe	1 242	1 364	1 374	1 617	5 597
Greater China	604	707	895	916	3 122
Latin America	320	421	431	594	1 766
Middle East & Africa	443	539	507	596	2 085
North America	1 899	1 831	1 733	2 136	7 599
Total	5 662	5 895	6 020	7 057	24 634

Segment information and eliminations (Nokia standalone historicals, unaudited)

Q1'15	Ultra Broadband Networks ¹	IP Networks and Appli- cations ²	Networks business Total ³	Nokia Techno- logies	Group Common and Other	Elimi- nations	Nokia Total	Non-IFRS exclu- sions ⁴	Nokia Total
EUR million	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS	non-IFRS
Net sales	2 355	317	2 671	267	0	(4)	2 935	0	2 935
Cost of sales	(1 556)	(194)	(1 750)	(2)	(1)	4	(1 749)	(2)	(1 751)
Gross profit	799	122	922	265	(1)	0	1 186	(2)	1 184
% of net sales	33.9%	38.7%	34.5%	99.3%			40.5%		40.4%
Research and develop- ment expenses	(383)	(75)	(458)	(58)	(19)	0	(536)	(7)	(543)
% of net sales	16%	24%	17%	22%			18%		19%
Selling, general and admin- istrative expenses	(277)	(67)	(344)	(21)	(18)	0	(383)	(10)	(393)
% of net sales	12%	21%	13%	8%			13%		13%
Other income and expenses	(6)	(3)	(9)	1	(11)	0	(19)	0	(19)
Operating profit	133	(22)	111	186	(49)	0	248	(20)	228
% of net sales	5.7%	(7.0)%	4.2%	69.6%			8.5%		7.8%
¹Mobile Networks net sales of EUR 2 317 million, Fixed Networks net sales of EUR 38 million.
²IP Networks net sales of EUR 136 million, Applications & Analytics net sales of EUR 180 million.
³Services net sales of EUR 1 266 million.
⁴Non-IFRS measures exclude goodwill impairment charges, intangible asset amortization and items related to purchase price allocation, as well as restructuring-related costs, costs related to the Alcatel-Lucent transaction and certain other items that may not be indicative of the Group's underlying business.

Segment information and eliminations (Nokia standalone historicals, unaudited)

Q1-Q4'15	Ultra Broad- band Net- works ¹	IP Net- works and Appli- cations ²	Net- works busi- ness Total ³	Nokia Techno- logies	Group Common and Other	Elimi- na- tions	Nokia Total	Non- IFRS exclu- sions ⁴	Nokia Total
EUR million	non- IFRS	non- IFRS	non- IFRS	non- IFRS	non- IFRS	non- IFRS	non- IFRS
Net sales	10 158	1 328	11 486	1 027	0	(15)	12 499	0	12 499
Cost of sales	(6 353)	(652)	(7 005)	(7)	0	15	(6 998)	36	(6 962)
Gross profit	3 805	676	4 481	1 020	0	0	5 501	35	5 536
% of net sales	37.5%	50.9%	39.0%	99.3%			44.0%		44.3%
Research and develop- ment expenses	(1 470)	(269)	(1 739)	(220)	(84)	0	(2 042)	(38)	(2 080)
% of net sales	14%	20%	15%	21%			16%		17%
Selling, general and admi- nistrative expenses	(1 147)	(274)	(1 421)	(108)	(97)	0	(1 626)	(144)	(1 771)
% of net sales	11%	21%	12%	11%			13%		14%
Other income and expenses	22	4	26	7	92	0	126	(114)	12
Operating profit	1 210	138	1 349	698	(89)	0	1 958	(261)	1 697
% of net sales	11.9%	10.4%	11.7%	68.0%			15.7%		13.6%
¹Mobile Networks net sales of EUR 10 022 million, Fixed Networks net sales of EUR 136 million.
²IP Networks net sales of EUR 514 million, Applications & Analytics net sales of EUR 813 million.
³Services net sales of EUR 5 424 million.
⁴Non-IFRS measures exclude goodwill impairment charges, intangible asset amortization and items related to purchase price allocation, as well as restructuring-related costs, costs related to the Alcatel-Lucent transaction and certain other items that may not be indicative of the Group's underlying business.

Accounting reclassifications and accounting policy alignments

Q1'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS	Accounting reclassifications and accounting policy alignments	Eliminations	Total Nokia non-IFRS
Q1'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS		Eliminations	Total Nokia non-IFRS
Net sales	2 935	3 235	(33)	(8)	6 129
Cost of sales	(1 769)	(2 116)	12	8	(3 865)
Gross profit	1 165	1 119	(20)	0	2 264
Research and development expenses	(547)	(609)	(9)	0	(1 165)
Selling, general and administrative expenses	(353)	(428)	7	0	(774)
Other income and expenses	(19)	-	(30)	0	(49)
Operating profit	246	82	(52)	0	276

Q2'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS	Accounting reclassifications and accounting policy alignments	Eliminations	Total Nokia non-IFRS
Q2'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS		Eliminations	Total Nokia non-IFRS
Net sales	2 919	3 450	(1)	(5)	6 363
Cost of sales	(1 637)	(2 248)	12	5	(3 868)
Gross profit	1 282	1 202	11	0	2 495
Research and development expenses	(516)	(591)	(11)	0	(1 118)
Selling, general and administrative expenses	(386)	(436)	21	0	(801)
Other income and expenses	114	-	(40)	0	74
Operating profit	494	175	(20)	0	649

Q3'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS	Accounting reclassifications and accounting policy alignments	Eliminations	Total Nokia non-IFRS
Q3'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS		Eliminations	Total Nokia non-IFRS
Net sales	3 036	3 429	(64)	(6)	6 395
Cost of sales	(1 738)	(2 247)	(5)	6	(3 984)
Gross profit	1 297	1 182	(69)	0	2 410
Research and development expenses	(484)	(548)	8	0	(1 024)
Selling, general and administrative expenses	(358)	(422)	32	0	(748)
Other income and expenses	20	-	24	0	44
Operating profit	475	212	(5)	0	682

Q4'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS	Accounting reclassifications and accounting policy alignments	Eliminations	Total Nokia non-IFRS
Q4'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS		Eliminations	Total Nokia non-IFRS
Net sales	3 609	4 161	(47)	(4)	7 719
Cost of sales	(1 936)	(2 521)	6	4	(4 447)
Gross profit	1 673	1 640	(41)	0	3 272
Research and development expenses	(541)	(603)	(17)	0	(1 161)
Selling, general and administrative expenses	(410)	(477)	35	0	(852)
Other income and expenses	11	-	9	0	20
Operating profit	734	560	(15)	0	1 279

Q1-Q4'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS	Accounting reclassifications and accounting policy alignments	Eliminations	Total Nokia non-IFRS
Q1-Q4'15 EUR million	Nokia historical non-IFRS	Alcatel-Lucent historical non-IFRS		Eliminations	Total Nokia non-IFRS
Net sales	12 499	14 275	(144)	(24)	26 606
Cost of sales	(7 081)	(9 132)	25	24	(16 164)
Gross profit	5 418	5 143	(120)	0	10 441
Research and development expenses	(2 088)	(2 351)	(29)	0	(4 468)
Selling, general and administrative expenses	(1 507)	(1 763)	95	0	(3 175)
Other income and expenses	126	-	(37)	0	89
Operating profit	1 949	1 029	(91)	0	2 887