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NOK » Topics » material costs and royalty income as well as changes in product mix offset to a large extent by unfavorable changes in foreign exchange rates.

This excerpt taken from the NOK 6-K filed Jan 28, 2010.

material costs and royalty income as well as changes in product mix offset to a large extent by unfavorable changes in foreign exchange rates.

 

Devices & Services reported operating profit increased 59% to EUR 1.2 billion, compared with EUR 766 million in the fourth quarter 2008, with a reported operating margin of 14.9% (9.4%). Devices & Services non-IFRS operating profit increased 28% to EUR 1.3 billion, compared with EUR 983 million in the fourth quarter 2008, with a non-IFRS operating margin of 15.4% (12.1%). The 28% year on year increase in non-IFRS operating profit for the fourth quarter 2009 was driven primarily by lower operating and other expenses.

 

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