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]]>Outokumpu Group headquarters relocates from Espoo to Helsinki
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]]>The post Jorg Erlemeier appointed Integration Planning Head appeared first on Core Sector Communique.
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Espoo, Finland – Nokia today announced the appointment of Jorg Erlemeier as the Integration Planning Head for the integration of Nokia and Alcatel-Lucent to follow the proposed combination of the two companies. Erlemeier will establish an Integration Steering Board that will provide the structure, processes and working team needed to set up the required plans for the combined company. In this role, which will take effect immediately, he will report to Nokia President and CEO, Rajeev Suri.
“With a strong leader like Jorg in place, we can have confidence that the right integration planning will be underway, leaving the vast majority of the people in Nokia able to keep their attention where it matters: on our customers and our business performance,” said Suri.
Erlemeier currently leads Global Services in Nokia Networks’ Europe market. He has a proven track record in the telecommunications industry with more than 20 years of experience, and joined Nokia in 1994.
About Nokia
Nokia invests in technologies important in a world where billions of devices are connected. We are focused on three businesses: network infrastructure software, hardware and services, which we offer through Nokia Networks; location intelligence, which we provide through HERE; and advanced technology development and licensing, which we pursue through Nokia Technologies. Each of these businesses is a leader in its respective field. http://company.nokia.com
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]]>The post Nokia brings new innovations to design and imaging with six new devices, applications and experiences appeared first on Core Sector Communique.
]]>Nokia’s latest family of products builds upon industry leading design, advanced camera features and unique applications and experiences to make life easier and more funNews at-a-glance:
– Designed to work anywhere, Nokia’s first Windows tablet, the Lumia 2520, offers combined LTE and Wi-Fi connectivity and is designed to deliver the best outdoor and indoor readability.
– The award-winning Lumia design comes to 6-inch screens with the Lumia 1520 and Lumia 1320. The larger format offers a new column of live tiles for easier and faster access to apps and experiences.
– The Asha 500, Asha 502 and Asha 503 introduce a new crystal-clear design, smarter camera and a faster and more intuitive user interface.
– New accessories from Nokia complement mobile lifestyles, from power keyboards to wireless charging.
– Nokia app innovation continues with Nokia Storyteller, Beamer and Video Director.
– New third-party applications including Instagram, WhatsApp, Papyrus, Vine among others.
Espoo, Finland and Abu Dhabi, UAE – Today at Nokia World: Abu Dhabi, Nokia unveiled six new devices alongside new accessories, Nokia experiences and third-party developer applications. Nokia introduced its first ever Windows tablet, the Nokia Lumia 2520, and launched a portfolio of large screen Lumia smartphones: the Lumia 1520 and 1320. Three new Asha models – including the first 3G device in the Asha Platform family of smartphones – deliver industry leading design, new vibrant colors and a more intuitive user interface, all at an accessible price. Building on Nokia’s industry-leading innovation in imaging, the latest range of Lumia and Asha products enables people to capture and share the world around them like never before. Nokia also showed new accessories to make life easier and more fun, and announced an array of new Nokia and third-party applications which enhance the Asha and Lumia experience.
“Now more than ever, mobile devices are at the center of consumers’ lives as they look to capture, curate and share experiences on the go,” said Stephen Elop, Executive Vice President, Devices & Services at Nokia. “Today we’re inviting people around the world to switch to Nokia. With our latest range of Lumia and Asha products, we’re delivering industry leading design and imaging innovation to bigger devices at more accessible prices. The quality and value that Nokia products deliver continues to grow as we partner with developers to introduce app experiences that are unique to Lumia and Windows Phone. And clearly, with Lumia and Asha smartphones enjoying quarter-on-quarter volume growth in Q3 2013, that quality and value is resonating with consumers around the world.”
Bringing Lumia innovation to Nokia’s first-ever Windows tablet – the Lumia 2520
Nokia’s first Windows tablet, the Lumia 2520, is designed to work anywhere, with a vivid 10.1-inch HD display that is designed to provide the best outdoor and indoor readability of any tablet. Building on Nokia’s rich mobility heritage, the Lumia 2520 combines both 4G LTE and Wi-Fi connectivity, a 6.7MP camera, and for the first time ever on a tablet, ZEISS optics, letting people take beautiful pictures – even in low light. The Lumia 2520 runs on Windows RT 8.1 for a highly personal and easy to navigate experience, and also features multiple color choices and fast-charging capability – providing up to an 80% charge in one hour.
The Lumia 2520 also comes with a number of unique software experiences that are exclusive to the Lumia family, including the exclusive “Dragons Adventure” interactive game developed in partnership with DreamWorks Animation. Additionally, the Lumia 2520 includes Nokia Storyteller, a Nokia developed application that introduces a new way to curate and relive images and videos as a story on a map, as well as Nokia Video Director, which offers the ability to edit and get even more creative with videos shot on the Lumia 2520 – as well as content from Lumia smartphones. With integrated HERE Maps, the Lumia 2520 is the only tablet with true offline maps for a fast and reliable maps experience. The tablet also includes an exclusive version of Nokia Music with Mix Radio preinstalled.
The Lumia 2520 pairs with a unique and stylish accessory which offers a great set of benefits: the Nokia Power Keyboard. Offering up to five extra hours of battery life and two built-in USB ports, the Nokia Power Keyboard makes battery life worries a thing of the past. A protective and wraparound cover, the Nokia Power Keyboard includes a fully functional keypad with gesture trackpad, so typing feels as natural as on a laptop. With Microsoft Office and Outlook preinstalled, getting more done on the go is easier than ever.
The Nokia Lumia 2520 will be available in red and white in a glossy finish as well as cyan and black in a matte finish, and is expected to start shipping in Q4 2013 with an estimated price of USD499 before taxes or subsidies. Initial roll out is to begin broadly in the U.S. as well as the U.K and Finland, with additional countries to follow shortly after. The Nokia Power Keyboard will be available alongside the Lumia 2520 at the recommended price of USD149.
Read more about the Nokia Lumia 2520 on Nokia Conversations.
Bring your stories to life with the Nokia Lumia 1520 and Lumia 1320
Continuing to redefine smartphone innovation, Nokia introduces its first ever large screen Lumia smartphones, the Lumia 1520 and Lumia 1320. With a six inch screen and the latest software advancements for Windows Phone, the Lumia 1320 and Lumia 1520 are perfectly suited for entertainment and productivity. A new third column of tiles on the home screen means people can see and do more on a larger screen. Bringing larger displays to the award-winning Lumia design, the new format is coupled with some of the most advanced camera innovations so people can capture and share the world around them.
The Lumia 1520 offers the latest imaging innovation from Nokia – a 20MP PureView camera with optical image stabilization (OIS) enabling sharp images even in the dark as well as oversampling and zooming technology similar to the Lumia 1020. In addition to the new Nokia Camera and Nokia Storyteller applications, the Lumia 1520 offers a 6-inch screen and a vivid 1080p full HD display for outstanding outdoor readability. People can bring their videos to life with Nokia Rich Recording, an unparalleled audio capture using four built-in microphones. With Microsoft Office built in, documents can be edited and shared easily for maximum productivity.
The Lumia 1320 features many high-end Lumia innovations on a large 6-inch 720p display and extends the Nokia Camera app to another price range. With a range of imaging apps available, the Lumia 1320 comes with Nokia Music for free streaming of ad-free music and HERE maps and location services, so people can experience the most popular Lumia experiences at a more accessible price.
The Nokia Lumia 1520 will be available in yellow, white, black and glossy red. It is expected to start shipping in Q4 2013, with an estimated price of USD749 before taxes and subsidies in Hong Kong, Singapore, U.S., China, U.K., France, Germany, Finland and other European markets, with other markets to follow.
The Nokia Lumia 1320 will be available in orange, yellow, white, and black and is expected to start shipping in Q1 2014 with an estimated price of USD339 before taxes and subsidies in China and Vietnam, followed by other Asian markets, India and Europe.
Read more about the Nokia Lumia 1520 and the Nokia Lumia 1320 on Nokia Conversations.
The Nokia Asha 500, Asha 502 and Asha 503 combine beautiful design with a richer mobile experience
The newest additions to the Asha Platform family of devices – the Nokia Asha 500, Asha 502 and Asha 503 – join the already successful Asha 501 in pushing the boundaries of affordable smartphone innovation. All three handsets build on Nokia’s renowned design and feature a new crystal-clear look; a fusion of ice-like transparency and bold inner color encases each phone to make it both elegant and more durable. Support for 3G is available on the Asha 503, which also includes a 5MP camera and comes with a Dual SIM option.
The Nokia Asha 500, Asha 502 and Asha 503 include new enhancements to the Asha Platform for even more intuitive navigation. The new Asha user interface enables faster and easier sharing of images on social networks, with one easy swipe to access the camera and one touch to post. Fastlane gives people a second home screen for quick access to frequently used apps and deeper integration with their favourite social networks. Knowing how important free messaging is to people, WhatsApp will be available for the Nokia Asha 501 and is to arrive later in the year for the new Asha devices.
The Nokia Asha 500, Asha 502 and Asha 503 will be available in bright red, bright green, yellow, cyan, white and black, and are planned to start shipping in Q4 2013.
The Nokia Asha 500 features a 2.8-inch screen, 2MP camera and comes in single SIM and Easy Swap Dual SIM variants. It is expected to be available in Africa, Asia-Pacific, Europe, Latin America and the Middle East with an estimated price of USD69 before taxes or subsidies.
The Nokia Asha 502 features a 3-inch screen, a 5MP camera with LED flash and Easy Swap Dual-SIM. The estimated price before taxes or subsidies starts at USD89 in Africa, Asia-Pacific, Europe and Middle East.
The Nokia Asha 503 features 3.5G connectivity, a 3-inch screen, 5MP camera with LED flash, Corning Gorilla Glass 2 and comes in single SIM and Easy Swap Dual SIM variants. The estimated price before taxes or subsidies is USD99 in Africa, Asia-Pacific, Europe, Latin America and the Middle East.
Read more about the Nokia Asha 500, Nokia Asha 502 and Nokia Asha 503 on Nokia Conversations.
Innovation enhanced through applications
People can get the most from Nokia’s latest Lumia portfolio through a new selection of applications including:
– Nokia Video Director – create, edit and share customized videos direct from the Lumia 2520.
– Nokia Beamer – share experiences and ideas easily and instantly with friends or colleagues by projecting your phone screen to any HTML5 enabled screen; this includes documents, maps, location details, or even the camera viewfinder.
– Nokia Storyteller – automatically integrates your pictures from your phone with HERE location information and collates a chronological picture journey on a map.
– DreamWorks Animation’s Dragons Adventure – an exclusive experience for the Lumia 2520 which keeps the whole family entertained.
– Instagram – the photo and video sharing community.
– Papyrus and InNote – handwriting note-taking apps.
– Vine – a popular video service.
The Asha ecosystem is also growing with more applications available including the popular messaging applications WhatsApp and Line; photo applications PicFeed and PicTag; and ESPN Sports Hub.
For more information on the new developer offerings, including the many applications which become available to Lumia and Asha users for the first time today, visit: developer.nokia.com and conversations.nokia.com.
Wireless charging goes portable
Nokia has also introduced a portable wireless charging plate that makes charging easier and faster, and lets people wirelessly charge a smartphone anytime, anywhere. Supporting the Qi wireless standard, the Nokia DC-50 is compatible with Nokia Lumia devices supporting wireless charging, such as the Lumia 1520, Lumia 1020, Lumia 925, and Lumia 920.
The Nokia DC-50 is expected to be available globally in Q4 at an estimated price of USD99.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
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]]>The Nokia 108 and Nokia 108 Dual SIM – Capture, Share and PlayEspoo, Finland – Nokia today unveiled two new ultra-affordable camera phones: the Nokia 108 and the Nokia 108 Dual SIM. Perfect for people purchasing their first-ever camera phone, the new handsets offer more than just calls and texts. The Nokia 108 also lets people take pictures and record video, helping them capture life’s important moments with an attractively-priced device. With Nokia’s Slam technology on board, content can be shared faster and more easily with friends and family via Bluetooth. Support for up to 32GB of external memory ensures there’s plenty of space to store people’s most cherished content.
The Nokia 108 delivers new mobile experiences without the huge price tag. In addition to a built-in VGA camera, the Nokia 108 also features an integrated MP3 player, FM radio, Snake the game, multiple alarms and flashlight for staying entertained and productive while on-the-go. With exceptional battery life of up to 31 days’ standby when using the single SIM Nokia 108, people will also be able to enjoy the phone for longer.
The Nokia 108 extends the Nokia design story with its softly rounded corners and raised island keys, making it a pleasure to use. Available in Nokia’s signature red, white, black, yellow and cyan, the colorful back covers are also removable. Made with Nokia’s renowned quality and attention to detail, the Nokia 108 gives people an outstanding introduction to mobile technology at a great price, and makes staying in touch with friends and family more fun and enjoyable.
“We continue to connect millions of people, including those for whom mobile phone ownership was previously out of reach,” said Timo Toikkanen, executive vice president, Mobile Phones, Nokia. “There remains a huge segment of the global population that has yet to own a camera phone. For the next billion people and beyond, we aim to bring new mobile experiences to ever-lower price points, and the Nokia 108 and Nokia 108 Dual SIM are great examples of this commitment.”
Great value as a first mobile or back-up phone
The Nokia 108 and Nokia 108 Dual SIM are great value, beautifully designed handsets for calls, texts and on-the-go entertainment including photos, Snake, music and video. With expandable storage of up to 32GB, people can store thousands of images, music tracks and hundreds of videos. With standby time of up to 31 days for the Nokia 108 and up to 25 days for the Nokia 108 Dual SIM, they also make for highly reliable back-up phones for occasional or emergency use. The Dual SIM variant enables people to select which SIM card to use when making a call or sending a text message, helping them manage costs and maintain network coverage on-the-go, without the need to use several phones.
The Nokia 108 and Nokia 108 Dual SIM have a recommended retail price of just 29 USD, excluding taxes and subsidies. Available colors include red, white and black at launch, with yellow and cyan to follow. The Nokia 108 and the Nokia 108 Dual SIM are expected to start shipping in Q4 this year.
Read more about the Nokia 108 and Nokia 108 Dual SIM on Nokia Conversations.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
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]]>The post Nokia Lumia is a recipe for success in Britvic Soft Drinks appeared first on Core Sector Communique.
]]>Espoo, Finland – Britvic Soft Drinks, one of the UK’s leading soft drinks companies, has chosen the Nokia Lumia as the business smartphone for its employees, replacing devices and services from BlackBerry. Britvic is now halfway through a rollout of 800 Nokia Lumia 720 smartphones.As the owner of iconic brands including Robinsons, Tango and J20, as well as being the exclusive bottler in Great Britain for global brands such as Pepsi and 7UP, Britvic Soft Drinks needs to ensure its people can have fast and easy access to the company’s systems wherever they are so that they can meet the needs of their customers.
A key factor in Britvic’s switch to Lumia is the Windows Phone 8 platform and its easy synchronisation with the company’s existing Microsoft systems, including Microsoft Exchange email and Microsoft SharePoint, as well as enabling them to access and edit Microsoft Office documents even when they are out of the office.
“We were looking for a business smartphone that could easily integrate with our existing Microsoft infrastructure,” said John Armstrong, Head of IT Shared Services at Britvic. “Nokia Lumia and the Windows Phone fit the bill perfectly, allowing our people to do much more than just check their email and make calls. The training Nokia offered our staff has meant they were quickly up and running with the devices, and Windows Phone 8 gives a consistent interface which is simpler to support.”
The Nokia Lumia 720 also features a 6.7 megapixel camera with great low light performance, which means that Britvic staff visiting stores and warehouses can quickly capture high-quality images that can easily be shared with colleagues.
Nokia Lumia also offers HERE Drive turn-by-turn navigation to help Britvic’s sales teams find the best route to their next meeting, as well as HERE Maps with LiveSight to identify other potential outlets in the neighbourhood, wherever they happen to be.
Adrian Williams, director of Business Sales UK at Nokia, said “We’re delighted that Britvic has made the switch to Nokia Lumia. Combining sleek design with the most popular apps, it’s easy to see why Nokia Lumia is the best business smartphone.”
Nokia for Business
The Nokia Lumia range offers business users a true Microsoft Outlook and Office experience out-of-the-box. With the Windows 8 platform, Microsoft Office and Outlook are built in allowing employees to open, edit and share PowerPoint, Excel and Word documents and synchronise changes without losing the original formatting. Combined with a design that stands out, business class navigation, security that’s fit for business, and a range of Qi standard wireless charging solutions, the Nokia Lumia is the best smartphone for businesses.
For more information, visit www.nokia.com/global/business.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
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]]>The post Outokumpu – Good progress on synergies, cost saving and ferrochrome offset by weak market and disappointing progress in Americas appeared first on Core Sector Communique.
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Developments in the second quarter 2013
In line with guidance, the second quarter 2013 showed flat underlying EBIT losses versus the first quarter 2013 in a challenging environment with a continuously falling nickel price leading to lower deliveries and lower margins.
- During the second quarter of 2013, global demand was up by 3.8%, but the stainless steel demand in the important EMEA region declined by 1.9% compared to Q1 2013. European stainless steel base prices decreased by 4% and the average nickel price declined by 14%. The first half of 2013 showed a year-on-year flat stainless steel demand in EMEA region of 3,645 tonnes (H1 2012: 3,663 tonnes).
- During the second quarter of 2013, Outokumpu’s stainless steel external deliveries declined by 7% compared to Q1 2013 and reached 656,000 tonnes (Q1 2013: 703,000 tonnes). In the first half of 2013 the group achieved deliveries of 1,359,000 tonnes, down by 8% compared to the first half 2012 (H1 2012: 1,478,000 tonnes).
- The underlying EBIT for the second quarter 2013 was EUR -80 million (Q1 2013:
EUR -77 million). Losses were mainly driven by overall lower deliveries, the continued decline of the nickel price and the weak performance of the Americas operations. As a result of the continued weakness, the first half of 2013 underlying EBIT was EUR -157 million compared to the first half of 2012 with EUR -93 million. - Including non-recurring items of EUR -46 million (Q1 2013: EUR -2 million) and raw material-related inventory effects of EUR -38 million (Q1 2013: EUR -3 million), the EBIT was EUR -164 million for the second quarter 2013 (Q1 2013: EUR -82 million). For the first half 2013 non-recurring items were EUR -47 million (H1 2012: EUR -150 million) and raw material-related inventory effects were EUR -41 million (H1 2012: EUR -5 million) with an overall EBIT of EUR -246 million (H1 2012: EUR -248 million). The non-recurring items in H1 2013 mainly related to ongoing restructuring activities and headcount reductions as well as the settlement paid for the Carrier legal case.
- Operating cash flow was negative at EUR -160 million (Q1 2013: EUR -46 million) mainly driven by the negative EBITDA and increase in working capital. For the first half of 2013 cash flow was EUR -206 million compared to EUR 139 million in the first half of 2012.
- Net interest-bearing debt increased to EUR 3,041 million (March 31, 2013: EUR 2,891 million), leading to a gearing of 120.6% (March 31, 2013: 103.3%).
Update on Terni
The Terni divestiture continues with an extended time frame that the European Commission has granted. Discussions continue with a number of interested parties. In addition, Terni has instigated both cost saving and working capital management programs, each in the range of EUR 70 million, to improve Terni’s financial standing. Outokumpu is bound by a number of commercial obligations regarding the remedy assets during the divestment period, including continued sourcing of stainless steel from Terni by Outokumpu’s BA Americas. Outokumpu is working intensively to complete the divestment and targets to sign a transaction during the second half of the year.
Business outlook for the third quarter of 2013
Outokumpu lowers its expectation of improvements in underlying EBIT during the second half of 2013. This is due to the continued deterioration of the nickel price, the weak market demand, especially in Europe, in a seasonally sluggish quarter and weaker performance of the Americas business.
For the third quarter, company expects the EBIT to be on approximately the same level as in the second quarter. This includes, at current metal prices, further raw material related timing losses and further non-recurring items associated with Group’s ongoing restructuring programs. The underlying EBIT is expected to be worse than in the second quarter.
Note: This report contains comparisons to both Outokumpu stand alone as well as comparable figures for the combined entity based on management estimates. Tables that are marked as ‘comparable’ show the combined entity comparisons. In the text itself only comparable numbers are stated and analyzed.Terni is reported as a discontinued operation.
| Group key figures, comparable | ||||||
| II/13 | I/13 | II/12 | 2012 | |||
| Sales | EUR million | 2,064 | 2,221 | 2,551 | 9,458 | |
| EBITDA | EUR million | -72 | 12 | -91 | -176 | |
| Adjustments to EBITDA 1) | EUR million | 84 | 5 | 108 | 203 | |
| Underlying EBITDA | EUR million | 12 | 17 | 17 | 27 | |
| EBIT | EUR million | -164 | -82 | -190 | -692 | |
| Adjustments to EBIT 2) | EUR million | 84 | 5 | 118 | 344 | |
| Underlying EBIT | EUR million | -80 | -77 | -72 | -348 | |
| Result before taxes | EUR million | -228 | -140 | n/a | n/a | |
| Net result for the period from continuing operations | EUR million | -225 | -139 | n/a | n/a | |
| excluding non-recurring items | EUR million | -179 | -137 | n/a | n/a | |
| Net result for the period | EUR million | -250 | -152 | n/a | n/a | |
| Earnings per share | EUR | -0.12 | -0.07 | n/a | n/a | |
| excluding non-recurring items | EUR | -0.10 | -0.07 | n/a | n/a | |
| Return on capital employed | % | -11.7 | -5.8 | n/a | n/a | |
| excluding non-recurring items | % | -8.4 | -5.7 | n/a | n/a | |
| Net cash generated from operating activities, continuing oper. | EUR million | -160 | -46 | n/a | n/a | |
| Net interest-bearing debt at the end of period | EUR million | 3,041 | 2,891 | n/a | n/a | |
| Debt-to-equity ratio at the end of period | % | 120.6 | 103.3 | n/a | n/a | |
| Capital expenditure, continuing operations 3) | EUR million | 42 | 82 | 168 | 821 | |
| Stainless steel external deliveries, continuing oper. 4) | 1,000 tonnes | 656 | 703 | 720 | 2,786 | |
| Stainless steel base price 5) | EUR/tonne | 1,137 | 1,177 | 1,182 | 1,172 | |
| Personnel at the end of period, continuing operations, | ||||||
| excl. summer trainees 6) | 15,540 | 15,705 | 17,068 | 16,649 | ||
| 1) Non-recurring items, other than impairments; and inventory gains/losses, unaudited. | ||||||
| 2) Non-recurring items and inventory gains/losses, unaudited. | ||||||
| 3) Jan 1–Dec 31, 2012 includes acquisition-related finance leases and asset purchases of EUR 79 million, but excludes Inoxum acquisition of EUR 2,720 million. | ||||||
| 4) Excludes ferrochrome deliveries, includes high performance alloy deliveries. | ||||||
| 5) Stainless steel: CRU – German base price (2 mm cold rolled 304 sheet). | ||||||
| 6) On June 30, 2013 Group employed in addition some 700 summer trainees (June 30, 2012: some 800). | ||||||
Raw material-related inventory gains or losses
The realized timing gain or loss per tonne of stainless steel is estimated based on the difference between the purchase price and invoice price of each metal in EUR per tonne times the average metal content in stainless steel. The unrealized timing impact consists of the change in net realizable value ─ NRV during each quarter. If there is a significant negative change in metal prices during the quarter, inventories are written down to NRV at the end of the period to reflect lower expected transaction prices for stainless steel in the future. As this timing impact is expected to be realized in the cash flow of Outokumpu only after the raw material has been sold, it is referred to as being unrealized at the time of the booking.
CEO Mika Seitovirta:
“Outokumpu’s underlying result in the second quarter was in line with expectations but continued on a disappointing course. Our sales and profitability were negatively affected by the 20% decline in nickel price since beginning of the year, poor economic environment and challenges in our Americas operations. On the positive side, our ferrochrome operations and synergy cost savings efforts continued to progress ahead of plans. Our first half Ferrochrome production reached 209,000 tonnes boosting our confidence in reaching our full year production target of 400,000 tonnes. Inoxum acquisition-related synergy savings reached EUR 39 million during the first half, indicating that we will exceed our original target of EUR 50 million savings in 2013.
During the second half, we will continue to focus on achieving additional savings across all of our operations to mitigate the weak stainless steel market outlook. Our ongoing savings programs and synergies are expected to result in annual savings of approximately EUR 300 million by end of next year. We also have a clear action plan in place to improve our performance in our Americas operations. In terms of cash flow we continue to have strong focus on working capital management and minimization of capital investments in order to manage our balance sheet. The newly announced EUR 900 million revolving credit facility provides us with good flexibility in liquidity management.
I expect the second half of 2013 to continue to be challenging for Outokumpu given the weak economic outlook. We are only six months into operations of new Outokumpu and the headwinds of the market are not making it easier to execute the transformation of the company. However, we have seen the positive results of the restructuring we started in the old Outokumpu context two years ago and now we will do the same transformation for the new Outokumpu. I am confident that our ongoing strategic restructuring and growth initiatives will bear fruit in the coming 18 months.”
Outokumpu Group
Outokumpu is the global leader in stainless steel and high performance alloys. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 16 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com
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]]>The post Fun, Fast and Affordable: Nokia Unveils Lumia 625 appeared first on Core Sector Communique.
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Building on the award winning Nokia Lumia design, the Nokia Lumia 625 includes five brightly coloured changeable shells, which add to the Live Tile personalisation brought by Windows Phone 8.
The Nokia Lumia 625 also provides many innovations found in the recently announced flagship Nokia Lumia 1020. These include a range of integrated camera applications like Nokia Smart Camera, offering handy features like removing unwanted objects from pictures, and Nokia Cinemagraph, which turns photos into living memories with added movement.
“With our largest smartphone screen to date, the Nokia Lumia 625 is a perfect example of how Nokia is delivering leading smartphone innovation and experiences at every price point,” said Jo Harlow, executive vice president, Nokia Smart Devices.
Powered by the latest version of Windows Phone 8 and including the Nokia Lumia Amber update, the Nokia Lumia 625 delivers a richer and easier to use smartphone experience at a competitive price. Live Tiles update direct to the home screen, and People Hub makes it easy to stay connected with friends and family. Windows Phone 8 also includes Xbox Live, Microsoft Office, and 7GB of online SkyDrive storage to simply make life easier.
With access to more than 165,000 apps including Vimeo, Temple Run and WhatsApp, the Nokia Lumia 625 offers faster mobile fun, as well as safer surfing with Internet Explorer 10 – making it ideal for viewing videos, games, and other content. The Nokia Lumia 625 also offers SD memory card support, allowing up to 64GB of additional content storage.
Nokia Music provides unlimited streaming of ad-free mixes without registration or subscription, plus the ability to download mixes for listening offline with the Nokia Lumia 625. Nokia has also teamed with Coloud(TM) to create BOOM(TM) headphones that combine audio prowess with excellent value, and integrated microphone and buttons for voice calls and music control.
With its big screen and super-fast connectivity, the Nokia Lumia 625 offers leading maps and location experiences from HERE, providing free maps, turn-by-turn navigation and public transport guidance.
The Nokia Lumia 625 will be available in a range of colours including orange, yellow, bright green, white and black with an array of changeable shells enabling easy personalisation. With an estimated retail price of 220 Euros before taxes and subsidies, the Nokia Lumia 625 is planned to begin selling in China, Europe, Asia Pacific, India, Middle East, Africa and Latin America in Q3 2013.
| Nokia Lumia 625 | |
| Operating System | Windows Phone 8 |
| Display | 4.7 inch WVGA @ 201ppi with Sunlight Readability Enhancement, High Brightness Mode, Color Enhancement and Super Sensitive Touch |
| Battery | 2000 mAh |
| Processor | 1.2GHz, Dual Core |
| Camera | Main: 5MP Autofocus, LED flash ,1080p@30fps, VGA front facing camera |
| Memory | 512MB RAM8GB with support for up to 64GB SD card |
Read more about the Nokia Lumia 625 on Nokia Conversations.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
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]]>Espoo, Finland – Nokia has announced that Gi Group, a leading Italian multinational company dedicated to the human resources market, has chosen Nokia Lumia as its business smartphone, replacing BlackBerry. The company offers temporary employment, staff leasing, research and selection, executive search, outplacement, HR consulting and training in 19 countries around the world.Gi Group has already provided more than 800 employees in Italy with Nokia Lumia smartphones, including the eye-catching Nokia Lumia 925, the versatile Nokia Lumia 820 and the bright and bold Nokia Lumia 620, with plans to expand to all of the countries where the company operates.
The ability to seamlessly operate with Gi Group’s Microsoft Outlook mail and Microsoft Office applications was an important factor in the choice of Nokia Lumia, which is built on Microsoft’s Windows Phone 8 platform. Using Microsoft InTune, the company’s IT organization can manage the Nokia Lumia smartphones remotely, installing new apps and services and remotely wiping confidential and personal data if an employee’s smartphone is lost.
“Our people need to be able to connect with colleagues and access and edit Microsoft Office documents, wherever they happen to be,” said Barbara Cottini, HR manager at Gi Group. “They also need to access our customer relationship management systems as well as their professional social media networks without having to have a laptop with them at all times. Nokia Lumia offered us a unique way of doing this, with elegant, modern smartphones and a user experience that is immediately familiar.”
As a company which truly understands the importance of making a personal connection with employees, contractors and clients, Gi Group also values the ability to use Microsoft Lync for conference calling and is evaluating using Skype, together with the great cameras in Nokia Lumia, to enable video interviews with applicants when they cannot meet face to face.
Nokia Lumia also offers HERE Maps with LiveSight to help Gi Group people feel at home, wherever they happen to be as well as HERE Drive, with free, turn-by-turn navigation to help them get to their next meeting.
Paola Cavallero, general manager for Italy at Nokia said, “Gi Group is a great example of how Nokia Lumia enables smartphones to become an integral part of any company’s IT infrastructure, working seamlessly with their corporate systems and freeing their people to work effectively wherever they are.”
Nokia for Business
The Nokia Lumia range offers business users a true Microsoft Outlook and Office experience out-of-the-box. With the Windows 8 platform, Microsoft Office and Outlook are built in allowing employees to open, edit and share PowerPoint, Excel and Word documents and synchronise changes without losing the original formatting. Combined with a design that stands out, business class navigation, security that’s fit for business, and a range of Qi standard wireless charging solutions, the Nokia Lumia is the best smartphone for businesses. For more information, visit www.nokia.com/global/business.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
About Gi Group
Gi Group is the first Italian labour multinational company as well as one of the major global players in the sphere of services geared to labour market development. The Group operates in the following fields: temporary work, staff leasing, recruitment and selection, executive search, outplacement, training and HR consulting. At the beginning of 2007, Gi Group started to move on the international scene, and today it operates in 19 countries across Europe, America and Asia. At the end of 2010, it obtained an important acknowledgement, becoming Global Corporate Member of CIETT, the International Confederation of Private Employment Agencies. In 2012, it found a job for 160,000 individuals and served over 15,000 companies, with an overall turnover of 1,092 million euro. The Group counts 480 branches all over the world and over 2,400 employees. For more information, visit www.gigroup.com.
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Espoo, Finland and New York, NY – Today, Nokia established a new benchmark in smartphone imaging with the arrival of the Nokia Lumia 1020, boasting a second generation 41 megapixel sensor. Unlike any smartphone in the market today the Nokia Lumia 1020 reinvents zoom, enabling people to discover more detail than the eye can see. With Nokia’s innovative PureView technology, including optical image stabilization, the device is able to produce some of the sharpest images possible by any digital camera.This is made possible by leading hardware technology combined with a new application called Nokia Pro Camera, which makes it easy for anyone to take professional quality images. Either before a picture is taken or after it has been shot, the zoom capability enables people to discover and then rediscover the personal stories each image can tell. With a beautiful interface that visually demonstrates how settings will affect the final photo or video, Nokia Pro Camera makes it easier than ever to capture, edit and share photos and videos with unrivaled clarity.
Using a new feature called dual capture, the Nokia Lumia 1020 simultaneously takes a high resolution 38 megapixel image for endless editing opportunities, and creates a 5 megapixel picture that is easy to share to social networks with Windows Phone 8.
The Nokia Lumia 1020’s 41 megapixel sensor features leading ZEISS optics with six physical lenses, plus optical image stabilization, delivering crystal clear pictures even in low light conditions. It also captures blur free videos with stereo sound even at the loudest concerts thanks to Nokia Rich Recording, which handles sound pressure levels six times louder than conventional smartphone microphones.
“We want to take people on a journey from capturing pictures to recording and sharing their lives,” said Stephen Elop, President and CEO, Nokia. “The Nokia Lumia 1020 will bring new meaning to pictures and continues to strengthen Nokia’s leadership in imaging.”
Nokia also released a new imaging software development kit (SDK) that provides key image editing features of the Nokia Lumia 1020 to developers. The SDK is available today at developer.nokia.com with a number of developers including Vyclone, Yelp and CNN integrating these features into future releases.
Hipstamatic showcased Oggl PRO, an exclusive application for the Nokia Lumia 1020 offering the most advanced smartphone camera controls for their creative community. It was also announced that popular applications Vine, Path and Flipboard will soon be available on Windows Phone.
Adding further professional capabilities and additional battery life, Nokia announced the new Nokia Camera Grip. This is an accessory that complements device features usually reserved for stand-alone cameras, like the Nokia Lumia 1020’s built-in xenon flash and mechanical shutter. The Nokia Camera Grip also has a tripod mount, and is expected to be available this month for an estimated retail price of USD 79.
The personal nature of Windows Phone makes it the perfect platform for the Nokia Lumia 1020, showcasing live images on the Start screen with the Photos tile, quick sharing to social networks, and easy access to files across a number of devices with SkyDrive. With the dedicated camera button, Windows Phone is designed with imaging in mind.
To help people see what’s around them and discover new places to take photos, the latest developments in LiveSight will available in HERE Maps soon. The Nokia Lumia 1020 also comes with ad and subscription free Nokia Music streaming.
The Nokia Lumia 1020 will arrive first on U.S. shores exclusively with AT&T, with sales expected to start on July 26 at a price of USD 299.99 on a two-year contract.
The Nokia Lumia 1020 is then expected to arrive in China and key European markets this quarter. Nokia plans to ship an exclusive variant of the device with Telefonica to select European and Latin American markets. The Nokia Lumia 1020 will be available in yellow, white and black.
| Nokia Lumia 1020 | |
| Operating system | Windows Phone 8 |
| HERE location services | Free global HERE Maps and HERE Drive+; Free HERE Transit available in the Store |
| Display | 4.5″ AMOLED WXGA (1280×768), 2.5 D sculpted Corning Gorilla Glass 3, PureMotion HD+, ClearBlack, high brightness mode, sunlight readability, super sensitive touch, Nokia Glance Screen |
| Battery | 2000 mAh battery, wireless charging supported via cover |
| Processor | 1.5 GHz dual-core Snapdragon S4 |
| Main camera | PureView 41 MP with optical image stabilization, Resolution: 7712 x 5360. Includes Nokia Pro Camera. Xenon flash for still images, LED flash for video |
| Front facing camera | HD 1.2 MP wide angle |
| Memory | 2 GB RAM, 32 GB internal memory; 7 GB free SkyDrive cloud storage |
Read more about the Lumia 1020 on our product pages and at Nokia Conversations.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
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]]>The post Nokia to publish second quarter 2013 interim report on July 18, 2013 appeared first on Core Sector Communique.
]]>Espoo, Finland – Nokia will publish its second quarter 2013 interim report on Thursday, July 18, 2013 at approximately 1pm Finnish time (CET+1). The release will be made available on the Nokia website.Nokia’s analyst conference call will begin at 3pm Finnish time. A webcast of the conference call will be available at http://investors.nokia.com. Media representatives can view the webcast or listen in at +1 706 634 5012, conference ID 97005081.
Nokia publishes only a summary of its interim reports in stock exchange releases. The stock exchange releases include a link to the relevant complete interim report with tables in PDF-format. The complete second quarter 2013 interim report with tables will be available at http://www.results.nokia.com/results/Nokia_results2013Q2e.pdf. Investors should not rely on summaries of our interim reports only, but should review the complete interim reports with tables.
Additionally, the complete interim reports with tables will be available shortly after publication at http://www.nokia.com/financials, where you may also access our past quarterly and annual financial reports.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
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