Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
mobile phone profitability exceeding all expectations. The strong bottom line in
leadership. Based on Nokia's preliminary research for the first quarter 2002, we
mobile phone market, in line with our long-term 40% share target.
than-expected 2G investments in China and Europe, and we were unable to meet our
first-quarter Nokia Networks sales estimates. However, the operating margin at
Nokia Networks was as forecast, thanks to streamlining measures taken last year
in this business. The transition to 3G is expected to positively impact sales in
our networks business as we go into the second half of the year, and we believe
we are on track to achieving our 35% targeted share of the overall mobile
infrastructure market in the long-term.
This is a year of renewal for our industry. Key enablers for new products and
services are in place but at different stages of maturity and market
penetration. We see multimedia messaging as the main driver in the current
technology shift, with the majority of mobile devices in our product plan for
next year being MMS-enabled.
Nokia is working actively for industry renewal with a continuous flow of new
products supporting a range of technologies. In the first half of this year
alone, we plan to ship more models than in the whole of 2001, driving new mobile
applications and services.
This year will also mark the start of 3G, another key component of industry
renewal, with the transition from 2G to 3G likely to span several years. We are
preparing for the launch of our first 3G mobile device in the third quarter and
are committed to having the very first Nokia-delivered 3G network in operation
during September 2002.
Over the next few years, mobility will be the major technology and lifestyle
driver. A large part of personal and professional communications will be in a
wireless environment with a personal mobile device as the medium. Given Nokia's
solid financials, clear market leadership and long record of success in the
realm of mobility, we continue to anticipate far-reaching growth opportunities
as this industry unfolds.
It should be noted that certain statements herein which are not historical
facts, including, without limitation those regarding A) the timing of product
deliveries; B) our ability to develop and implement new products and
technologies; C) expectations regarding market growth and developments; D)
expectations for growth and profitability; and E) statements preceded by
"believe," "expect," "anticipate," "foresee" or similar expressions, are
foreward-looking statements. Because these statements involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) developments in the mobile communications market including
the continued development of the replacement market and the Company's success in
the 3G market; 2) demand for products and services; 3) market acceptance of new
products and service introductions; 4) the availability of new products and
services by operators; 5) weakened economic conditions in many of the Company's
principal markets; 6) pricing pressures; 7) intensity of competition; 8) the
impact of changes in technology; 9) consolidation or other structural changes in
the mobile communications market; 10) the success and financial condition of
the Company's partners, suppliers and customers; 11) the management of the
Company's customer financing exposure; 12) the continued success of product
development by the Company; 13) the continued success of cost-efficient,
effective and flexible manufacturing by the Company; 14) the ability of the
Company to source component production and R&D without interruption and at
acceptable prices; 15) inventory management risks resulting from shifts in
market demand; 16) fluctuations in exchange rates, including, in particular, the
fluctuations in the euro exchange rate between the US dollar and the Japanese
yen; 17) impact of changes in government policies, laws or regulations; 18) the
risk factors specified on pages 10 to 16 of the Company's Form 20-F for the year
ended December 31, 2000.
NOKIA
Helsinki, April 18, 2002
For more information:
Lauri Kivinen, Corporate Communications, tel. +358 7180 34495
Ulla James, Investor Relations, tel. +1 972 894 4880
Antti Räikkönen, Investor Relations, tel. +358 7180 34290
http://www.nokia.com- Nokia plans a mid-quarter update on June 11, 2002.
- Results announcements for 2Q and 3Q, 2002 are planned for July 18 and
October 17, respectively.
--------------------------------------------------
WKN:
870737; ISIN:
FI0009000681; Index:
Listed: Amtlicher Handel in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart
mfg wikinger 
