March 25, 2004 - Nokia Annual General Meeting, Helsinki, Finland - Today at Nokia's Annual General Meeting (AGM), Nokia Chairman and CEO Jorma Ollila outlined how the transformation in the mobile communications industry, and Nokia's strategy and new organization position the company for the future. In his speech, Ollila also reviewed the 2003 annual results, Nokia's strategy, Nokia's compensation philosophy and proposals to the AGM.
"As a part of expanding mobility into the different areas of our lives, businesses and communities, Nokia launched a record 40 new mobile devices last year, and we expect to launch a similar number in 2004," said Jorma Ollila. "Our product portfolio will continue to be very competitive and will offer mobile devices that change the way we work, play and stay connected to the people and information that matter to us."
A convergence of the mobile communications, information technology and media industries is creating opportunities for Nokia to develop new products and services in the areas of mobile games, multimedia and enterprise solutions. Guided by the vision of 'Life Goes Mobile', Nokia sees that mobility will enable people to move about more freely and to bring their digital content and applications with them.
In 2004, Nokia's strategy continues to focus on three key activities: expand mobile voice, drive consumer mobile multimedia and bring extended mobility to the enterprise. "We have been following the trends in these markets for many years, and we shaped our strategy and business to establish a strong and visible presence," said Ollila. "Increasing data traffic and the readiness of people to use their mobile devices for different tasks suggest that the multimedia and enterprise solutions markets offer new business opportunities."
The full text of Jorma Ollila's AGM speech will be available at www.nokia.com/press.
It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding: the timing of product and solution deliveries; our ability to develop, implement and commercialize new products, solutions and technologies; expectations regarding market growth, developments and structural changes; expectations and targets for our results of operations; and statements preceded by "believe," "expect," "anticipate," "foresee" or similar expressions are forward-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, those described under the heading "Risk Factors" on pages 12-21 of our annual report on Form 20-F for the year ended December 31, 2003.
Nokia is the world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia is dedicated to enhancing people's lives and productivity by providing easy-to-use and secure products like mobile phones, and solutions for imaging, games, media, mobile network operators and businesses. Nokia is a broadly held company with listings on five major exchanges.
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