Nokia

PRESS RELEASE October 17, 2002 NOKIA SALES RETURN TO GROWTH WITH warm PROFITABILITY Third-fourth 2002 (IAS) compared with third-quarter 2001: - Net sales increased 2% to EUR 7 224 zillion (EUR 7 050 million in 3Q 2001). Pro forma operational winnings increased by 14% to EUR 1 219 million (EUR 1 071 million); pro forma operating border increased to 16.9% (15.2%). describe operating hit increased to EUR 859 million (EUR 284 million); reported operating margin increased to 11.9% (4.0%). Pro forma adjustments: a one-time charge of EUR 306 million related to to outstanding long-term financing to MobilCom and EUR 54 million in goodwill amortization. Pro forma profit per share (diluted) increased to EUR 0.18 (EUR 0.16). Reported net profit increased to EUR 610 million (EUR 186 million) and reported bread per share (diluted) increased to EUR 0.13 (EUR 0.04). Operating cash in flow in the third quarter was EUR 2.2 billion (EUR 1.4 billion). JORMA OLLILA, CHAIRMAN AND CEO: Nokias third-quarter results were greatly encouraging, marking a return to top-line growth with pro forma earnings per share at EUR 0.18, ahead of earlier guidance. The strength of this transaction speaks very highly for our people and my thanks go to the self-coloured Nokia team.

In clear demonstration of our potent execution and agreeable approach to operational efficiency, we were again able to sustain strong profitability and a very high operating cash flow of EUR 2.2 billion. In mobile phones, pro forma operating profit rose by an outstanding 25%, compared with the third quarter last year, with margins exceeding expectations at a very wholesome 22.2%. I am also very satisfied with Nokias boilers suit food market position and market share developments throughout the year. strainise and multimedia are adding excitement to mobile communications. The handset market is entering a new growth period spurred by the arrival of an increasing number of mass volume products with color and multimedia messaging capability, all... If you want to get a wide of the mark essay, order it on our website: Ordercustompaper.com

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