Nokia Capital Markets Day 2009
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Nokia sets key financial targets and Devices & Services operationalpriorities for 2010Nokia CorporationStock Exchange ReleaseDecember 2, 2009 at 13.00 (CET +1)Helsinki, Finland - Today, at its annual Capital Markets Day event,Nokia set key targets and forecasts for the company and its industryfor 2010. Senior company executives outlined how Nokia's focus onexecution combined with its core competitive advantages, position thecompany to achieve and sustain broad-based success in the mobiledevices market. At the event, Nokia also demonstrated significantimprovements to its forthcoming version of the Symbian userinterface.Nokia CEO, Olli-Pekka Kallasvuo, highlighted Nokia's focus on userexperience, stating: "In 2010, we will drive user experienceimprovements, and the progress we make will take the Symbian userinterface to a new level. As an operating system, Symbian has reachand flexibility like no other platform, and we have measures in placeto push smartphones down to new price points globally, while growingmargins. I see great opportunity for Nokia to capture new growth inour industry, by creating what we expect to be the world's biggestplatform for services on the mobile."Nokia CFO, Timo Ihamuotila, described Nokia's view of the industryand competitive environment: "Going into 2010, the overall mobiledevices market is stabilizing and it is growing more in the areaswhere Nokia has competitive advantages. We believe that by executingon the operational priorities we have set, Nokia will be competitivein both mobile phones and smartphones and will improve its valueshare."Targets and forecasts for Nokia and the mobile device industry- Nokia expects industry mobile device volumes to be up approximately10% in 2010, compared to 2009.- Nokia targets its mobile device volume market share to be flat in2010, compared to 2009.- Nokia targets lower average selling price (ASP) erosion of itsmobile devices in 2010, compared to recent years.- Nokia targets to increase its mobile device value market shareslightly in 2010, compared to 2009.- Nokia targets non-IFRS* operating expenses in Devices & Services ofapproximately EUR 5.7 billion in 2010.- Nokia targets bringing Devices & Services non-IFRS* research anddevelopment expenses below 10% of net sales in 2010.- Nokia targets Devices & Services non-IFRS* operating margin of 12%to 14% in 2010.- Nokia continues to target Services net sales of EUR 2 billion ormore in 2011.- Nokia continues to target to have 300 million active users for itsservices by the end of 2011.Targets and forecasts for Nokia Siemens Networks and the mobile andfixed infrastructure and related services market- Nokia and Nokia Siemens Networks expect a flat market in euro termsfor the mobile and fixed infrastructure and related services marketin 2010, compared to 2009.- Nokia and Nokia Siemens Networks target for Nokia Siemens Networksto grow faster than the market in 2010.- Nokia and Nokia Siemens Networks continue to target Nokia SiemensNetworks to reduce its non-IFRS* annualized operating expenses andproduction overheads by EUR 500 million by the end of 2011, comparedto the end of 2009.- Nokia and Nokia Siemens Networks target Nokia Siemens Networks non-IFRS* operating margin of breakeven to 2% in 2010.Additional financial targets- Nokia and NAVTEQ target NAVTEQ operating margin to be higher thanDevices & Services operating margin in 2010, on a non-IFRS* basis.- Nokia targets its financial income and expense to be approximatelyEUR 250 million expense in 2010.Nokia Devices & Services operational prioritiesIn addition to providing its key financial targets, Nokia alsooutlined key Devices & Services operational priorities for 2010.These are:- Improve our user experience;- Re-engineer our Symbian user interface; deliver a major productmilestone before mid-year 2010, and another major product milestonebefore the end of 2010;- Deliver our first Maemo 6-powered mobile computer, with an iconicuser experience, in the second half of 2010;- Significantly increase the proportion of touch and/or QWERTYdevices in our smartphone portfolio;- Scale up our Services business by expanding geographically and inpartnership with more operators;- Provide third party developers with better tools to createapplications and content for our Ovi ecosystem;- Further optimize the industry's lowest cost end-to-end businessmodel in Mobile Phones; and- Continue to build on our affordable and localized servicesofferings for emerging market consumers.* Non-IFRS results exclude special items for all periods. Inaddition, non-IFRS results exclude intangible asset amortization,other purchase price accounting related items and inventory valueadjustments arising from the formation of Nokia Siemens Networks andfrom all business acquisitions. Nokia believes that these non-IFRSfinancial measures provide meaningful supplemental information toboth management and investors regarding Nokia's performance byexcluding the above-described items that may not be indicative ofNokia's business operating results. These non-IFRS financial measuresshould not be viewed in isolation or as substitutes to the equivalentIFRS measure(s), but should be used in conjunction with the mostdirectly comparable IFRS measure(s) in the reported results.The main session presentations at Nokia Capital Markets Day will bewebcast live at: www.nokia.com/investors. The evening sessionauditorium presentations at Nokia Capital Markets Day will be webcast(archived) at: www.nokia.com/investorsFORWARD-LOOKING STATEMENTSIt should be noted that certain statements herein which are nothistorical facts, including, without limitation, those regarding: A)the timing of product, services and solution deliveries; B) ourability to develop, implement and commercialize new products,services, solutions and technologies; C) our ability to develop andgrow our consumer Internet services business; D) expectationsregarding market developments and structural changes; E) expectationsregarding our mobile device volumes, market share, prices andmargins; F) expectations and targets for our results of operations;G) the outcome of pending and threatened litigation; H) expectationsregarding the successful completion of contemplated acquisitions on atimely basis and our ability to achieve the set targets upon thecompletion of such acquisitions; and I) statements preceded by"believe," "expect," "anticipate," "foresee," "target," "estimate,""designed," "plans," "will" or similar expressions areforward-looking statements. These statements are based onmanagement's best assumptions and beliefs in light of the informationcurrently available to it. Because they involve risks anduncertainties, actual results may differ materially from the resultsthat we currently expect. Factors that could cause these differencesinclude, but are not limited to: 1) the deteriorating global economicconditions and related financial crisis and their impact on us, ourcustomers and end-users of our products, services and solutions, oursuppliers and collaborative partners; 2) the development of themobile and fixed communications industry, as well as the growth andprofitability of the new market segments that we target and ourability to successfully develop or acquire and market products,services and solutions in those segments; 3) the intensity ofcompetition in the mobile and fixed communications industry and ourability to maintain or improve our market position or respondsuccessfully to changes in the competitive landscape; 4)competitiveness of our product, services and solutions portfolio; 5)our ability to successfully manage costs; 6) exchange ratefluctuations, including, in particular, fluctuations between theeuro, which is our reporting currency, and the US dollar, theJapanese yen, the Chinese yuan and the UK pound sterling, as well ascertain other currencies; 7) the success, financial condition andperformance of our suppliers, collaboration partners and customers;8) our ability to source sufficient amounts of fully functionalcomponents, sub-assemblies, software and content without interruptionand at acceptable prices; 9) the impact of changes in technology andour ability to develop or otherwise acquire and timely andsuccessfully commercialize complex technologies as required by themarket; 10) the occurrence of any actual or even alleged defects orother quality, safety or security issues in our products, servicesand solutions; 11) the impact of changes in government policies,trade policies, laws or regulations or political turmoil in countrieswhere we do business; 12) our success in collaboration arrangementswith others relating to development of technologies or new products,services and solutions; 13) our ability to manage efficiently ourmanufacturing and logistics, as well as to ensure the quality,safety, security and timely delivery of our products, services andsolutions; 14) inventory management risks resulting from shifts inmarket demand; 15) our ability to protect the complex technologies,which we or others develop or that we license, from claims that wehave infringed third parties' intellectual property rights, as wellas our unrestricted use on commercially acceptable terms of certaintechnologies in our products, services and solutions; 16) our abilityto protect numerous Nokia, NAVTEQ and Nokia Siemens Networkspatented, standardized or proprietary technologies from third-partyinfringement or actions to invalidate the intellectual propertyrights of these technologies; 17) any disruption to informationtechnology systems and networks that our operations rely on; 18)developments under large, multi-year contracts or in relation tomajor customers; 19) the management of our customer financingexposure; 20) our ability to retain, motivate, develop and recruitappropriately skilled employees; 21) whether, as a result ofinvestigations into alleged violations of law by some formeremployees of Siemens AG ("Siemens"), government authorities or otherstake further actions against Siemens and/or its employees that mayinvolve and affect the carrier-related assets and employeestransferred by Siemens to Nokia Siemens Networks, or there may beundetected additional violations that may have occurred prior to thetransfer, or violations that may have occurred after the transfer, ofsuch assets and employees that could result in additional actions bygovernment authorities; 22) any impairment of Nokia Siemens Networkscustomer relationships resulting from the ongoing governmentinvestigations involving the Siemens carrier-related operationstransferred to Nokia Siemens Networks; 23) unfavorable outcome oflitigations; 24) allegations of possible health risks fromelectromagnetic fields generated by base stations and mobile devicesand lawsuits related to them, regardless of merit; as well as therisk factors specified on pages 11-28 of Nokia's annual report onForm 20-F for the year ended December 31, 2008 under Item 3D. "RiskFactors." Other unknown or unpredictable factors or underlyingassumptions subsequently proving to be incorrect could cause actualresults to differ materially from those in the forward-lookingstatements. Nokia does not undertake any obligation to publiclyupdate or revise forward-looking statements, whether as a result ofnew information, future events or otherwise, except to the extentlegally required.Media and Investor Contacts:NokiaCommunicationsTel. +358 7180 34900Email: press.services(at)nokia.comInvestor Relations Europe, Tel. +358 7180 34927Investor Relations US, Tel. +1 914 368 0555www.nokia.com --- End of Message ---NOKIAP.O. Box 226
FIN-00045 NOKIA GROUP Espoo WKN: 870737; ISIN: FI0009000681; Index: DJ STOXX Large 200, DJ STOXX 50;Listed: Nordic list (Large Cap) in THE HELSINKI STOCK EXCHANGE;
Datum: 02.12.2009 - 12:00 Uhr
Sprache: Deutsch
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