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Nokia - Recent Developments
December 14, 1995
Strong revenue growth continued throughout the autumn period in all of Nokia's main businesses with Nokia continuing to gain global market share in its main product categories. However, operating profits (profits before tax) for the third tertial are expected to be lower than in the same period last year.
At Nokia Telecommunications, sales, profitability and order book have developed well and according to plan.
Despite improvement in Nokia's US mobile phone business, growth and profitability in Nokia Mobile Phones have developed somewhat below plan.
European color-TV markets in the final months of 1995 have continued to deteriorate. As a result, Nokia Consumer Electronics, a division of Nokia General Communications Products, will not achieve its set goals, and will incure a significant loss for the division for the whole of 1995. Steps are now being taken to rectify the situation.
In 1996, Nokia is well placed to further improve its market position in growing and developing telecommunications markets.
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