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Nokia Investor Relations Wins Top Award Second Year In A Row - Investor Relations Magazine Names Nokia IR Best in Class -
April 14, 1999
For the second year in a row, Investor Relations magazine has rated Nokia's investor relations program the best by a European company in the United States market.
Finland-based Nokia's rapid growth, strong brand recognition and financial performance have placed growing importance on the company's investor relations efforts, particularly in the United States, where more than half of Nokia's share value is owned by individual and institutional investors. Nokia has been listed on the NYSE (NOK) since 1994. Nokia is the fifth-most-active foreign stock traded on the NYSE.
Investor Relations, in association with the Barron's, a Dow Jones investment publication, recognizes companies that demonstrate outstanding performance in key areas of investor relations including investment community meetings, annual reports, corporate advertising, disclosure policies, use of conferencing, technology and excellence in senior management communications.
Olli Kallasvuo, Nokia executive vice president and chief financial officer, said winning the honor two years in a row is strong validation of the work done by Nokia's investor relations department.
"Investor relations has become recognized for its strategic importance to public companies looking for fair valuation in an increasingly competitive market," Kallasvuo said. "We are extremely pleased to have Nokia's work valued so highly by the financial professionals who work with us day-to-day."
Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1998, net sales totaled EUR 13.3 billion (USD 15.7 billion, FIM 79.2 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK), has sales in over 130 countries and employs more than 44,000 people worldwide.
Contact information:
Nokia Corporate Communications, Americas
Tel. +1 972 894 4705
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