Jorma Ollila

The robust growth will continue and will exceed expectations, as it did this year.

The way the third quarter shaped up really is really proof that the growth we had in the first half of this year is continuing well into the second half,

We have had to review our volume numbers upward month by month. I have a funny feeling next year will be another good growth year,

to reach or slightly exceed the high-end of our 1999 net sales growth target of 25-35 percent.

Despite the more difficult market conditions ... we expect to see solid growth for the first quarter as a whole, with better-than-anticipated margins,

I am extremely pleased with Nokia's performance both during the fourth quarter and for the full year 2005. Nokia's sales grew 16 percent in 2005, the highest sales growth we have seen since 2000, while our EPS grew 20 percent.

We anticipate that there will be a long-term sustainable demand for mobile telephony in the fast growing Indian market. In fact, we estimate that India will become the world's second biggest mobile device market when measured by volumes in year 2010.

We felt very strongly that this digital technology would really take the industry,

We didn't see mobility and the Internet becoming such a big thing, in 1995,

In a three- to five-year time span, we will see a tremendous impact, with the mobility and Internet coming together,

We strongly believe that the technological developments announced here today will provide the basis for a future of faster, easier and more cost effective mobile telephony services.

In mobile devices, we have been making excellent progress in expanding and upgrading our product offering, which is the broadest in the market and caters to all relevant consumers and trade customers globally,

These have been exciting, unforgettable years. I remain strongly committed to Nokia and am keen to continue contributing to Nokia's strategy and renewal, helping it to build on its position as the undisputed leader in mobility,

The handset market is entering a new growth period spurred by the arrival of an increasing number of mass volume products with colour and multimedia messaging capability, all enriching the customer experience,

We have a very strong position in a number of developing markets, where margins are higher.

In addition to continuous growth in voice communication, other industries like music and digital imaging are quickly becoming more integral to mobility.

Nokia is working closely with telecommunication service providers to reduce the cost of ownership and make more affordable and attractive handsets.

Responsible policy makers do not make irresponsible decisions.

We have a very good picture about the fourth quarter, as we said EPS and revenue growth is expected to be higher, but we can't put an exact number on it in this uncertain environment.

One of the ways in which we've been able to perform better than our competitors is that we're fast to redirect our strategy, if there is a need to,

It was pretty emotional to prepare to take the decision (to sell assets) to the board. Everybody would say, 'You know, you're taking our heart away and selling that. Why didn't you start with something else'

Nokia is working closely with operators and other stake holders to lower the total cost of ownership and usage of mobile communications.

The cooperation we have in training personnel will increase to the number of millions we'll invest.

I understand that this prediction may have been disappointing to some of you, but let me assure you that my confidence in the overall prospects of Nokia remain unchanged,

India will be the second-largest mobile handset market globally by 2010 after China.