Nokia 2014 Annual Report Download - page 210

208 NOKIA IN 2014
Forward-looking statements continued
15) our ability to optimize our capital structure as planned and
re-establish ourinvestment grade credit rating;
16) Nokia Networks’ ability to execute its strategy or to eectively and
protably adapt its business and operations in a timely manner
to the increasingly diverse needs of its customers in the mobile
broadband infrastructure and related services market or to such
technological developments;
17) Nokia Networks’ ability to eectively andprotably invest in
new competitive high-quality products, services, upgrades and
technologies and bring them to market in a timely manner;
18) Nokia Networks’ dependence on a limitednumber of customers
and large multi-year agreements and adverse eects as a result
of further operator consolidation;
19) Nokia Networks’ ability to manage our manufacturing, service
creation and delivery, as well as our logistics eciently and
without interruption;
20) Nokia Networks’ dependence on a limited number of suppliers,
who may fail to deliver sucient quantities of fully functional
products and components ordeliver timely services meeting
our customers’ needs;
21) adverse developments with respect tocustomer nancing or
extended payment terms Nokia Networks provides to customers;
22) the intense competition HERE faces and its ability to eectively
and protably invest in new competitive high-quality services
and data and bring these to market in a timely manner or adjust
itsoperations eciently;
23) HERE’s dependence on the overall automotive market
developments andcustomer business conditions;
24) HERE’s dependence, especially with respect to sales to the
automotive industry, on a limited number of customers and large
multi-year agreements;
25) Nokia Technologies’ ability to maintain its existing sources of
intellectual property related revenue or establish new sources;
26) Nokia Technologies’ dependence on a limited number of key
licensees that contribute proportionally signicant patent licensing
income, including the outcome of the binding arbitration with
Samsung expected in 2015;
27) Nokia Technologies’ dependence on adequate regulatory
protection for patented or other propriety technologies; and
28) Nokia Technologies’ ability to execute itsplans through business
areas such astechnology licensing, licensing the Nokia brand
and other business venturesincluding technology innovation
and incubation,
as well as the risk factors specied on pages 74 to 89 of Nokia’s latest
annual report on Form 20-F under“Operating and Financial Review
and Prospects—Risk factors”. Other unknown orunpredictable factors
or underlying assumptions subsequently proven to be incorrect
could cause actual results to dier materially from those in the
forward-looking statements. Nokia does not undertake any obligation
to publicly update or revise forward-looking statements, whether as
aresult of new information, future events orotherwise, except to the
extent legallyrequired.
Use of certain terms
Nokia Corporation is a public limited liability company incorporated
under the laws of the Republic of Finland. In this document,
any reference to “we,” “us,” “the Group” or “Nokia” means Nokia
Corporation and its subsidiaries on a consolidated basis and which
refers generally to Nokia’s continuing operations, except where
we separately specify that the term means Nokia Corporation or a
particular subsidiary or business segment only or the discontinued
operations, and except that references to “our shares”, matters
relating to our shares or matters of corporate governance refer
to the shares and corporate governance of Nokia Corporation.
Nokia Corporation has published its consolidated nancial statements
in euro for periods beginning on or after January 1, 1999. In this
annual report on Form 20-F, references to “EUR,” “euro” or “€” are to
the common currency of the European Economic and Monetary Union,
and references to “dollars”, “US dollars”, “USD” or “$” are to the
currency of the United States.