Nokia 2015 Annual Report Download - page 208

206 NOKIA IN 2015
It should be noted that Nokia and its businesses are exposed to
various risks anduncertainties and certain statements herein that are
not historical facts are forward-looking statements, including, without
limitation, those regarding:
A) our ability to integrate Alcatel Lucent intoour operations and
achieve the targeted business plans and benets, including
targeted synergies in relation tothe acquisition of Alcatel Lucent
announced on April 15, 2015 and closed in early 2016;
B) our ability to squeeze out the remaining Alcatel Lucent
shareholders in a timely manner or at all to achieve full ownership
of Alcatel Lucent;
C) expectations, plans or benets related to our strategies and
growth management;
D) expectations, plans or benets related to future performance
ofour businesses;
E) expectations, plans or benets related to changes in our
management and other leadership, operational structure and
operating model, including the expected characteristics, business,
organizational structure, management and operations following
the acquisition of Alcatel Lucent;
F) expectations regarding market developments, general economic
conditions and structural changes;
G) expectations and targets regarding nancial performance, results,
operating expenses, taxes, cost savings and competitiveness, as
well as results of operations including targeted synergies and those
related to market share, prices, net sales, income and margins;
H) timing of the deliveries of our products and services;
I) expectations and targets regarding collaboration and partnering
arrangements, as well as our expected customer reach;
J) outcome of pending and threatened litigation, arbitration,
disputes, regulatoryproceedings or investigations by authorities;
K) expectations regarding restructurings, investments, uses of
proceeds from transactions, acquisitions and divestments and
ourability to achieve the nancial and operational targets set
inconnection with any such restructurings, investments,
divestments and acquisitions; and
L) statements preceded by or including “believe,” “expect,”
“anticipate,” “foresee,” “sees,” “target,” “estimate,” “designed,”
“aim,” “plans,” “intends,” “focus,” “continue,” “project,” “should,”
“will” or similar expressions.
These statements are based on the management’s best assumptions
and beliefsin light of the information currently available to it. Because
they involve risks anduncertainties, actual results may diermaterially
from the results that we currentlyexpect. Factors, including risks
anduncertainties, that could cause such dierences include, but are
not limited to:
1) our ability to execute our strategy, sustain or improve the
operational and nancial performance of our business or correctly
identify or successfully pursue business opportunities or growth;
2) our ability to achieve the anticipated business and operational
benets andsynergies from the Alcatel Lucent transaction,
including our ability to integrate Alcatel Lucent into our operations
and within the timeframe targeted, and our ability to implement
our organization and operational structure eciently;
3) our ability to complete the purchases of theremaining outstanding
Alcatel Lucent securities and realize the benets of the public
exchange oer for all outstanding Alcatel Lucent securities;
4) our dependence on general economic and market conditions and
other developments in the economies where we operate;
5) our dependence on the development ofthe industries in which
weoperate, including the cyclicality and variability ofthe
telecommunications industry;
6) our exposure to regulatory, political or other developments in
various countries or regions, including emerging markets and the
associated risks in relation to taxmatters and exchange controls,
among others;
7) our ability to eectively and protably compete and invest in
newcompetitive high-quality products, services, upgrades and
technologies and bring them to market in a timely manner;
8) our dependence on a limited number ofcustomers and large
multi-year agreements;
9) Nokia Technologies’ ability to maintain and establish new sources
of patent licensing income and IPR-related revenues, particularly
inthe smartphone market;
10) our dependence on IPR technologies, including those that we
havedeveloped and those that are licensed to us, and the risk of
associated IPR-related legal claims, licensing costs and restrictions
on use;
11) our exposure to direct and indirect regulation, including economic
or tradepolicies, and the reliability of ourgovernance, internal
controls andcompliance processes to prevent regulatory penalties;
12) our reliance on third-party solutions fordata storage and the
distribution of products and services, which expose us torisks
relating to security, regulation andcybersecurity breaches;
13) Nokia Technologies’ ability to generate net sales and protability
through licensing of the Nokia brand, the development and sales
of products andservices, as well as other business ventures which
may not materialize asplanned;
Forward-looking statements