Nokia boosted sales

For the full year 2004 net sales decreased 1% to EUR 29 267 million (EUR 29 455 million in 2003), up 6% at constant currency. Operating profit decreased 14% to EUR 4 330 million (EUR 5 011 million), with an operating margin of 14.8% (17.0%). Mobile Phones net sales were EUR 18 507 million (EUR 20 951 million) down 12%, down 5% at constant currency. Operating profit was EUR 3 768 million (EUR 5 927 million) and operating margin 20.4% (28.3%). Networks net sales increased 13% to EUR 6 367 million (EUR 5 620 million), up 21% at constant currency. Operating profit was EUR 878 million (EUR 219 million operating loss) and operating margin 13.8% (-3.9%). Nokia outlook for Q1 2005 First-quarter Nokia group net sales are expected to be in the range of EUR 7.0 billion - EUR 7.3 billion, compared with EUR 6.6 billion in the first quarter 2004. EPS (diluted) is expected to be in the range of EUR 0.12 - EUR 0.15, including an estimated charge of EUR 60 - EUR 80 million (equal to approximately EUR 1 cent - EUR 1.5 cents per share) related to restructuring actions announced to date, compared with EPS (diluted) EUR 0.17 in the first quarter 2004.