annual report 2003 elcoteq 20032 the year net sales rose and profi tability improved group s in totaled meur 2 235 7 1 840 operat ing income was 30 5 25 service offering expanded strongly co operation agree ment with cellon strengthened mobile phone design capabilities usa enhanced its new product intro duction services by acquiring nprc 20 of isis surface mounting extended customer base through acquisitions organic growth customers include marconi nec siemens strix systems tellabs 3 contents general meeting dividend proposal 4 brief quarterly figures 6 strategy 9 ceo review 10 12 geographical areas 13 locations 15 terminal products 16 communications network equipment 18 human resources 19 corporate responsibility environmental 21 quality management 22 ems market 24 board directors 28 consolidated statement 29 cash flow balance sheet 32 parent company 33 34 accounting principles 37 notes to
