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Nokia cuts 2025 profit guidance citing tariffs and weaker US dollar
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Nokia cuts 2025 profit guidance citing tariffs and weaker US dollar
Jul 22, 2025 11:23 AM

HELSINKI, July 22 (Reuters) - Finland's Nokia

lowered its guidance for 2025 comparable operating profit on

Tuesday by up to 310 million euros ($364.10 million), citing the

impact of a weaker U.S. dollar and tariffs.

"Considering currency and tariff headwinds, which are

outside its (Nokia's) control and have transpired since its Q1

results, the company feels it is prudent at this point to lower

its operating profit outlook range," Nokia said in a statement.

The network equipment maker now expects 2025 comparable

operating profit to range from 1.6 billion to 2.1 billion euros

instead of previously estimated 1.9-2.4 billion

It added currency fluctuations, particularly the weaker

dollar, would lower the outlook by around 230 million euros

while tariffs would have an impact of 50-80 million euros.

After years of weakness, Nokia's sales in North America have

been growing steadily despite losing market share to Nordic

rival Ericsson.

Nokia said its April-June comparable operating profit was

0.3 billion euros, a 32% drop compared to last year.

In April, Nokia reported first-quarter profit below market

expectations.

($1 = 0.8514 euros)

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