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)