Nokia Lowers 2025 Operating Profit Guidance Citing Currency, Tariff Headwinds

Nokia has lowered its operating profit expectations for 2025, now forecasting a range of €1.6 billion to €2.1 billion, down from its earlier guidance of €1.9 billion to €2.4 billion. The Finnish telecommunications company cited adverse currency fluctuations, particularly a weaker U.S. dollar, and the impact of tariffs as key reasons for the revised outlook, estimating a combined negative effect of up to €310 million. Preliminary second-quarter results show net sales at approximately €4.55 billion and a comparable operating profit of €300 million. The company is scheduled to release full results on July 24, and the news has caused Nokia shares to trade lower.