Finance
Nokia cuts 2025 profit guidance citing tariffs and weaker US dollar
Published by Global Banking & Finance Review®
Posted on July 22, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 22, 2025
2 min readLast updated: January 22, 2026
Nokia cuts its 2025 profit forecast due to a weaker US dollar and tariffs, adjusting its operating profit expectations by up to 310 million euros.
HELSINKI (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)
(Reporting by Essi Lehto and Disha Mishra, editing by Emelia Sithole-Matarise and Barbara Lewis)
Nokia now expects its 2025 comparable operating profit to range from 1.6 billion to 2.1 billion euros, down from the previous estimate of 1.9 to 2.4 billion euros.
Nokia cited the impact of a weaker U.S. dollar and tariffs as the main factors leading to the reduction in its profit guidance.
The company estimates that currency fluctuations, particularly the weaker dollar, will lower the outlook by around 230 million euros.
Nokia reported a comparable operating profit of 0.3 billion euros for April-June, which is a 32% drop compared to the previous year.
Despite losing market share to Nordic rival Ericsson, Nokia's sales in North America have been growing steadily after years of weakness.
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