Nokia lowers 2025 profit guidance on tariffs, currency

Nokia (NOK) lowered its comparable operating profit guidance range to EUR 1.6B to EUR 2.1B from EUR 1.9B to EUR 2.4B. The adjustment relates to currency headwinds from the weaker U.S. dollar and tariffs, the company announced. It said, ” Nokia’s underlying business performed as expected through the first half, however, considering currency and tariff headwinds which are outside its control and have transpired since its Q1 results, the company feels it is prudent at this point to lower its operating profit outlook range.”