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Tariff Terrors Prompt Nokia Profit Drop, TI Inventory Binge
FINLAND, JUL 22 – Nokia expects a €230 million loss from currency effects and a €50-80 million hit from U.S. tariffs, lowering its 2025 operating profit forecast amid global trade tensions.
- On July 23, 2025, Nokia lowered its 2025 operating profit outlook to EUR 1.6–2.1 billion, citing preliminary Q2 results.
- Amid external pressures, the company noted since January guidance, Nokia flagged headwinds, with currency fluctuations hitting profits by EUR 230 million and tariffs subtracting EUR 50–80 million.
- According to preliminary figures, Nokia posted net sales of about EUR 4.55 billion and an operating profit of EUR 300 million, while free cash flow conversion guidance remained at 50–80%.
- Ahead of the tariff deadline, markets reacted as Nokia shares dropped 7% in early Wednesday trade reflecting profit warning concerns.
- Looking ahead, Nokia will release full Q2 and H1 results on Thursday, 24 July 2025, and CEO Justin Hotard said he would `absolutely entertain` increasing U.S. manufacturing to mitigate tariffs.
27 Articles
27 Articles
Nokia profit drops over 25%, hit from weak dollar
Nokia’s comparable operating profit fell to €301 million in the second quarter, down more than 25 percent from the same period last year. The company’s net sales rose marginally year-on-year, from €4.47 billion to €4.55 billion. The Finnish technology group announced on Tuesday that it is lowering its full-year profit forecast, citing the weakening of the US dollar and the impact of import tariffs.
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Nokia Revises 2025 Profit Forecast Amid Currency and Tariff Pressures
Nokia has revised its 2025 operating profit outlook, lowering it by up to 310 million euros due to a weaker U.S. dollar and tariff challenges. The company now anticipates profits to range from 1.6 to 2.1 billion euros. This adjustment follows a 32% drop in second-quarter profits.
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