Archive · 23 Jul 2025
Nokia Shares Tumble After Profit Outlook Cut
Nokia, a company that makes phone equipment, said it won't make as much money as they thought.
This made their stock price go down.
They blame the US dollar's value changing and tariffs, which are extra costs on goods.
They expect to lose a lot of money because of these.
Experts say that while this is bad news, it is not as bad as if their products weren't selling well.
Nokia shares fell over 8% due to a reduced profit forecast.
The company lowered its 2025 operating profit outlook to €1.6B-€2.1B.
Nokia cited a weakening US dollar and increased tariff-related costs.
Currency fluctuations are expected to cause a €230 million hit this year.
Tariffs are projected to reduce operating profit by €50M-€80M for the year.
- Who
- Nokia Oyj, a Finnish telecom equipment maker.
- What
- Nokia lowered its profit forecast for 2025, leading to a drop in share price.
- When
- Shares dropped on Wednesday.
- Where
- Shares were traded on the Helsinki bourse.
- Why
- Due to a weakening US dollar and rising tariff costs.
- Share Drop
- 8.2%
- 2025 Operating Profit Forecast
- €1.6 billion - €2.1 billion
- Previous Profit Guidance
- Up to €2.4 billion (January)
- Currency Impact
- €230 million (this year)
- Tariff Impact
- €50 million - €80 million (this year)
- Q2 Net Sales Estimate
- Approximately €4.55 billion