Nokia Shares Drop After Profit Warning and Forecast Cut

Nokia's share falls sharply as the Finnish telecom equipment manufacturer issues a profit warning and lowers its full-year forecast, citing negative effects of a weaker dollar and tariffs.

» Published: July 23 2025 at 08:31

Nokia Shares Drop After Profit Warning and Forecast Cut
Photo: Joan Mateu Parra/AP/TT

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The share starts Wednesday's trading by dropping over 7 percent.

The adjusted operating result for the second quarter will be 300 million euros according to Nokia. This can be compared to an average forecast of 407 million euros according to Bloomberg.

The sales for the quarter became 4.6 billion, compared to expected 4.8 billion.

For the whole of 2025, Nokia now expects an adjusted operating result of 1.6-2.1 billion euros. Previously, the forecast was 1.9-2.4 billion euros.

Nokia presents a complete quarterly report as planned on Thursday.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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