6 days ago
Nokia sees stronger second half after second-quarter miss
Nokia's expects the second half of 2025 to be stronger than the first, CEO Justin Hotard said on Thursday, two days after the network equipment maker issued a profit warning due to a weaker U.S. dollar and tariffs.
"Considering these two headwinds, we decided it was prudent at this point to lower our comparable operating profit outlook," Hotard said in a statement.
Nokia also confirmed the preliminary figures for the second quarter, which had missed market expectations on Tuesday.
Its operating profit, which excludes certain charges and asset revaluations to make it comparable with last year's results, fell 29 per cent to 301 million euros ($354.34 million) in the quarter, while revenue grew marginally to 4.55 billion euros.
