0736 GMT - Trade tariffs will have a modest impact on Nokia's outlook, after the company reported first-quarter sales that came in slightly weaker than expected, Jefferies analysts Janardan Menon and Om Bakhda say in a note. The Finnish telecommunications-equipment maker expects tariffs to hit its second-quarter comparable operating profit by between 20 million and 30 million euros. Nokia confirmed its full-year outlook, but said the higher end of the range will be harder to achieve due to one-time contract settlement with a mobile networks customer. "We expect Nokia's FY25 sales outlook to be resilient despite tariffs, with margins likely to be impacted by one-offs, higher investments and geographic mix," Jefferies says. Shares fall 6.2%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 03:37 ET (07:37 GMT)
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