Nokia chief considers expanding US manufacturing to mitigate tariffs

Nokia exec open to expanding US manufacturing to avoid Trump tariffs

Nokia’s new CEO, Justin Hotard, is open to expanding the company’s U.S. manufacturing capabilities to mitigate the impact of tariffs introduced during President Donald Trump's administration.The company predicts tariffs will have an approximately $22 million to $34 million impact on its second-quarter comparable operating profit. The value of the Finnish telecommunications company’s shares dropped by 6% on Thursday following weak first-quarter e…

Nokia chief considers expanding US manufacturing to mitigate tariffs

New CEO Justin Hotard was speaking as Finnish company announced sharp fall in first-quarter profits

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Nokia Says Reaching Guidance Top End ‘Challenging’ With Tariffs

Nokia Oyj shares fell the most since July after the telecommunications equipment maker warned it will be more challenging to meet the top end of its 2025 guidance as it grapples with the impact of tariffs.

New chief executive Justin Hotard spoke during the announcement of a sharp drop in first-quarter profits

Nokia’s Q1 gives new CEO food for thought

Nokia’s new CEO, Justin Hotard, is less than a month into the role He helped to deliver the vendor’s first-quarter financial report on Thursday morning It was a mixed bag that didn’t please investors, though there were at least some positives for the company’s mobile networks unit Now Hotard needs to make his mark and make clear his strategic and portfolio plans