Announcement • Apr 25
Nokian Tyres plc Reiterates Earnings Guidance for the Year 2026 Nokian Tyres plc reiterated earnings guidance for the year 2026. For the year, the company's net sales are expected to grow compared to the previous year and segments operating profit as a percentage of net sales to be 8-10%. New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by earnings (dividend per share is over 57x earnings per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Apr 22
First quarter 2026 earnings released: €0.16 loss per share (vs €0.27 loss in 1Q 2025) First quarter 2026 results: €0.16 loss per share (improved from €0.27 loss in 1Q 2025). Revenue: €279.6m (up 3.7% from 1Q 2025). Net loss: €22.2m (loss narrowed 41% from 1Q 2025). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Board Change • Apr 22
High number of new directors Independent Director Tom Adams was the last director to join the board, commencing their role in 2026. Announcement • Mar 03
Nokian Tyres Launches Entirely New Type of Studded Winter Tire That Automatically Adapts to Changes in Temperature Nokian Tyres announced that it is ushering in a new era of winter driving with the world's first studded winter tire that automatically adjusts to changes in temperature - the Nokian Tyres Hakkapeliitta®? 01. Nokian Tyres invented the winter tire in 1934 and introduced the first Hakkapelitta®? branded tire 90 years ago in 1936. Nine decades after the birth of the legendary Hakkapeliitta winter tire family, the newest generation changes winter driving by realizing a decades-long quest to build a tire with studs that adapt to changing road conditions. The revolutionary global product from the inventor of the winter tire features On-Demand Grip provided by Double Action Stud Technology. As temperatures change, the studs adjust automatically between ON-mode and OFF. The innovation is the first of its kind in the tire industry, furthering Nokian Tyres' legacy as a winter driving pioneer. It is certified with the Three-Peak Mountain Snowflake and Ice Grip symbols. The new Nokian Tyres HakKapeliitta 01: On-Demand Grip On-Demand Grip. Enabled by Studmode OFF. Peaceful Precision. Ultra-low sound levels increase driving comfort, due to noise-optimized stud design and SilentDrive Technology. As temperatures change, The studs adjust automatically between On-mode and OFF. The innovative innovation is the first of itskind in the tire industry, furthered Nokian Tyres' Legacy as a winter driving pioneering. It is certified with the three- Peak Mountain Snowflake and Ice grip symbols. The new Nokians Tyres Hakkapelitta 01: On-Demand grip. Enabled by Studmode OFF; Peaceful Precision; Ultra- low sound levels increase driving comfort, thanks to noise- optimized stud design and SiliconDrive Technology™?. Reported Earnings • Feb 12
Full year 2025 earnings released: €0.11 loss per share (vs €0.17 loss in FY 2024) Full year 2025 results: €0.11 loss per share (improved from €0.17 loss in FY 2024). Revenue: €1.37b (up 6.5% from FY 2024). Net loss: €15.0m (loss narrowed 34% from FY 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jan 22
Nokian Tyres Launches the Nokian Tyres Betula Concept Tire Nokian Tyres launched the Nokian Tyres Betula concept tire containing raw material made from birch bark. The renewable material by Swedish company Reselo utilizes the residue of the global pulp, paper and plywood industry. The Nokian Tyres Betulas represents the first time the material has been used in a tire. The material is included in the tread compound of the concept tire, bringing the amount of renewable and recycled material content to 93% of all materials used on the tread. The new material is seen primarily as a performance-enhancing addition. The concept tire, that has the tread design of the Nokian Tyres Hakkapeliitta R5 non-studded winter tire, has been tested in the Nokian Tyres test centers in Ivalo, Finnish Lapland as well as in Nokia, Finland with promising results. The Nokian Ty Res Betula concept tire represents a significant step toward Nokian Tyres' goal to increase the share of recycled and renewable materials in tires to 50% by 2030. By pioneering sustainable solutions, Nokian Tyres seeks to set new benchmarks for environmental responsibility across the tire industry. Achieving this ambition depends on strong partnerships, such as the collaboration with Reselo. The cooperation between Nokian Tyres and Reselo started already in 2023, when the biomaterial science company won Nokian Tyres' FAST RACE BIG CHANGE sustainable tire innovation challenge. In 2024, Nokian Tyres signed a development agreement with Reselo to further develop their renewable material for tire production. The development project continues together with Reselo after the launch of the concept tire.cept tires are an important part of product development enabling testing of new materials, technologies and design ideas before commercial production. In 2022, Nokian Tyres introduced the Nokian Tyres Green Step concept tire with its ambitious design consisting of 93% of all the materials used either recycled or renewable, and in 2024 the company launched the Nokian Ty Res Green Step Ligna containing a renewable lignin-based alternative for traditional carbon black. The Nokian Ty res Seasonproof 2 all-season tire launched in 2025 for the Central European market has the highest share of renewable and recycled materials in commercial production by Nokian Tyres with up to 38%. Announcement • Jan 14
Nokian Tyres plc Announces Chief Financial Officer Changes Nokian Tyres plc announced that Mr. Timo Koponen (M.Sc. Econ. and Business Administration) has been appointed as the new Chief Financial Officer (CFO) and a member of the Management team. He will start in the position by April 15, 2026, and report to President and CEO Paolo Pompei. Timo Koponen joins Nokian Tyres from Normet, a global mining and tunneling technology company, where he served as CFO and a member of the Leadership Team. Prior to Normet, he held senior finance and business leadership roles at Lamor Corporation, Wärtsilä, Hackman, and Konecranes. Jari Huuhtanen, VP, Group Business Control, will continue in the interim CFO role, until Timo Koponen has started as the new CFO. Announcement • Jan 10
Nokian Renkaat Oyj Announces Chair of the Board of Directors Jukka Hienonen Will Not Be Available for Re-Election Nokian Renkaat Oyj announced that Jukka Hienonen, the current Chair of the Board of Directors, has announced that he will not be available for re-election. Announcement • Nov 06
Nokian Renkaat Oyj to Report Fiscal Year 2025 Final Results on Mar 02, 2026 Nokian Renkaat Oyj announced that they will report fiscal year 2025 final results on Mar 02, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: €0.04 (vs €0.03 loss in 3Q 2024) Third quarter 2025 results: EPS: €0.04 (up from €0.03 loss in 3Q 2024). Revenue: €344.1m (up 9.7% from 3Q 2024). Net income: €5.70m (up €9.90m from 3Q 2024). Profit margin: 1.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
Nokian Renkaat Oyj Reaffirms Financial Guidance for 2025 Nokian Renkaat Oyj reaffirmed financial guidance for 2025. In 2025, Nokian Tyres' net sales are expected to grow and segments operating profit as a percentage of net sales to improve compared to the previous year. Announcement • Sep 17
Nokian Tyres Announces Management Changes, Effective from September 17, 2025 Manu Salmi, EVP, Heavy Tyres; SVP, Manufacturing (interim), and a member of the Nokian Tyres Management Team is leaving the company.? Manu Salmi's responsibilities will be managed on an interim basis through internal arrangements reporting to President and CEO Paolo Pompei (Manufacturing) and Tron Gulbrandsen (Heavy Tyres). The change is valid as of September 17, 2025. The recruitment process for successor will start immediately. Announcement • Aug 29
Nokian Renkaat Oyj Announces Board and Committee Changes Nokian Renkaat Oyj announced that Christopher Ostrander, a member Board of Directors has announced his resignation from the Board of the company as of August 29, 2025. The reason for the resignation is his appointment as Nokian Tyres SVP, Passenger Car Tyres, North America and a member of the Nokian Tyres Management Team as of September 1, 2025. The stock exchange release on the appointment was published on July 18, 2025. After Ostrander's resignation Nokian Tyres Board of Directors comprises seven members. The Board of Directors elected Elina Björklund as a new member of the Investment Committee. Markus Korsten was elected as the Chair of the Committee and Jukka Hienonen continues as a member of the Committee. Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: €0.004 (vs €0.006 in 2Q 2024) Second quarter 2025 results: EPS: €0.004 (down from €0.006 in 2Q 2024). Revenue: €343.7m (up 5.9% from 2Q 2024). Net income: €600.0k (down 25% from 2Q 2024). Profit margin: 0.2% (in line with 2Q 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.3% average weekly change). Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Antti Makinen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 08
Nokian Renkaat Oyj Approves Election of Board Committees Nokian Renkaat Oyj announced that at its organisational meeting held on May 7, 2025, the board of directors elected Jouko Pölönen as the Chair and Elisa Markula and Antti Mäkinen as members of the Audit Committee; Elina Björklund as the Chair and Susanne Hahn and Jukka Hienonen and as members of the People and Sustainability Committee; Christopher Ostrander as the Chair and Markus Korsten and Jukka Hienonen as members of the Investment Committee. New Risk • May 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • May 07
First quarter 2025 earnings released: €0.27 loss per share (vs €0.18 loss in 1Q 2024) First quarter 2025 results: €0.27 loss per share (further deteriorated from €0.18 loss in 1Q 2024). Revenue: €269.5m (up 14% from 1Q 2024). Net loss: €37.8m (loss widened 48% from 1Q 2024). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Declared Dividend • May 06
Final dividend of €0.25 announced Shareholders will receive a dividend of €0.25. Ex-date: 8th May 2025 Payment date: 20th May 2025 Dividend yield will be 7.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Apr 11
The Helsinki Court of Appeal Issues Judgment in the Securities Market Criminal Case of Nokian Tyres plc Nokian Tyres plc announced that The case heard in the Helsinki Court of Appeal was related to the events of 2015-2016. According to the charges, the company's Board of Directors and President and CEO at the time had failed to disclose information affecting the value of the company's securities in December 2015. In addition, according to the charges, four of the company's employees had made insider transactions with the company's stock options at the end of 2015. The District Court had dismissed all charges in 2022. The Court of Appeal dismissed the charges against the company's former board members Hille Korhonen, Raimo Lind, Inka Mero, Hannu Penttilä and Petteri Walldén. The Court of Appeal sentenced the company's former President and CEO Ari Lehtoranta to a fine for a securities market information offence. Three of the company's employees were sentenced to fines and one employee to 4 months and 15 days of suspended imprisonment for misuse of inside information. The company was ordered to pay a corporate fine of EUR 50,000. The company was not found to have engaged in malpractices in magazine tests as alleged in the charges. The judgment of the Court of Appeal is not final. The company does not comment on the matter further. Declared Dividend • Mar 31
Final dividend of €0.25 announced Shareholders will receive a dividend of €0.25. Ex-date: 8th May 2025 Payment date: 20th May 2025 Dividend yield will be 7.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Board Change • Mar 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Elina Björklund was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 09
Final dividend of €0.25 announced Shareholders will receive a dividend of €0.25. Ex-date: 8th May 2025 Payment date: 20th May 2025 Dividend yield will be 7.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.05x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.3% average weekly change). Reported Earnings • Feb 05
Full year 2024 earnings released: €0.17 loss per share (vs €0.091 profit in FY 2023) Full year 2024 results: €0.17 loss per share (down from €0.091 profit in FY 2023). Revenue: €1.29b (up 9.9% from FY 2023). Net loss: €22.8m (down 282% from profit in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Jan 17
Nokian Renkaat Oyj Announces Board Changes Nokian Renkaat Oyj announced Pekka Vauramo, currently Deputy Chair of the Board of Directors, and Reima Rytsölä, currently a member of the Board of Directors, have informed that they are not available for re-election. Board Change • Jan 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Elina Björklund was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 10
Nokian Tyres plc Announces Composition of the Shareholders' Nomination Board Solidium Oy has appointed Petter Söderström as a new member of Nokian Tyres' Shareholders' Nomination Board. He will replace Pauli Anttila, who has left Solidium Oy. Nokian Tyres' Shareholders' Nomination Board: Mr. Petter Söderström (Investment Director, Solidium Oy), appointed by Solidium Oy; Mr. Mikko Mursula (Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance Company), appointed by Ilmarinen Mutual Pension Insurance Company; Ms. Marie Karlsson (Chief Investment Officer, Nordic, Finnish and Swedish Equities at Nordea Asset Management), appointed by Nordea funds; Mr. Timo Sallinen (Director, Head of Listed Securities, Varma Mutual Pension Insurance Company), appointed by Varma Mutual Pension Insurance Company and Mr. Jukka Hienonen, Chair of the Board, Nokian Tyres plc. Announcement • Dec 17
Nokian Renkaat Oyj, Annual General Meeting, May 07, 2025 Nokian Renkaat Oyj, Annual General Meeting, May 07, 2025. Announcement • Oct 30
Nokian Renkaat Oyj Reaffirms Earnings Guidance for the Year 2024 Nokian Renkaat Oyj reaffirmed earnings guidance for the year 2024. In 2024, Nokian Tyres’ net sales with comparable currencies and segments operating profit are expected to grow significantly compared to the previous year. New Risk • Oct 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Oct 29
Third quarter 2024 earnings released: €0.03 loss per share (vs €0.03 profit in 3Q 2023) Third quarter 2024 results: €0.03 loss per share (down from €0.03 profit in 3Q 2023). Revenue: €313.6m (up 14% from 3Q 2023). Net loss: €4.20m (down 200% from profit in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
Nokian Tyres plc Announces Second Dividend Installment for the Year 2023, Payable on December 4, 2024 The Board of Directors of Nokian Tyres plc has decided that a second dividend installment of EUR 0.20 per share will be distributed for the year 2023. The dividend is based on the authorization given by Nokian Tyres' Annual General Meeting 2024. The second dividend installment will be paid on December 4, 2024 to shareholders who are registered in the company's shareholders' register maintained by Euroclear Finland Oy on the dividend record date of October 31, 2024. Announcement • Oct 02
Nokian Tyres plc Announces Resignation of Anna Hyvönen as EVP Passenger Car Tyres and Vianor, Effective July 2025 Nokian Tyres plc announced that Anna Hyvönen, EVP Passenger Car Tyres and Vianor, has decided to leave Nokian Tyres. Hyvönen will continue in the company until July 2025. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 12x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 21
Second quarter 2024 earnings released: EPS: €0.006 (vs €0.006 in 2Q 2023) Second quarter 2024 results: EPS: €0.006 (in line with 2Q 2023). Revenue: €324.6m (up 11% from 2Q 2023). Net income: €800.0k (flat on 2Q 2023). Profit margin: 0.2% (down from 0.3% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Jul 01
Nokian Tyres plc Announces Its Romania Factory Produces the First Tire on Schedule to Start Commercial Tire Production in 2025 Nokian Tyres plc’s new passenger car tire factory being built in Oradea, Romania produced its first tire on July 1. The milestone was reached as planned, and the building project is progressing in budget and on schedule for commercial tire production to start in early 2025. The recruitment for the new Nokian Tyres employees for the Romania factory started 2023 and during 2023 and 2024 Nokian Tyres has recruited employees for both production and the office. The 60-member-strong launch team involved with the ramp-up of production trained in the Nokian Tyres factory in Finland during the spring. Altogether the factory will employ approximately 500 people. Announcement • Jun 13
Nokian Tyres plc Announces Nomination Board Appointments Nokian Tyres plc announced that the following members have been appointed to Nokian Tyres’ Shareholders' Nomination Board: Mr. Pauli Anttila (Investment Director, Solidium Oy), appointed by Solidium Oy; Mr. Mikko Mursula (Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance Company), appointed by Ilmarinen Mutual Pension Insurance Company; Ms. Marie Karlsson (Chief Investment Officer, Nordic, Finnish and Swedish Equities at Nordea Asset Management) appointed by Nordea funds; Mr. Timo Sallinen (Director, Head of Listed Securities, Varma Mutual Pension Insurance Company), appointed by Varma Mutual Pension Insurance Company; Mr. Jukka Hienonen, Chairman of the Board, Nokian Tyres plc. Announcement • May 23
Elisa Erkkilä Joins as Nokian Tyres' General Counsel and Member of the Group Management Team Elisa Erkkilä (LL.M,) has been appointed General Counsel and a member of the Nokian Tyres’ Group Management Team as of June 1, 2024. She will be acting also as a secretary to the Board of Directors. Elisa joins the company from Fondia Plc where she currently works as Senior Legal Counsel and Group Compliance Officer. In Nokian Tyres Elisa will report to President and CEO Jukka Moisio. Elisa has a broad experience in working in leading legal, compliance and risk management functions in international listed companies such as Musti Group Plc, Neles Corporation and Metso Corporation. Board Change • May 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Elina Björklund was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2024 earnings released: €0.18 loss per share (vs €0.14 loss in 1Q 2023) First quarter 2024 results: €0.18 loss per share (further deteriorated from €0.14 loss in 1Q 2023). Revenue: €236.6m (flat on 1Q 2023). Net loss: €25.5m (loss widened 36% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 23
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 15 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.1%. Within top quartile of Austrian dividend payers (5.8%). Higher than average of industry peers (3.4%). Announcement • Apr 05
Veronica Lindholm and George Rietbergen Not to Stand for Re-Election as Board of Directors of Nokian Tyres plc Nokian Tyres plc announced that current board members, Veronica Lindholm and George Rietbergen have informed that they are not available for re-election to the Board of Directors at the AGM to be held on April 30, 2024. Declared Dividend • Mar 14
Final dividend of €0.35 announced Dividend of €0.35 is the same as last year. Ex-date: 30th April 2024 Payment date: 15th May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 575% to bring the payout ratio under control. EPS is expected to grow by 182% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: €0.091 (vs €0.11 in FY 2022) Full year 2023 results: EPS: €0.091 (down from €0.11 in FY 2022). Revenue: €1.17b (down 13% from FY 2022). Net income: €12.5m (down 18% from FY 2022). Profit margin: 1.1% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Nokian Renkaat Oyj announced that it expects to receive €5 million in funding from SIA BITE Latvija Nokian Renkaat Oyj announced a private placement for the gross proceeds of €5,000,000 on February 26, 2024. The transaction will include participation from new investor SIA BITE Latvija. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: €0.091 (vs €1.27 loss in FY 2022) Full year 2023 results: EPS: €0.091 (up from €1.27 loss in FY 2022). Revenue: €1.17b (down 34% from FY 2022). Net income: €12.5m (up €188.0m from FY 2022). Profit margin: 1.1% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Nov 30
Nokian Renkaat Oyj Announces Board Resignations Nokian Renkaat Oyj announced George Rietbergen and Veronica Lindholm have informed that they are not available for re-election to the board of directors. New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (4.3% average weekly change). Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: €0.03 (vs €0.18 in 3Q 2022) Third quarter 2023 results: EPS: €0.03 (down from €0.18 in 3Q 2022). Revenue: €276.1m (down 41% from 3Q 2022). Net income: €4.20m (down 83% from 3Q 2022). Profit margin: 1.5% (down from 5.2% in 3Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Oct 26
Nokian Renkaat Oyj Decides on the Payment of the Second Dividend Installment, payable on December 5, 2023 The Board of Directors of Nokian Tyres plc has decided that a second dividend installment of EUR 0.20 per share will be distributed for the year 2022. The dividend is based on the authorization given by Nokian Tyres' Annual General Meeting 2023. The second dividend installment will be paid to shareholders who are registered in the company's shareholders' register maintained by Euroclear Finland Oy on the dividend record date of November 2, 2023. The dividend payment date is December 5, 2023. Announcement • Oct 20
Nokian Tyres Launches a Test-Winning VF Tractor Tire and VF Flotation Tire for Efficient Farming, at Agritechnica 2023 in November Nokian Tyres announced Flexforce VF is a unique new tire technology that enables more efficient agricultural work by creating an XXL-sized ground contact and by reducing loss of power. The first tractor tire utilizing this technology is Nokian Tyres Soil King VF, which has already proven to be ahead of competition in third-party tests. A new flotation tire for high-capacity tankers and trailers, Nokian Tyres Float King VF, complements the Flexforce VF range. Nokian Tyres is proud to present the new tires as well as the existing range of special tires at the agricultural trade fair Agritechnica 2023 in Hanover, 12-18 November. To make the most out of long working days, farmers need power and scale. With high power and high capacity comes the challenge of improving productivity and reducing cost, which is also the sustainable way to go. At Agritechnica, the highlight of the Nokian Tyres stand are the two tire models utilizing Nokian Tyres Flexforce VF – a brand-new tire technology that combines strength with high flexibility for the most efficient XXL-size ground contact with improved energy efficiency. Introducing two new tires for efficient farming: Nokian Tyres Soil King VF is the first tire for high-powered tractors utilizing the new Flexforce VF tire technology. It has been tested by the highly regarded DLG, or Deutsche Landwirtschafts-Gesellschaft. The comparison against other premium agricultural tires proved its best-in-class performance in field and transport work with lower wheel slip and fuel consumption as well as a larger treated area per hour. Nokian Tyres Float King VF is a new tire for high-capacity trailers and tankers utilizing the Flexforce tire technology. It has proven exceptional efficiency with flotation and grip in challenging soil conditions. Step into the world of Nokian Heavy Tyres: The Agritechnica trade fair brings professionals together and gives a glimpse into the future of agriculture. In a crowded trade fair, it's not just about the products – it's about the experience. For Agritechnica, Nokian Tyres has built a hybrid booth that gets one as close to the real-life experience of farming work as one can get in an exhibition hall. And there is a lot more to experience than just the new Flexforce VF products with a whole range of agricultural tractor, trailer and tanker tires as well as complete wheels. Announcement • Oct 18
Nokian Tyres Upgrades its Central European All-Season Tire, Nokian Tyres Seasonproof Nokian Tyres announced that it is upgrading its Central European all-season tire, Nokian Tyres Seasonproof. Nokian Tyres Season proof 1 comes with improved wear resistance and mileage, and offers a comprehensive product range for passenger cars, crossovers, and sport utility vehicles. Nokian Tyres' all-season products are designed for drivers who need reliability and first-class safety for snowy and slushy winter days but who also appreciate excellent performance and effortless driving feel in the summer. The new Nokian Tyres seasonproof 1 is developed to meet the needs of Central European drivers and designed to be flexible and adaptable in year-round conditions. For several years, the all-season tire segment has grown most in Central Europe. In general, the market has almost doubled during the last five years. There are differences between countries, but for example France, one of the biggest all-season markets, has tripled its size. Dealers and consumers alike realize that products like Nokian Tyres Season Proof 1 are an ideal option for Central European drivers who may experience unpredictable winter weather and need a year-round option. The versatile safety properties and four-season convenience are key reasons behind an increasing number of European vehicles being fitted with all-season tires, says Tommi Alhola, Vice President of Passenger Car Tyres, Central Europe for Nokian Tyres. The tread design is tailored for optimal year-round use and multiple innovative technical solutions ensure maximum safety, improved durability, and low rolling resistance. To offer even more kilometers, Nokian Tyres season proof 1 comes with major improvements in wear resistance. Improved mileage means a longer service life for the tire. Based on internal tests, the wear resistance is up to 30% better compared to Nokian Tyres Season resistant, the all-season tire that was launched two years ago. The upgraded Nokian Tyres Seasonresistant 1 offers safety and year-round convenience for Central European drivers. All the sizes come with the Snowflake symbol (3PMSF), which indicates that the tire has been officially approved for winter use. The product range offers sizes for modern passenger cars, SUVs and CUV's with a selection of 63 products from 15 to 19 inches, with speed ratings of T (190 km/h), H (210 km/h) V (240 km/h) W (270 km/h) and Y (300 km/h). Nokian Tyres SeasonProof 1 will be available for consumers by the end of the year. Convenience meets safety: Nokian Tyres Season waterproof 1 offers a practical solution for drivers who want to say goodbye to the seasonal tire changes but still want a safe option for snowy, slushy, and rainy roads. Nokian Tyres's expertise in safety and varying driving conditions is evident in the Season Sense concept, that is developed for versatile all-season use. It ensures safe driving in rain and slush and precise handling on dry roads on hot summer days. The Season Sense concept combines multiple innovative technical features in the tire's siping, tread design and rubber compound. Nokian Tyres season Proof 1 excels in varying conditions; it works magnificently along a wide range of temperatures and can withstand intense wear even in intense summer heat. The impressive winter properties offer safety from the milder winter days to the ones below zero. The wear resistance of the new Seasonproof 1 has seen a major upgrade. Compared to Nokian Tyres season resistant, Seasonproof 1 offers up to 30% better mileage. Nokian TyresSeasonproof 1 - Peace of mind beyond four seasons; First-class safety all-year round, especially on snow and rain; Premium wet performance and aquaplaning prevention. Announcement • Sep 29
Nokian Tyres Appoints Susanna Tusa as General Director and Vice President for Nokian Tyres Romania Operations, Overseeing the Romania Factory Project Nokian Tyres appointed Susanna Tusa as general director and vice president for Nokian Tyres Romania Operations, overseeing the Romania factory project. This factory, a groundbreaking initiative in Oradea, North-West Romania, aims to be the world's inaugural zero CO2 emission tire manufacturing facility. Production is slated to commence in H2 2024, with commercial tire manufacturing commencing in early 2025. Susanna Tusa's tenure at Nokian Tyres began in 2008 and featured roles such as group general counsel and oversight of global supply chain purchases. Since 2022, she has been pivotal in launching passenger car tire contract manufacturing, encompassing partner selection and negotiation of agreements. As general director of Romania operations and lead of the Romania factory project since September, her mandate encompasses establishing Nokian Tyres' presence in Romania, heading the local management team, and overseeing the factory's construction in Oradea. The Romania factory will join the global Nokian Tyres manufacturing network alongside facilities in the US and Finland, boasting an annual production capacity of 6 million tires with potential for future expansion. Specializing in larger rim size passenger car and SUV tires primarily destined for the Central European market, the site will also house a distribution facility covering a combined built-up area of approximately 100,000 m2. This ambitious greenfield project entails an estimated investment of around EUR650m, signifying one of Romania's most substantial recent investments. Announcement • Sep 05
Nokian Renkaat Oyj Announces CFO Changes Nokian Renkaat Oyj announced that Mr. Niko Hvisto (M.Sc., Economics) has been appointed Nokian Tyres' new Chief Financial Officer (CFO) and a member of the Management team. He will start in the position on October 1, 2023, and report to President & CEO Jukka Moisio. Jari Huuhtanen, VP, Group Business Control, will continue in the interim role as SVP, Finance and Treasury, until the end of February 2024. Niko Haavisto has served in various versatile international corporate financial positions, most recently in CapMan Plc. Announcement • Sep 01
Teemu Kangas-Kärki to Leave the Nokian Tyres plc as CFO and Member of the Management Team, Effective November 30, 2023 Nokian Tyres plc announced Teemu Kangas-Kärki, Nokian Tyres CFO and member of the Management Team, has decided to leave the company. Kangas-Kärki will continue in the company until November 30, 2023. The recruitment process for his successor has started. Announcement • Aug 31
Jari Huuhtanen to Appoint Interim Role as SVP, Finance and Treasury of Nokian Tyres plc Nokian Tyres plc announced Jari Huuhtanen, VP, Group Business Control, will have an interim role as SVP, Finance and Treasury, until the successor for the position has started. Announcement • Aug 17
Nokian Tyres Introduces New Electric FITtm symbol to Help the Growing Number of Electric Vehicle Drivers Find Suitable Tires for Their Cars Nokian Tyres plc introduced new ELECTRIC FIT™? symbol to help the growing number of electric vehicle drivers find suitable tires for their cars. What started as a niche market has grown into an interest of the masses, as the number of electric vehicles (EV) bought each year keeps growing globally. With the expanding EV market, tire design is also affected by the electrification of driving. Nokian Tyres has designed and tested tires with electric cars in mind for more than 10 years. As proof of compatibility for EVs, Nokian Tyres introduces a new ELECTRIC FIT™™? symbol for its Nokian Tyres®? branded premium tires. To help electric vehicle drivers find compatible tires, Nokian Tyres is introducing the new ElectricRIC FIT™? symbol for its full portfolio of existing and future premium products. The symbol indicates that NokianTyres®? tires can be equally fitted on internal combustion engine and electric cars providing safe and high-quality product performance regardless of the car's powertrain. The new ELECTRIC FITtm symbol will be used globally to communicate that the premium tire range is electric vehicle compatible and distributed in all relevant channels to help tire professionals and consumers identify Nokian Tyres' products as a high-quality tire fitment for electric cars. Tires for EVs need to carry heavier loads because of the extra weight of the battery. They must also instantly respond to the high-torque power of the vehicle and be reliably controlled in any condition or situation. "Our starting point is that all products make driving safe no matter what car drive. Testing has remained a key to ensure tire performance is seamlessly integrated with electric vehicles. The changing powertrain of the vehicles has not actually greatly changed focus. In addition to advancing safety, have always developed other tire properties such as low rolling resistance, durability, and comfort on a high level. Continuous innovation guarantees a seamless fit for EVs: Nokian Tyres invented the world's first winter tire in 1934. From that day on, the company has been innovating for safer driving in all conditions and seasons - and for all vehicles. The research and development work for EVs started already more than a decade ago. As a result of the groundbreaking R&D work, Nokian Tyres launched the world's first winter tire designed specifically for electric cars, as early as 2014. At the time of the launch, the tire was also the world's first winter tire with an A energy rating for rolling resistance. In 2012, the same year Tesla introduced the Model S, Nokian Tyres achieved the world record for driving fastest on ice (252.09 km/h (156.64 mph)) with an electric car. In 2020 the company introduced the first studded tire in the world designed for electric cars. Announcement • Jul 23
Nokian Renkaat Oyj Provides Earning Guidance for 2023 Nokian Renkaat Oyj provided earning guidance for 2023. In 2023, Nokian Tyres' segments net sales are expected to be between EUR 1,300-1,500 million and segments operating profit percentage of net sales between 6-8%. It is expected that due to seasonality, the segments operating profit will be generated in the second half of the year. As of 2023, segments net sales and segments operating profit exclude Russia and other items, which are not indicative of Nokian Tyres' underlying business performance. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: €0.004 (vs €1.67 loss in 2Q 2022) Second quarter 2023 results: EPS: €0.004 (up from €1.67 loss in 2Q 2022). Revenue: €293.1m (down 39% from 2Q 2022). Net income: €800.0k (up €231.9m from 2Q 2022). Profit margin: 0.3% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Jun 13
Nokian Tyres Plc Appoints Nomination Board 2023 Nokian Tyres appointed members to Shareholders' Nomination Board: Mr. Pauli Anttila (Investment Director, Solidium Oy), appointed by Solidium Oy; Mr. Timo Sallinen (Director, Head of Listed Securities, Varma Mutual Pension Insurance Company), appointed by Varma Mutual Pension Insurance Company; Mr. Mikko Mursula (Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance Company), appointed by Ilmarinen Mutual Pension Insurance Company; Mr. Carl Pettersson (CEO, Elo Mutual Pension Insurance), appointed by Elo Mutual Pension Insurance; Mr. Jukka Hienonen, Chairman of the Board, Nokian Tyres plc. Shareholders' Nomination Board prepares proposals to the General Meeting concerning the election and remuneration of the Board of Directors. The Nomination Board consists of five members of which four members represent the Company's four largest shareholders, and one member is the Chairman of the Board. New Risk • Jun 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.1% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.