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Nokian Renkaat Oyj (0FFY.IL)
| Previous close | 9.02 |
| Open | 0.00 |
| Bid | 8.81 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 0.00 - 0.00 |
| 52-week range | |
| Volume | |
| Avg. volume | 73,311 |
| Market cap | 1.241B |
| Beta (5Y monthly) | 0.88 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.52 |
| Earnings date | N/A |
| Forward dividend & yield | 0.35 (4.57%) |
| Ex-dividend date | 27 Apr 2023 |
| 1y target est | N/A |
ReutersNokian Tyres says production capacity increasing gradually after Russia exit
HELSINKI (Reuters) -Finland's Nokian Tyres on Tuesday posted a third-quarter operating profit below analysts' expectations and said it was making good progress in rebuilding capacity following its exit from Russia. The tyre maker exited Russia in response to its 2022 invasion of Ukraine, and last October sold its Russian plant where it used to make 80% of its passenger car tyres. The new factory "is starting to take shape and is well on track for the first tyres to be produced in less than a year," Nokian Tyres CEO Jukka Moisio said, referring to the second half of 2024.
- Reuters
Nokian Tyres cuts sales, operating profit guidance for 2023
The company said in a statement that it now expects segment net sales to be approximately 1.15 billion euros to 1.2 billion euros ($1.22 billion-1.27 billion) and operating profit to be around 5.5% to 6% of net sales. Nokian reported preliminary segment sales for the third quarter at about 275 million euros, down from 333.5 million euros a year ago. Nokian said segments net sales and segments operating profit exclude the exited Russian business and other items not indicative of business performance.
ReutersNokian Tyres profit tumbles amid Russian exit
HELSINKI (Reuters) -Finland's Nokian Tyres on Friday reported a sharp fall in operating profit for the second quarter, sending its shares down 8%, though it expects the second half of the year to be stronger as winter tyre sales pick up. The company reported a second-quarter operating profit of 9.5 million euros ($10.57 million) compared to a year-earlier profit of 46.9 million euros, adjusted from an initially reported loss due to the impact of its withdrawal from Russia. The exit from Russia has led to Nokian losing 80% of its annual passenger car tyre production capacity with the company now focused on sourcing from China and ramping up production at existing Finnish and U.S. sites.
