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Nokian Renkaat Oyj (0FFY.L)

LSE - LSE Delayed price. Currency in EUR
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11.14-0.06 (-0.54%)
At close: 08:00AM BST
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Previous close11.19
BidN/A x N/A
AskN/A x N/A
Day's range11.14 - 11.14
52-week range11.14 - 11.14
Avg. volumeN/A
Market capN/A
Beta (5Y monthly)0.91
PE ratio (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters

    Nokian Tyres aims for Q3 decision on new plant to replace Russia production

    HELSINKI (Reuters) -Nokian Tyres plans an investment decision in the third quarter on a new production plant in Europe to replace Russian output, its chief executive said on Tuesday after the company plunged into the red in the second quarter. Shares in Nokian dived more than 10% after the Finnish company said its exit from Russia pushed it to make an operating loss for April-June of 203 million euros ($207.6 million), missing a forecast 33.1 million euro profit in a company-provided poll. Russia's attack on Ukraine, which Moscow calls a "special operation", and sanctions put in place by the European Union forced Nokian to halt production at its plant near St Petersburg, where the company used to make 80% of its passenger car tyres.