Nokian Renkaat Oyj (NKRKY)
| Previous close | 4.7300 |
| Open | 4.7500 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 4.5840 - 4.7500 |
| 52-week range | 3.2600 - 5.0500 |
| Volume | |
| Avg. volume | 2,353 |
| Market cap | 1.272B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 229.20 |
| EPS (TTM) | 0.0200 |
| Earnings date | N/A |
| Forward dividend & yield | 0.29 (6.43%) |
| Ex-dividend date | 01 May 2024 |
| 1y target est | N/A |
ReutersNokian Tyres' losses deepen on Red Sea crisis, strikes
HELSINKI (Reuters) -Finland's Nokian Tyres on Monday posted a deeper-than-expected operating loss for the first quarter following its exit from Russia, citing negative impacts from the Red Sea crisis and political strikes in Finland. The company is also still burdened by its exit from Russia last year following Moscow's 2022 invasion of Ukraine, which led Nokian to sell its Russian plant where it made 80% of its passenger car tyres. "The negative financial impact of the political strikes and the Red Sea crisis is approximately 20 million euros in EBITDA, of which more than half in Q1," Chief Executive Jukka Moisio said in a statement.
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.
