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Research

Nokian Tyres: A demanding situation

By Joonas KorkiakoskiAnalyst
Nokian Tyres
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Nokian Tyres’ situation is difficult in the short term, as a rapid reduction in Russia risks is impossible and the operating environment is exceptionally unpredictable.

Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also operates the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company began manufacturing tires for passenger cars in 1932 and is headquartered in Nokia, Finland.

Read more on company page

Key Estimate Figures2022-04-01

202122e23e
Revenue1,714.21,648.31,761.4
growth-%30.5 %-3.8 %6.9 %
EBIT (adj.)324.9217.8278.3
EBIT-% (adj.)19.0 %13.2 %15.8 %
EPS (adj.)1.841.201.56
Dividend0.550.600.65
Dividend %1.7 %7.0 %7.6 %
P/E (adj.)18.17.15.5
EV/EBITDA10.53.73.2

Forum discussions

Isn’t he already a fifty-year-old guy whose world championship was 20 years ago or something?\nOn the other hand, buyers of new cars and those...
12/2/2025, 4:41 PM
by Jukka
9
Someone commented that Kimi has 3 million Instagram followers. The Rings have 8,000. Just one post from Kimi and the visibility is 500 times...
12/2/2025, 4:03 PM
by Haapismake
27
Nokian Tyres gets a new and quite prominent brand ambassador ! An interesting announcement; I can’t assess more precisely what that means in...
12/2/2025, 1:26 PM
49
Aapeli wrote about Deere’s market outlook, including forest machines, which are also relevant for Nokian Heavy Tyres. The market thus continues...
11/27/2025, 8:07 AM
by Rauli_Juva
14
Here are Rauli’s comments on European new car sales in October, which also slightly affects Renkaat (Tires). According to ACEA (European Automobile...
11/25/2025, 10:31 AM
by Sijoittaja-alokas
6
Yes, holiday bonuses and holiday pay, as well as sick leaves and public holidays, are practically indirect costs, even though people often want...
11/25/2025, 8:46 AM
by köbi
1
The employer’s ancillary costs are quite close to 20%. No employer pays 25% TyEL contributions. The employee’s share is 7.15%. Holiday pay and...
11/25/2025, 8:34 AM
by Perttu Hämäläinen
7
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