contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nokian-tyres-outlook-unchanged-and-coming-years

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Rauli Juva

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.

Is the impact of the rise in crude oil prices on raw material costs starting to gradually materialize?

Exactly – the temperature difference between the air and the road surface is not very large, and secondly, comparing it to the sensation on human skin is beside the point.  If an object is at a certain temperature and air of the same temperature is blown onto it at high speed, the object’s temperature will not change unless the speed is so high that the rise in heat produced by the resulting friction can be detected.

Living here in Lapland, you’d wish for tires to work according to the temperature, so that when it warms up, the studs come out, and when it gets colder, they retract  Most often, it’s slipperiest near zero, and there’s plenty of grip in twenty-below frosts.

The situation is not quite comparable because it’s specifically about heat transfer efficiency rather than just airflow/wind chill / temperature.  In a sauna, there is very high humidity which makes heat transfer efficient, whereas freezing air is very dry, meaning it transfers heat poorly even if there is a temperature difference between the elements. This difference is also smaller than in a sauna (38C vs 100C) and under humid conditions.

Try blowing on your hand in a sauna and it’ll really start to burn. Airflow does the same to a tire, and since it spends 10-20x more time in the air than in contact with the road, it’s impossible to think that air temperature wouldn’t have an effect. But regardless, as a shareholder I naturally hope there’s demand for these, even if I am skeptical about their functionality. With a good story, you can sell at least one set to those willing to try; if a second round doesn’t follow, then production will cease.

nokiantyres.studio.crasman.cloud              Nokian_Renkaat_Vuosikertomus_2025.pdf    23.81 MB                            Annual report is out for those interested.

“The studs touch the road for maybe 5% of the total tire rotation time. During that time, they react to the road temperature, and 95% of the time they manage not to react to the air temperature?” Air transfers heat very slowly / with low “power” (air is a very good insulator for exactly that reason), so no, the tire’s operation couldn’t even be based on that. You can test it for yourself outdoors: you can easily be without gloves, but try pressing your palm against ice on the ground. Or in a sauna: you don’t burn even at 100 degrees, but if you touch, say, 100-degree water, you’ll burn immediately.

Nokian Tyres

We do not find the quarterly figures very interesting due to the transition phase at Nokian Tyres. However, the Q2 result was roughly in line with our expectations and the company reiterated its guidance for the full year. We see solid return potential for the company looking ahead to 2027-2028, when the Romanian plant should be in full swing. 

<p>We do not find the quarterly figures very interesting due to the transition phase at Nokian Tyres. However, the Q2 result was roughly in line with our expectations and the company reiterated its guidance for the full year. We see solid return potential for the company looking ahead to 2027-2028, when the Romanian plant should be in full swing. </p> 

	2022	23e	24e
Revenue	1,776.1	1,331.4	1,478.9
growth-%	3.6 %	-25.0 %	11.1 %
EBIT (adj.)	221.2	92.4	125.6
EBIT-% (adj.)	12.5 %	6.9 %	8.5 %
EPS (adj.)	1.14	0.43	0.62
Dividend	0.55	0.55	0.55
Dividend %	5.7 %	5.9 %	5.9 %
P/E (adj.)	8.4	21.9	15.0
EV/EBITDA	7.5	7.9	7.1

Nokian Tyres: Outlook unchanged for this and coming years

Key Estimate Figures2023-07-23

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