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Nokian Tyres: Outlook unchanged for this and coming years

TYRESResearch2023-08-23 10:13
Inderes
Discuss
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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.

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 Figures2023-07-23

202223e24e
Revenue1,776.11,331.41,478.9
growth-%3.6 %-25.0 %11.1 %
EBIT (adj.)221.292.4125.6
EBIT-% (adj.)12.5 %6.9 %8.5 %
EPS (adj.)1.140.430.62
Dividend0.550.550.55
Dividend %5.7 %4.1 %4.1 %
P/E (adj.)8.431.521.5
EV/EBITDA7.511.09.4

Forum discussions

Rauli previews the Q3 results for Nokian Tyres, which will publish its report next Tuesday :)\n\n> We expect the company to continue its strong...
10/23/2026, 4:57 AM
by Sijoittaja-alokas
15
There seems to be a fairly strong order book in the infrastructure and defense sectors, so one would imagine compensatory growth coming from...
10/20/2026, 7:36 AM
by Kari Kokkonen
7
Weak figures from Ponsse today, and change negotiations launched on top of that due to weak demand. Competitor Deere similarly announced change...
10/20/2026, 7:14 AM
by Rauli_Juva
24
DNB Carnegie downgrades Nokian Tyres to Hold (previously Buy), reiterates target price of EUR 16.50.
10/5/2026, 5:15 AM
by Nightshade
9
Came across this in the news feed. Tekniikan Maailma – 1 Oct 26 Testi: Nokian Tyres Hakkapeliitta 01 – Toimiiko uutuusnasta kuten luvataan? ...
10/1/2026, 3:59 AM
by Nightshade
17
Unfortunately, the Kauppalehti article is behind a paywall, but luckily the source on which that “Crushing Verdict” is based is mentioned at...
9/29/2026, 4:57 AM
by Karibu
24
From KL’s site today kauppalehti.fi Uskomaton kitkarengas voitti kaikki nastarenkaatkin suuressa rengastestissä Uskomaton kitkarengas voitti...
9/29/2026, 4:08 AM
by Nightshade
13