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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      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.

I looked online and the retail price for something like that is about €2,500.  Source: https://www.rengas-online.com/rshop/Renkaat/Nokian/MPT-Agile-2/14-00-R20-164G-TL/R-453010 If the vehicles are built in Finland and those are the original equipment tires, and assuming Nokian Tyres gets, say, €2,200/tire in revenue, then for 876 vehicles with 5,256 tires, it amounts to approx. 11.5 million euros. I don’t know what the profit margin is for heavy tires, but it’s sure to leave something for the bottom line. And even if the Germans install Michelins, Pirellis, or Linglongs on them in the future, it doesn’t matter. I wonder if the deal required that the original equipment tires must be something other than Nokian? I see a very good probability here that Nokian has also received an order from this.

I wouldn’t celebrate that order too much. Out of a couple of billion, the share of tires is small, and let’s say the impact on Nokian Tyres’ result is small, especially if the vehicles in question are equipped with, for example, Michelin tires  I wonder how many sets of tires are sold for one vehicle? If one tire leaves a thousand in pure profit, then for example 5,000 tires makes 5 million. Referring to the below, 5 million is probably a bit on the high side for the bottom line, 2-3 million is likely closer, and that is spread over a few years, so one won’t be living like royalty on this money yet. It does, however, have an effect in helping prevent the company from falling into a complete crisis.

Although the previous respondents spent 30 seconds asking an AI about the matter and copy-pasted the answer without much thought, it may be that the 6x6 uses Nokian Tyres, or it may not.  In the Iltalehti news article that the other AI refers to, Nokian Tyres are mentioned:  Patria’s vehicles aim for cost-efficiency. The rims come from Hutchinson, and the black rubber is provided by Nokian Tyres.  But the same article also says:  For the sake of operational reliability, local manufacturing is preferred. Production must continue to roll even in a potential crisis situation.  Most of the 6x6 vehicles ordered by Germany are manufactured in Germany. So it is very possible that they use Continental or Michelin tires, which are more local than those coming from Finland. And at least in some of the 6x6 press photos, Michelin tires are visible.

Gemini3: “The tire used in Patria 6x6 vehicles is the Nokian Tyres MPT Agile 2. It is a specialty tire designed specifically for military and off-road trucks, developed in collaboration with the Finnish Defence Forces. Here are the tire’s key features in Patria 6x6 use:   Developed for northern conditions: The tire is designed to perform not only in mud and rocky terrain but also on snow and ice. Since the Patria 6x6 was originally designed for the needs of Finland and Latvia (CAVS project), winter grip is a critical feature.   Collaboration with the Defence Forces: The tire was released around the same time as the development of the Patria 6x6 vehicle (approx. 2018). It is the successor to the previous MPT Agile model, and its development emphasized security of supply and compatibility with the Defence Forces’ equipment.   Run-flat capability: In military use, tires are often equipped with so-called run-flat inserts (e.g., Hutchinson), which allow driving to continue even if the tire is damaged or hit by bullets/shrapnel.   Symmetrical pattern: The tire’s tread pattern is symmetrical, meaning it works equally well regardless of the direction of rotation. This facilitates maintenance and tire installation in field conditions.”

Grok: “Patria’s armored vehicles, especially newer models such as the Patria 6x6 (also in the CAVS project), use Nokia Tyres (Nokian Renkaat).  Several reliable Finnish sources (such as Iltalehti and Tekniikka&Talous) directly mention that in Patria’s vehicles, the rims come from Hutchinson and the tires (black rubber) from the company Nokia Tyres (Nokian Renkaat). This is emphasized in the context of cost-effectiveness and the domestic supply chain.  In older models (such as the XA-series Pasi), the tire manufacturer is not as clearly documented in public sources, but in newer production, Nokia Tyres (Nokian Renkaat) is a clear choice. Patria’s official pages or technical specs do not always specify the tire manufacturer, but journalistic reports from vehicle presentations confirm this.”

Germany orders up to more than 800 armored vehicles from Patria, total value including options is over two billion euros | Uutissuomalainen | Hämeen Sanomat Do the Pasis have Nokian Tyres?

Before someone wonders why it’s rising today… Danske Bank Upgrades Nokian Tyres to Buy (Sell), Target Price Set at 10 Euros - BN

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 %	6.0 %	6.0 %
P/E (adj.)	8.4	21.4	14.7
EV/EBITDA	7.5	7.8	6.9

Nokian Tyres: Outlook unchanged for this and coming years

Key Estimate Figures2023-07-23

Forum discussions