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Nokian Tyres: New tracks!
Nokian Tyres, aka Nokian Renkaat - one of few companies that managed to get some money out of their Russia exit. The current state is best described as a transition period: ramping-up the factory in Romania and increasing capacity in existing Finnish and US sites. Earnings hit bottom in 2023, from which the company will start to improve its performance. Analyst Rauli Juva summarizes.
Content:
00:00 Start
00:11 Nokian Renkaat or Nokian Tyres
00:38 Before and after the exit from Russia
02:10 Rebuilding
04:50 USA
06:45 Romania
09:15 Valuation
12:13 To buy or not to buy
Read the latest research: Nokian Tyres: Outlook unchanged for this and coming years, published 2023-07-23