Nokian Renkaat Oyj (HLSE:TYRES) will look for M&A opportunities. Jukka Moisio, President and Chief Executive Officer said, “Capital allocation and M&A, we'll look opportunities. Obviously, it's important to keep that focus that organic growth as well as M&A or acquired growth, we'll have to bring the returns that are attractive. And to the extent we cannot find and we will not be -- we are not able to develop those projects and so on, we will then return [indiscernible]’.