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    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

(TYRES)
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Presentaatio (eng)

11/04/2021 | 03:52am EST

S T R O N G V O L U M E A N D P R O F I T G R O W T H

I N T E R I M R E P O R T J A N U A R Y - S E P T E M B E R 2 0 2 1

N O V E M B E R 2 , 2 0 2 1

J U K K A M O I S I O - C E O

T E E M U K A N G A S - K Ä R K I - C F O

NOKIAN TYRES'

REVISED GROWTH STRATEGY: AMBITIOUS LEAP FORWARD

M I D - T E R M T A R G E T : E U R 2 B I L L I O N I N N E T S A L E S W I T H

2 0 % O P E R A T I N G P R O F I T A N D R O C E

P U R P O S E

E M P O W E R T H E W O R L D T O D R I V E S M A R T E R

M I D - T E R M T A R G E T S

E U R

2 BILLION

N E T S A L E S

WE DRIVE TOPLINE WITH NEW PRODUCTS AND STRONGER GO - TO - MARKET

BUSINESS AREA AND UNIT RO LES

  • NORDICS & VIANOR: Str engthen #1 position
  • RUSSIA: Str engthen #1 position
  • CENTRAL EUROPE: Gr ow sales by ~ 50%
  • NORTH AMERICA: Gr ow sales by ~ 100%
  • HEAVY TYRES : Gr ow sales by ~ 50%

FINANCIAL TARGETS

  • Gr owing faster than the mar ket
  • High r etur ns & pr ofitability: Segments O perating Pr ofit & Segments RO CE
    at the level of 20%
  • Growing ordinary dividend: >50% of net ear nings

F I V E

C O R N E R S T O N E S

SAFEST TIRES

RESPONSIVE AND

CONSUMER -

LEADER IN

NOKIAN TYRES

for our success

FOR ALL

EFFECTIVE

TRUSTED

SUSTAINABILITY

TEAM

CONDITIONS

SUPPLY CHAIN

PREMIUM BRAND

V A L U E S

WE

Care

Dr ive

Deliver

TOGETHER

innovation

high r esults

Q 3 : S T R O N G D E M A N D

F O R N O K I A N T Y R E S P R O D U C T S

Q3 NET SALES AND OPERATING PROFIT INCREASED SIGNIFICANTLY

  • Net sales EUR 443.5 million (349.9), +24.6% with comparable currencies
    • All-timehigh third quarter net sales both in Passenger Car Tyres and Heavy Tyres
    • Strong demand for Nokian Tyres products in all markets
  • Segments operating profit EUR 96.9 million (69.3)
    • Driven by increased sales volume
    • Price increases to combat cost inflation, leading to higher ASP
    • Prudent cost control continued

5

Disclaimer

Nokian Renkaat Oyj published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 08:51:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 649 M 1 872 M 1 872 M
Net income 2021 233 M 265 M 265 M
Net cash 2021 14,4 M 16,4 M 16,4 M
P/E ratio 2021 19,8x
Yield 2021 4,11%
Capitalization 4 608 M 5 257 M 5 232 M
EV / Sales 2021 2,79x
EV / Sales 2022 2,58x
Nbr of Employees 5 080
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Technical analysis trends NOKIAN RENKAAT OYJ
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 33,34 €
Average target price 32,20 €
Spread / Average Target -3,43%
EPS Revisions
Managers and Directors
Jukka Matias Moisio President & Chief Executive Officer
Teemu Johannes Kangas-Kärki Chief Financial Officer
Jukka Hienonen Chairman
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
Sector and Competitors