Presentaatio (eng)

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

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