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Nokian Panimo

2.52 EUR+0.80 %10.9. klo 18.25
Less than 1K followers

BEER

First North Finland

Food & Beverage

Consumer Goods & Services

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Financials & Estimates
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Dividend
Short Selling
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+0.80 %
+0.40 %
+0.80 %
+2.23 %
+6.11 %
+2.44 %
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Nokian Panimo is a brewery. The brewery produces everything from beer and cider, to non-alcoholic beverages such as mineral water and soft drinks. The brewery's best-known brand is the Keisari series of beers. The brewery also produces small batches of named beers on request. Nokian Panimo was founded in 1991 and is headquartered in Nokia, Finland.

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Market cap
25.44M EUR
Turnover
10.56K EUR
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EV/EBIT (adj.) (26e)
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EV/S (26e)
Dividend yield-% (26e)
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Updated
09.09.2026
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Forum discussions
Greetings to the Brewery thread! We started our coverage of Nokian Panimo today, the report can be found here The company has a great growth history of nearly 20 years behind it in a declining beer market, and we believe that the company will be able to continue this (and naturally...
9/9/2026, 5:24 AM
by Rauli_Juva
34
Today, information on the new autumn releases was apparently published, one of which was already discussed above. Beers: Keisari West Coast IPA 5.0% is a heavily hopped and freshly citrusy IPA. A structured and aromatic IPA where the hopping gives the beer a rich and fresh flavor...
9/7/2026, 7:18 AM
by JuhaR
11
Based on the recent video interview, I already guessed that Inderes coverage for the company is likely on the way. By the way, I figured in my mind that the target price would probably be set with a certain principle of caution, around 2.2–2.5 euros. As an analyst, I’d probably take...
yesterday
by JuhaR
7
[quote=“Rauli_Juva, post:315, topic:59428”] After the investments of the coming years, the beer capacity will already be close to the craft brewery limit of 15 million litres (though some of it will be non-alcoholic in the future, which doesn’t count towards the limit), so in my ...
yesterday
by JuhaR
4
Although nobody really asked me, I’ll comment on a couple of points I agree. The only problem is what to strip out from there—meaning whether one assumes the market values Belarus at zero or something else, and how the cash held there is treated. OP (Pohjola Bank) covers Olvi, so...
yesterday
by Rauli_Juva
4
Fixed costs in the industry are severe. Volume growth shouldn’t show up significantly as cost increases for Nokian Panimo, which in turn compensates for the loss of subsidies. I won’t give out example figures too much, as they likely fall under my non-disclosure agreement (I haven...
yesterday
by ozkuz
3
Could someone pitch Nokia Panimo (Nokia Brewery) to me as an investment case? Mostly, I’m skeptical about the limits of growth related to the tax cut for craft breweries. After all, the current profit is generated purely by the tax break.
yesterday
by JBulli
2
Read more on our forum
Rauli Juva
Rauli Juva

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Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.11.
2026

Business review Q3'26

Third party research02.03.2026 klo 09.27

Nokian Panimo: Solid H2, stage set for further growth - Evli

Nokian Panimo delivered a solid H2 in line with expectations, entering 2026 with a record product launch pipeline and added capacity enabling growth going ahead.

Nokian Panimo
Third party research27.02.2026 klo 09.52

Nokian Panimo: Solid across the board - Evli

Nokian Panimo's H2 report was roughly in line with our estimates at the top line and EBITDA level, but beat expectations at the bottom. Market share gains continued across all beverage categories despite difficult market conditions, with other beverages...

Nokian Panimo
Third party research25.02.2026 klo 09.46

Nokian Panimo: Acceleration from H1 expected - Evli

Nokian Panimo reports H2’25 figures on Friday. Despite the November profitability guidance cut, we expect progress from H1 across key metrics driven by stronger demand indicators.

Nokian Panimo

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Third party research25.11.2025 klo 09.22

Nokian Panimo: Consumer demand mix pressures margins - Evli

Nokian Panimo cut its 2025 EBITDA margin guidance due to weaker-than-expected profitability after the summer season. Before the profit warning, our estimates were already at the lower end of the earlier range. We cut 2025E EBITDA by ~8% and reiterate...

Nokian Panimo
Third party research22.08.2025 klo 10.44

Nokian Panimo: Solid debut sets base for H2 ramp up - Evli

Nokian Panimo delivered a solid debut performance that met expectations despite challenging weather conditions, with the new logistics center and improved seasonal dynamics setting the stage for anticipated H2 ramp up.

Nokian Panimo
Third party research19.08.2025 klo 10.32

Nokian Panimo: Resilience expected amid softer market - Evli

We expect Nokian Panimo's debut earnings as a listed company to demonstrate resilience despite challenging weather conditions, supported by capacity investments and continued market share gains.

Nokian Panimo
Third party research17.06.2025 klo 13.07

Nokian Panimo: Brewing profitable growth - Evli

We initiate coverage of Nokian Panimo with a target price of EUR 2.7 and an ACCUMULATE rating. The company is well- positioned to advance its organic growth strategy, supported by a clearly defined investment plan. A leading player in the Finnish microbrewery...

Nokian Panimo
What to look for in a Consumer Goods Company? | Consumer Goods Night June 9, 202513:20
Video16.06.2025 klo 14.30

What to look for in a Consumer Goods Company? | Consumer Goods Night June 9, 2025

The operating environment has been challenging for Consumer Goods Companies.

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