Nokian Tyres: Spins and tightens
Nokian Tyres published its Q1 report yesterday. The start of the year was still quite unproblematic for the company but with new EU sanctions especially the second half of the year will inevitably become tricky. It takes time to change the production structure and its currently difficult to assess long-term value creation.
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Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also operates the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company began manufacturing tires for passenger cars in 1932 and is headquartered in Nokia, Finland.
Read more on company pageKey Estimate Figures28.04.2022
| 2021 | 22e | 23e | |
|---|---|---|---|
| Revenue | 1,714.2 | 1,424.6 | 1,704.5 |
| growth-% | 30.5 % | -16.9 % | 19.6 % |
| EBIT (adj.) | 324.9 | 162.7 | 274.5 |
| EBIT-% (adj.) | 19.0 % | 11.4 % | 16.1 % |
| EPS (adj.) | 1.84 | 0.91 | 1.54 |
| Dividend | 0.55 | 0.55 | 0.60 |
| Dividend % | 1.7 % | 4.3 % | 4.7 % |
| P/E (adj.) | 18.1 | 14.0 | 8.3 |
| EV/EBITDA | 10.5 | 6.2 | 4.6 |
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