Nokian Tyres: Outlook unchanged for this and coming years
We do not find the quarterly figures very interesting due to the transition phase at Nokian Tyres. However, the Q2 result was roughly in line with our expectations and the company reiterated its guidance for the full year. We see solid return potential for the company looking ahead to 2027-2028, when the Romanian plant should be in full swing.
Nokian Tyres
Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also has 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 started manufacturing passenger car tires in 1932, and its headquarters is located in Nokia, Finland.
Read more on company pageKey Estimate Figures23.07.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 1.776,1 | 1.331,4 | 1.478,9 |
vækst-% | 3,61 % | -25,04 % | 11,08 % |
EBIT (adj.) | 221,2 | 92,4 | 125,6 |
EBIT-% (adj.) | 12,45 % | 6,94 % | 8,49 % |
EPS (adj.) | 1,14 | 0,43 | 0,62 |
Udbytte | 0,55 | 0,55 | 0,55 |
Udbytte % | 5,74 % | 7,45 % | 7,45 % |
P/E (adj.) | 8,40 | 17,27 | 11,81 |
EV/EBITDA | 7,54 | 6,44 | 5,92 |