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Nokian Tyres: A demanding situation

By Joonas KorkiakoskiAnalyst
Nokian Tyres’ situation is difficult in the short term, as a rapid reduction in Russia risks is impossible and the operating environment is exceptionally unpredictable.
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 Figures01.04.2022
| 2021 | 22e | 23e | |
|---|---|---|---|
| Revenue | 1,714.2 | 1,648.3 | 1,761.4 |
| growth-% | 30.5 % | -3.8 % | 6.9 % |
| EBIT (adj.) | 324.9 | 217.8 | 278.3 |
| EBIT-% (adj.) | 19.0 % | 13.2 % | 15.8 % |
| EPS (adj.) | 1.84 | 1.20 | 1.56 |
| Dividend | 0.55 | 0.60 | 0.65 |
| Dividend % | 1.7 % | 7.0 % | 7.6 % |
| P/E (adj.) | 18.1 | 7.1 | 5.5 |
| EV/EBITDA | 10.5 | 3.7 | 3.2 |
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