contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nokian-tyres-outlook-unchanged-and-coming-years

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Rauli Juva

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.

Yesterday’s Kauppalehti had a good article about companies that pay dividends despite a poor financial situation. Viking Line distributed state aid as dividends and Posti was stretched quite thin; Neste also paid out even though it is investing in Rotterdam and has to take out loans. In the same group was Nokian Tyres, which already has about 700 million in debt but continues to pay out dividends. Leverage increases the risk if something happens and the investment doesn’t yield results. An interesting perspective.

Nokian Tyres states on its own website regarding the matter: “At the Nokia factory, all heavy tires are manufactured with the exception of truck and bus tires, which are designed in Finland and manufactured by production partners operating within the EU.”

Here are Rauli’s comments on European new car sales in November.                    Inderes              Euroopan uusien autojen myynti jatkoi pientä kasvua marraskuussa - Inderes    Euroopan talousalueen uusien autojen myynti oli marraskuussa 2 % vertailukautta enemmän eli 1,1 miljoonaa kappaletta.

First million tyres already produced in Romania                    Nokian Renkaat              Nokian Renkaiden Romanian-tehdas saavutti miljoonan valmistetun renkaan...

Before I wish everyone a Merry Christmas, a little more reflection for the year 2026. Rivian was originally funded by Amazon and Ford. As I understand it, Amazon’s delivery vans are Rivians. What if Amazon/Rivian/NR puts Kimi in an ad to deliver Amazon packages safely with a Rivian – summer and winter. That would be it, one Christmas ad and NR’s share price heading northeast  Now to roast the ham, a nice year behind us. Merry Christmas!

My experience with heavy vehicle (military) tires was that Nokians were rarely used when tires were replaced; Michelin was almost always the choice. Of course, when new equipment arrived, it almost always came with Nokians. You would think that at least the Finnish army has some target for domestic content in new equipment, making Nokian tires a good fit, but when old tires had to be replaced, the brand usually changed. Now, it might be that they are acceptable when 5% of GDP needs to be spent on military expenditures; that would be an easy way to increase spending and support domestic production.

https://riviantrackr.com/news/rivian-names-nokian-hakkapeliitta-r5-suv-as-official-winter-tire-for-r1t-and-r1s/ Rivian Names Nokian Hakkapeliitta R5 SUV as Official Winter Tire for R1T and R1S Models

Nokian Tyres

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. 

<p>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. </p> 

	2022	23e	24e
Revenue	1,776.1	1,331.4	1,478.9
growth-%	3.6 %	-25.0 %	11.1 %
EBIT (adj.)	221.2	92.4	125.6
EBIT-% (adj.)	12.5 %	6.9 %	8.5 %
EPS (adj.)	1.14	0.43	0.62
Dividend	0.55	0.55	0.55
Dividend %	5.7 %	5.4 %	5.4 %
P/E (adj.)	8.4	23.9	16.3
EV/EBITDA	7.5	8.5	7.6

Nokian Tyres: Outlook unchanged for this and coming years

Key Estimate Figures23.07.2023

Forum discussions