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Nokian Tyres: Spins and tightens

TYRESResearch28.04.2022, 10.19
Joonas KorkiakoskiAnalyst
Discuss
Download report (PDF)

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.

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 page

Key Estimate Figures28.04.2022

202122e23e
Revenue1,714.21,424.61,704.5
growth-%30.5 %-16.9 %19.6 %
EBIT (adj.)324.9162.7274.5
EBIT-% (adj.)19.0 %11.4 %16.1 %
EPS (adj.)1.840.911.54
Dividend0.550.550.60
Dividend %1.7 %3.7 %4.1 %
P/E (adj.)18.116.19.6
EV/EBITDA10.57.15.2

Forum discussions

DNB Carnegie laskee Nokian Renkaiden suosituksen pidä-tasolle (aik. osta-suositus), toistaa 16,5 euron tavoitehinnan.
15 hours ago
by Nightshade
7
Uutisvirrassa tuli tollainen vastaan. Tekniikan Maailma – 1 Oct 26 Testi: Nokian Tyres Hakkapeliitta 01 – Toimiiko uutuusnasta kuten luvataan...
10/1/2026, 3:59 AM
by Nightshade
15
Valitettavasti Kauppalehden juttu on maksumuurin takana, mutta onneksi alussa mainitaan lähde, johon tuo “Murskatuomio” perustuu. Löysinkin ...
9/29/2026, 4:57 AM
by Karibu
23
Kl:n sivuilta tänään kauppalehti.fi Uskomaton kitkarengas voitti kaikki nastarenkaatkin suuressa rengastestissä Uskomaton kitkarengas voitti...
9/29/2026, 4:08 AM
by Nightshade
11
Kimi Räikkönen testing Hakkapeliitta 01 tires on an ice track:
9/19/2026, 12:20 AM
34
I find it fascinating that here in the south, during autumn and spring, there is so much time when winter tires are mandatory, but the road ...
9/15/2026, 8:01 AM
by Karibu
18
You have about a 300-euro Vianor markup there. Other tire shops sell your Toyota’s tire size for around 240–250 euros each. Not a bad difference...
9/15/2026, 7:50 AM
by HaizuBieru
6