Nokian Renkaat Oyj : Now for the hard part
>A good Q2 but outlook as uncertain as ever - Nokian Tyres yesterday reported Q2 2022 results slightly above expectations, driven by significant price increases in the current inflationary environment. However, the focus was elsewhere as the sanctions against Russia are now in effect. Indeed, whilst the group had already announced at the end of June its decision to exit Russia (~80% of its global production capacity), management has not yet been able to indicate in pr...Nokian Tyres is a tyre manufacturer. Co. mainly sells its products in the aftermarket. Co. and its subsidiaries include the Vianor tyre retail chain, which provides wholesale and retail services in Co.'s primary markets. The core business units in Co. and its subsidiaries are Passenger Car Tyres, which develops, manufactures, and markets summer and winter tyres for passenger cars and delivery trucks as well as SUVs; Heavy Tyres, which focuses on special tyres; as well as Vianor, which provides tyres for all vehicles: passenger cars, vans, trucks, and heavy machinery. In addition to Nokian-branded tyres, the Vianor tyre retail chain sells other tyre brands and a variety of motoring products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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