Nokian Renkaat Oyj : Positioning not fully convincing
>Q4 2021 earnings and 2022 outlook below expectations - Nokian Tyres’ Q4 2021 earnings reported yesterday missed expectations despite the better momentum in volumes, penalised in particular by the inflationary environment (materials, logistics) which it failed to fully offset with price hikes. These difficulties are also reflected in the 2022 outlook announced by the tyre maker, which points to a further decline in profitability despite the expected strong growth in s...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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