Nokian Renkaat Oyj : A challenging Q3 2019 and an uncertain outlook
>Not a good set of figures but largely as expected after the warning - Coming a week after another warning on its 2019 results, Nokian Tyres reported, as was expected, a very mixed set of Q3 2019 results. In the quarter, the group saw its revenue decline by 1.2% to € 357m and its EBIT slump by 21% to € 67m. As a result, the operating margin continued to erode to 18.9% (-520bp y-o-y, the weakest Q3 since 2005), which is unlikely to be reassuring as to its medium-term o...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.