Nokian Renkaat Oyj : An ambitious strategy but likely well priced-in and not without risk
>CMD: focus on growth but financial targets below expectations - Nokian Tyres organised yesterday a CMD to present in detail its medium-term strategic targets (2024-2025), just over a year after the arrival of the new CEO. As we expected, and after a very interesting in-depth presentation, the group is focusing its strategy on growth and intends to use all of its levers available to strengthen and/or develop its positions, whether in terms of the product portfolio or ...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.
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