Nokian Renkaat Oyj : Few reasons to return to the stock now
>No surprises from the release after the warning flagged at end-January - Nokian Tyres published its 2019 results yesterday. There were no surprises since the group confirmed 10 days ago that the results would be in line when it flagged a warning on its 2020 outlook. At the time, management cited a challenging environment, notably in Russia, and it revisited this point during the conference call with no encouraging signals and a poor visibility. Nevertheless, since th...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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