Report
Anthony Dick ...
  • Michael Foundoukidis

Nokian Renkaat Oyj : Un T1 solide mais une valorisation toujours élevée face à la visibilité limitée

>Un T1 meilleur que prévu, porté par un rebond de la demande plus fort - Nokian a publié des résultats T1 2021 supérieurs aux attentes (+9% sur le CA et +14% sur l’EBIT) et qui reflètent le net rebond de la demande (+22% sur le CA, +28% en organique), certes par rapport à une base 2020 déprimée (impacts confinements, Russie). Toutefois, si les ventes sont déjà revenues au niveau de 2019 et le groupe tourne désormais à pleine capacité, l’EBIT reste nettement inférieur ...
Underlying
Nokian Renkaat Oyj

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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