Report
Michael Foundoukidis

Nokian Renkaat Oyj : Un T3 2019 difficile et des perspectives incertaines

>Une publication difficile mais sans grande surprise après l’avertissement - Une semaine après un nouvel avertissement sur les résultats 2019, Nokian Tyres a, comme on pouvait s’y attendre, publié des résultats T3 2019 très mitigés. En effet, sur le trimestre, le manufacturier a vu son CA reculer de 1.2% à 357 M€ et son EBIT de 21% à 67 M€. Par conséquent, la MOP a poursuivi son érosion à 18.9% (-520 pb YoY, plus faible T3 depuis 2005), ce qui ne devrait pas rassurer ...
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
Michael Foundoukidis

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