Report
Michael Foundoukidis

Nokian Renkaat Oyj : Vers une année 2020 encore plus difficile qu’anticipé

>Le cycle de révisions en baisse se poursuit, un read across limité - Nokian Tyres a confirmé vendredi que ses résultats 2019 seraient en ligne avec la guidance (qui avait été révisée en baisse en octobre) mais a indiqué que ses résultats 2020 seraient « nettement inférieurs » à ceux de 2019 principalement en raison de la faiblesse des volumes en Europe (saison hiver) et surtout en Russie. Si nous étions déjà plus prudents que le consensus (cf. étude du 06/01, nous no...
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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