Nokian Tyres

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.
  • TickerNRE1V
  • ISINFI0009005318
  • ExchangeNasdaq Nordic Helsinki
  • SectorAutomobiles & Parts
  • CountryFinland

Analysts

Joonas Häyhä

NOKIAN TYRES - Guidance at risk

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2019

...

Joonas Häyhä

NOKIAN TYRES - Guidance at risk

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 09/05/2019

...

Mattias Holmberg

Nokian Tyres (Buy, TP: EUR34.00) - Less than we hoped for

The overall takeaway from Q1 was mixed but did not change our positive case for Nokian Tyres, which is now trading at a 20% discount to its 5-year average EV/EBIT. We like the long-term growth story and reiterate our BUY but have lowered our target price to EUR34 (35) after cutting our EBIT estimates by 6% throughout the forecast period. The lowered market guidance for Russia coupled with a 12% YOY decline in Q1 EBIT makes the reiterated 2019 target of a flat EBIT YOY seem more challenging (we expect a 2% YOY drop in 2019 EBIT).

Joonas Häyhä

NOKIAN TYRES - Guidance at risk

Joonas Häyhä

NOKIAN TYRES - Guidance at risk

Mattias Holmberg

Nokian Tyres (Buy, TP: EUR34.00) - Less than we hoped for

The overall takeaway from Q1 was mixed but did not change our positive case for Nokian Tyres, which is now trading at a 20% discount to its 5-year average EV/EBIT. We like the long-term growth story and reiterate our BUY but have lowered our target price to EUR34 (35) after cutting our EBIT estimates by 6% throughout the forecast period. The lowered market guidance for Russia coupled with a 12% YOY decline in Q1 EBIT makes the reiterated 2019 target of a flat EBIT YOY seem more challenging (we expect a 2% YOY drop in 2019 EBIT).

Michael Foundoukidis

Nokian Renkaat Oyj : Tough start to the year not an enticement to come back to the stock

>EBIT 10% lower than expected in Q1 but guidance maintained… - Nokian Tyres' Q1 19 earnings, posted yesterday, missed expectations at the EBIT level (-10%) due to tougher-than-forecast momentum in passenger tyres but management left its FY guidance unchanged. However, after the disappointment of Q1 and given management’s cautious comments in the conference call (Russia, US ramp-up, summer tyre stocks, prices, FX, etc.), we are now more conservative and have revised ou...

Michael Foundoukidis

Nokian Renkaat Oyj : Un début d’année difficile qui n’incite pas à revenir sur le titre

>EBIT 10% inférieur aux attentes au T1 mais guidance maintenue… - Nokian Tyres a publié, hier, des résultats T1 2019 inférieurs aux attentes au niveau de l’EBIT (-10%) en raison d’un momentum plus difficile qu’anticipé dans le tourisme mais a maintenu sa guidance annuelle. Toutefois, après la déception du T1 et face aux commentaires prudents du management lors de la conférence téléphonique (Russie, ramp-up U.S., stocks été, prix, …), nous sommes plus prudents et avon...

1 director bought

A director at Nokian Renkaat Oyj bought 6,000 shares at 31.908EUR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2019

...

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 09/05/2019

...

Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Joachim Gunell
  • Mattias Holmberg
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

NOKIAN RENKAAT OYJ sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of NOKIAN RENKAAT OYJ (FI), active in the Tires industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date April 30, 2019, the closing price was EUR 29.82 and its target price was estimated at EUR 27.02.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Nokian Tyres April 09th, 2019

In general, Nokian Tyres is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 12, the (re-)election of the board of directors is proposed. Although there is sufficient independent representation on the board, ECGS has concerns over the level of female representation on the board (25%) and the aggregate time commitments of no less than 3 directors: Messrs. Kari Jordan, Pekka Vauramo and Petteri Walldén. Based on the above concerns, ECGS recommends to vote OPPOSE. Under ITEM 13, the audit committee of the board of d...

Nokian Tyres – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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