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

Alain William ...
  • Christophe Chaput
  • Hela Zarrouk
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 08/07/2019

...

Alain William ...
  • Christophe Chaput
  • Hela Zarrouk
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/08/2019

...

Mattias Holmberg

Nokian Tyres (Buy, TP: EUR33.00) - 2019 guidance within reach

Despite the added uncertainty arising from high winter tyre inventories in the Russian distribution network and another cut to the outlook for Russia’s car market, we believe Nokian Tyres’ 2019 EBIT guidance (which was lowered on 14 June) of a “single-digit decline” YOY remains within reach (consensus is for -6% YOY). We reiterate our BUY recommendation and EUR33 target price.

Håkon Astrup ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Michael Foundoukidis

Nokian Renkaat Oyj : A tough Q2 2019 but in line with expectations

>Lacklustre Q2 2019, Neutral rating maintained - Nokian Tyres yesterday released Q2 2019 results that were down but broadly in line with expectations and confirmed its guidance for 2019 (revised down mid-June). However, this earnings release is in our view unlikely to reassure the market regarding volumes and prices as H2 2019 gets underway and we do not expect it to result in any revisions to estimates.Following the earnings release, we stand by our Neutral rati...

Mattias Holmberg

Nokian Tyres (Buy, TP: EUR33.00) - 2019 guidance within reach

Despite the added uncertainty arising from high winter tyre inventories in the Russian distribution network and another cut to the outlook for Russia’s car market, we believe Nokian Tyres’ 2019 EBIT guidance (which was lowered on 14 June) of a “single-digit decline” YOY remains within reach (consensus is for -6% YOY). We reiterate our BUY recommendation and EUR33 target price.

Michael Foundoukidis

Nokian Renkaat Oyj : A tough Q2 2019 but in line with expectations

>Lacklustre Q2 2019, Neutral rating maintained - Nokian Tyres yesterday released Q2 2019 results that were down but broadly in line with expectations and confirmed its guidance for 2019 (revised down mid-June). However, this earnings release is in our view unlikely to reassure the market regarding volumes and prices as H2 2019 gets underway and we do not expect it to result in any revisions to estimates.Following the earnings release, we stand by our Neutral rati...

Michael Foundoukidis

Nokian Renkaat Oyj : Un T2 2019 difficile mais conforme aux attentes

>Un T2 2019 sans éclat, opinion Neutre maintenue - Nokian Tyres a publié, hier, des résultats T2 2019 en recul mais globalement en ligne avec les attentes et confirmé ses perspectives 2019 (revues en baisse en juin dernier). Cette publication ne nous semble toutefois pas de nature à rassurer sur les volumes et les prix à l’approche du S2 2019 et ne devrait pas entraîner de révisions des attentes.Suite à cette publication, nous maintenons notre opinion Neutre sur ...

Mattias Holmberg

Nokian Tyres (Buy, TP: EUR33.00) - Pricing study reveals cuts

Our proprietary study shows that Nokian Tyres cut selling prices by c4% on summer tyres in Russia in the past month. Being well past the peak of the summer tyre season, we see limited implications and assume that the data point reflects an ‘end-of-season’ price cut similar to that for winter tyres in February.

Michael Foundoukidis

ODDO : Auto suppliers still under pressure in the run-up to publications

In the run-up to publications, we have revised down our 2019 production scenario (-3.5% est. vs -1.6%), our estimates (~4% on average) and our target prices (~5% on average). In the face of persistently unfavourable momentum, we are sticking with our cautious stance on suppliers (Valeo downgraded to Reduce vs Neutral) and our preference for the tyre segment and Michelin, in particular. - >The assumption of a rebound in production in H2 2019 has been cast into doubt - ...

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 ...
  • Christophe Chaput
  • Hela Zarrouk
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 08/07/2019

...

Alain William ...
  • Christophe Chaput
  • Hela Zarrouk
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/08/2019

...

Håkon Astrup ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Jesper Ingildsen ...
  • Joachim Gunell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

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

...

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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