Brief: Nokian Tyres BOD Proposes Dividend Of EUR 0.25 Per Share

Nokian Renkaat Oyj

04/02/2025 11:03

Feb 4 (Reuters) - Nokian Tyres plc  TYRES.HE :
    * NOKIAN TYRES PLC FINANCIAL STATEMENT RELEASE 2024: SOLID
GROWTH
DRIVEN BY CENTRAL EUROPE IN 2024, NORTH AMERICA CHALLENGING
CAUSING A SOFT Q4, ROMANIAN FACTORY GETTING READY FOR TIRE
DELIVERIES
    * NOKIAN TYRES PLC - IN 2025, NOKIAN TYRES' NET SALES ARE
EXPECTED
TO GROW AND SEGMENTS OPERATING PROFIT AS A PERCENTAGE OF NET
SALES TO IMPROVE COMPARED TO PREVIOUS YEAR.
    * TIRE DEMAND IN NOKIAN TYRES' MARKETS IS EXPECTED TO REMAIN
AT
PREVIOUS YEAR'S LEVEL IN 2025
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 0.25 PER
SHARE FOR
FINANCIAL YEAR 2024 TO BE PAID IN MAY
    * DEVELOPMENT OF GLOBAL ECONOMY AND GEOPOLITICAL
UNCERTAINTIES MAY
CAUSE VOLATILITY TO COMPANY'S BUSINESS ENVIRONMENT.
    * NOKIAN TYRES' SALES GROWTH IS BASED ON INCREASING CAPACITY
IN
ROMANIAN AND US FACTORIES AS WELL AS GOOD AVAILABILITY OF
FINISHED GOODS INVENTORIES
    * RECENT ANNOUNCEMENTS OF TRADE TARIFFS ARE CAUSING
UNCERTAINTY
    * WE ARE ANALYZING POSSIBLE IMPACTS OF TARIFFS AND CREATING
A
STRATEGY HOW TO ADDRESS THEM
    * HEAVY TYRES PERFORMED WELL IN A WEAK OE MARKET

Source text:  ID:nWkr8KnwSr 
Further company coverage:  TYRES.HE 

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