Brief: Nokian Tyres Guidance For 2024 Unchanged

Nokian Renkaat Oyj

19/07/2024 12:07

July 19 (Reuters) - Nokian Tyres plc  TYRES.HE :
    * GUIDANCE FOR 2024 (UNCHANGED)
    * Q2 SEGMENTS OPERATING PROFIT IMPROVED DRIVEN BY SALES
VOLUME
GROWTH AND LOWER RAW  MATERIAL COSTS
    * IN Q2 SALES GROWTH IN  PASSENGER CAR TYRES CONTINUED AS A
RESULT
OF IMPROVED PRODUCT AVAILABILITY AND HIGHER SALES VOLUME
    * THE CAR AND TIRE MARKET CONTINUES TO BE DEMANDING DUE TO
ECONOMIC UNCERTAINTIES AND LOW CONSUMER  CONFIDENCE
    * NEGATIVE FINANCIAL IMPACT OF POLITICAL STRIKES, RED SEA
CRISIS
ON H1 EBITDA WAS ABOUT EUR 20 MILLION, OF WHICH MORE THAN HALF
WAS IN Q1
    * TIRE SELL-IN IS EXPECTED TO GROW IN 2024
    * DUE TO SEASONALITY, THE SALES GROWTH AND SEGMENTS 
OPERATING
PROFIT ARE EXPECTED TO BE GENERATED IN H2

Source text for Eikon:  ID:nWkr1g7Ts5 
Further company coverage:  TYRES.HE 

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