Brief: Nokian Tyres Proposes Dividend Of EUR 0.55 Per Share For 2023

Nokian Renkaat Oyj

06/02/2024 12:32

Feb 6 (Reuters) - Nokian Tyres plc  TYRES.HE :
    * NOKIAN TYRES PLC FINANCIAL STATEMENT RELEASE 2023:
BUILDING THE
NEW NOKIAN TYRES ON TRACK
    * PROPOSES A DIVIDEND OF EUR 0.55 PER SHARE FOR FINANCIAL
YEAR
2023 TO BE PAID IN TWO INSTALLMENTS (DIVIDEND FOR FINANCIAL YEAR
2022: 0.55).
    * IN 2024, NOKIAN TYRES' NET SALES WITH COMPARABLE
CURRENCIES AND
SEGMENTS OPERATING PROFIT ARE EXPECTED TO GROW SIGNIFICANTLY
COMPARED TO PREVIOUS YEAR
    * IN 2023, CAR AND TIRE MARKET WAS DEMANDING DUE TO ECONOMIC
UNCERTAINTIES, HIGH INFLATION, AND LOW CONSUMER CONFIDENCE
    * WE IMPROVED OUR PERFORMANCE AND VOLUME DELIVERY TOWARDS
END OF
YEAR IN LINE WITH OUR EXPECTATIONS, AND OUR CASH FLOW WAS STRONG
    * TIRE SELL-IN IS EXPECTED TO GROW IN 2024, AND WITH OUR
INCREASING CAPACITY AND COMPETITIVE PRODUCT PORTFOLIO, WE ARE
READY TO SEIZE THIS OPPORTUNITY
    * NOKIAN TYRES PLC SHARES UP 2.9% AFTER Q4 REPORT

Source text for Eikon:  ID:nWkr9BNkHh 
Further company coverage:  TYRES.HE 

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