Brief: Nokian Tyres Q1 EBIT Loss Widens To EUR 35.9 Mln

Nokian Renkaat Oyj

06/05/2025 11:05

May 6 (Reuters) - Nokian Renkaat Oyj TYRES.HE:

Q1 REVENUE EUR 269.5 MILLION VERSUS. ESTIMATE EUR 267.8 MILLION

Q1 EPS EUR -0.27

Q1 ADJUSTED EBIT EUR -18.5 MILLION VERSUS. ESTIMATE EUR -4.6 MILLION

Q1 EBIT EUR -35.9 MILLION VERSUS. ESTIMATE EUR -15.3 MILLION

GUIDANCE FOR 2025 UNCHANGED

THERE IS UNCERTAINTY IN MARKET DUE TO EVOLVING TARIFF SITUATION, BUT IN LONG-TERM, WE SEE GREAT POTENTIAL FOR CO IN NORTH AMERICA

NOKIAN TYRES' Q1 NET SALES INCREASED STRONGLY WITH POSITIVE SALES DEVELOPMENT ACROSS ALL BUSINESS UNITS

DUE TO SEASONALITY, WE EXPECT PROFIT TO BE GENERATED IN SECOND HALF OF YEAR

IN ROMANIA, WE REACHED A SIGNIFICANT MILESTONE AS WE STARTED TIRE DELIVERIES FROM OUR NEW FACTORY

Source text: ID:nWkr1JSsBK

Further company coverage: TYRES.HE

 (Gdansk Newsroom)

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