Finland's Nokian Tyres Q1 loss narrows on higher tire prices, lower manufacturing costs

Nokian Renkaat Oyj

22/04/2026 11:10

Overview

Finland tire maker's Q1 net sales rose 3.8% yr/yr to EUR 279.6 mln

Adjusted EBIT loss narrowed, driven by higher tire prices and lower manufacturing costs

EPS remained negative but improved compared to prior year

Outlook

Nokian Tyres expects 2026 net sales to grow from the previous year

Company sees 2026 segments operating profit at 8–10% of net sales

Company says tire demand in its markets expected to remain flat in 2026

Result Drivers

PASSENGER CAR TYRES - Co said segment drove result improvement with 9.1% net sales growth in comparable currencies, reflecting consumer trust in brand

HIGHER PRICES & LOWER COSTS - Co attributed improved operating profit to higher passenger car tire prices and lower manufacturing and material costs

NEW PRODUCT LAUNCHES - Co highlighted launch of Hakkapeliitta 01 and other flagship winter tires as strengthening innovation and premium positioning

Company press release: ID:nWkr71LtdR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 279.60 mln
Q1 EPS
-EUR 0.16
Q1 Adjusted EBIT
-EUR 4.30 mln
Q1 EBIT
-EUR 17.80 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the tires & rubber products peer group is "buy."

Wall Street's median 12-month price target for Nokian Renkaat Oyj is €9.00, about 3.8% below its April 21 closing price of €9.36

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)