Finland's Nokian Tyres Q2 revenue rises on enhanced pricing

Nokian Renkaat Oyj

17/07/2026 11:11

Overview
Finland tire maker's Q2 revenue rose 10.6% yr/yr to EUR 379.9 mln
Segments operating profit for Q2 climbed 71%, driven by higher sales and lower costs
EPS for Q2 improved to EUR 0.14 from EUR 0.00 a year earlier

Outlook
Nokian Tyres expects 2026 net sales to grow versus the previous year
Company sees 2026 segments operating profit margin as a percentage of net sales to be 8–10%
Company expects tire demand in its markets to remain flat in 2026

Result Drivers
HIGHER SALES AND PRICING - Co said Q2 operating profit growth was driven by increased sales volumes and enhanced pricing
COST EFFICIENCY - Co attributed improved profitability to lower manufacturing and material costs and efficiency initiatives
PASSENGER CAR TYRES - Passenger Car Tyres was the main driver of improved performance, with both sales and profitability increasing

Company press release: ID:nWkr3kH8hW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 379.90 mln
 
Q2 EPS
 
EUR 0.14
 
Q2 Adjusted EBIT
 
EUR 45 mln
 
Q2 EBIT
 
EUR 34.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 5 "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 €10.50, about 18.9% below its July 16 closing price of €12.94
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 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.)