Finland's Nokian Tyres Q4 profit jumps; sees flat tire demand in its markets for 2026

Nokian Renkaat Oyj

10/02/2026 11:09

Overview

Finland tire maker's Q4 net sales rose slightly, driven by North America and Nordics

Q4 operating profit rose 127.8%, driven by higher tire prices and lower material costs

EPS for Q4 increased to EUR 0.12 from EUR 0.04

Outlook

Nokian Tyres expects 2026 net sales to grow compared to 2025

Segments operating profit as a percentage of net sales to be 8–10% in 2026

Company sees flat tire demand in its markets for 2026

Result Drivers

HIGHER TIRE PRICES - Co said higher passenger car tire prices contributed to improved operating profit

COST DISCIPLINE - Co maintained strict cost discipline, enhancing financial performance

ROMANIAN FACTORY RAMP-UP - New Romanian factory produced one million tires in 2025, contributing to results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 416.40 mln
Q4 EPS
EUR 0.12
Q4 Adjusted EBIT
EUR 51.10 mln
Q4 EBIT
EUR 35.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 15.3% below its February 9 closing price of €10.62

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nWkr9D4Fk4

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.)