Nokian Tyres falls after Q4 sales, EBIT miss

Nokian Renkaat Oyj

04/02/2025 11:43

** Shares in Nokian Tyres  TYRES.HE  are down 9.1% after the
Finnish tyre maker delivered Q4 sales and earnings below
consensus, blaming challenging North America region for a soft
Q4
   ** Its Q4 EBIT more than halved year-on-year to 15.4 million
euros ($15.90 million) from year ago, missing the 49.3 million
euros expected by analysts in a Vara consensus
   ** It posted Q4 sales rising 12.7% to 415.0 million euros,
but still falling short of expectations of 418.6 million euros
   ** Nokian Tyres said geopolitical instability may cause
volatility in its markets, while recent trade tariffs
announcements are causing uncertainty
   ** The stock is on track for its worst day since end-October
2023



($1 = 0.9685 euros)

 (Reporting by Marta Frąckowiak)
 ((marta.frackowiak@thomsonreuters.com))