Nokian Tyres rises after Q3 sales beat, layoffs plans

Nokian Renkaat Oyj

28/10/2025 13:35

** Shares in Nokian Tyres TYRES.HE rise around 9% after the Finnish tyre maker posted its Q3 sales above market expectations and said it was planning to cut some jobs to improve efficiency

** The company books quarterly sales rising 9.7% to 344.1 million euros ($401 million) above analysts' forecast of 339.5 million on average

** It says it will start negotiations with unions over staff reductions that may lead to 80 permanent cuts and temporary furloughs for around 650 employees

       ** JPM says that strong passenger car tyre margins and solid sales growth signal recovery momentum despite ongoing ramp-up costs and working capital pressures

** Nokian shares at their highest since October 2024 and on track for a best day since July

($1 = 0.8575 euros)

(Reporting by Jesus Calero)

((jesus.calero@thomsonreuters.com))