Nokian Tyres Plc

It is worth remembering, however, that the company has also done good things since the annexation of Crimea in 2014, such as a significant factory investment in Dayton, and as @Joonas_Korkiakoski just stated earlier, heavy tires are no longer supplied to Russia.

Another point that should be considered in the discussion regarding the cessation of factory operations in Russia is that, as I understand it, there are some threats to the local management that they will be subjected to punitive measures if the factory is closed. The factory simply cannot be sold now due to Russia’s new legislation; it would have to be practically given away for free to some oligarch.

I sincerely hope that the discussion in the thread remains analytical and that not everyone capable comes here to express their disapproval of Nokian Tyres’ actions and declare their personal boycott of the company’s tires. The best way would be to contact the company directly and express your disapproval. This is now fulfilling the Kauppalehti clickbait headline by “social media commotions” in a company-specific thread. This other thread is also quite relevant: Venäjä, Ukraina ja kuluttajan ja sijoittajan valinnat - Yhteiskunta - Inderes forum

I would also hope that everyone reads @Joonas_Korkiakoski’s comment about the analyst call carefully again; it clearly shows what was stated by the company and what was the analyst’s deduction. In my opinion, Joonas’s conclusion is completely logical and should not be a cause for any commotion. Let’s put it here again, for anyone who finds it too difficult to find it in that thread or Inderes’s analysis service: Nokian Renkaiden analyytikkopuhelusta päivitettyjä tietoja - Inderes

Disclaimer: I myself have owned Nokian tires on several occasions since the Crimea crisis, but luckily I was on the sidelines when the war broke out. I have also received dividends from the company several times and attended the annual general meeting in Tampere. I was, of course, aware of the existing Russia risk even then, but I never even in my wildest imagination believed it would materialize in such a terrible way. Fortunately, we have many far-sighted investors who have not touched the tires at least since the Crimea crisis in 2014 :slight_smile:

Addition: Corrected the part about heavy tire production to state that heavy tires are no longer supplied to Russia, as Joonas originally stated. @OldFeki pointed this out below.

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