Nokian Tyres
Following the insiders. Jouko Pölönen, a member of the board of Nokian Tyres who also put his skin in the game at eQ, loaded up on Tyres in his portfolio in April for well over a hundred thousand euros, and the new CFO of Tyres, Timo Koponen, also invested ten thousand in his company’s shares. The purchase prices were around 10.30–10.40 euros. Thus, the insiders see the company as more valuable than the analysts, whose average target price is 9.77 euros.
The investment story relies on improving profitability. The company is seeking a profitability improvement of over 200 million euros by 2029. The goal is substantial, considering last year’s adjusted operating profit was 91 million euros. The rise in raw material prices will start to be felt more from the autumn onwards, and the price increases by Tyres will once again put consumers’ purse strings to the test.