Nokian Tyres Turns Its Course
Nokian Tyres has returned to profit growth. The turnaround is also reflected in the share price, which has strengthened by nearly 70 percent since the beginning of the year.
I wrote an article about the company for Salkunrakentaja.
Revolutionary Hakkapeliitta 01 tire as the spearhead of growth
Significant earnings improvement in the cards
Strategy relies on familiar themes
The bar was lowered slightly for financial targets
The Romanian factory is being ramped up rapidly
Electrification plays into Nokian Tyres’ hands
Valuation is melting fast alongside earnings growth
Link to the article: Nokian Renkaat käänsi kurssinsa