Nokian Tires is a company founded in 1988 that develops and manufactures premium tires and is known especially for its winter tires. The company sells tires for cars, trucks and heavy machinery. Nokian Tires is divided into three business units, Passenger Car Tires, Heavy Tires and the Vianor chain, which specializes in car maintenance and tire services. The company's production facilities are located in Finland, Russia and the United States. Nokian Tires also has two in-house test centers in Finland and one in Spain, which enables tire testing throughout the year. Nokian tires are available in about 70 countries. In the Nordic countries and Russia, the company is the market leader in premium tires, while Central Europe and North America are the company's growth areas.
Key figures
Year 2021e 2022e 2023e 2024e
growth% 26.9% 7.3% 5.9% 4.9%
EBIT-% 17.9% 21.1% 21.8% 21.9%
Dividend% 4.9% 5.3% 5.6% 6.0%
ROI-% 15% 18% 19% 20%
(predictions from inderes.fi, not mine)
Added my position by 25% on this one too.
Key figures
Year 2021e 2022e 2023e 2024e
growth% 26.9% 7.3% 5.9% 4.9%
EBIT-% 17.9% 21.1% 21.8% 21.9%
Dividend% 4.9% 5.3% 5.6% 6.0%
ROI-% 15% 18% 19% 20%
(predictions from inderes.fi, not mine)
Added my position by 25% on this one too.