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Est. tid*
2025-10-28 12:00 Kvartalsrapport 2025-Q3
2025-07-18 12:00 Kvartalsrapport 2025-Q2
2025-05-08 N/A X-dag ordinarie utdelning TYRES 0.25 EUR
2025-05-07 N/A Årsstämma
2025-05-06 12:00 Kvartalsrapport 2025-Q1
2025-02-04 - Bokslutskommuniké 2024
2024-10-30 - X-dag halvårsutdelning TYRES 0.2
2024-10-29 - Kvartalsrapport 2024-Q3
2024-07-19 - Kvartalsrapport 2024-Q2
2024-04-30 - Årsstämma
2024-04-30 - X-dag halvårsutdelning TYRES 0.35
2024-04-30 - X-dag ordinarie utdelning TYRES 0.35 EUR
2024-04-29 - Kvartalsrapport 2024-Q1
2024-02-06 - Bokslutskommuniké 2023
2023-11-01 - X-dag halvårsutdelning TYRES 0.2
2023-10-31 - Kvartalsrapport 2023-Q3
2023-07-21 - Kvartalsrapport 2023-Q2
2023-04-27 - X-dag halvårsutdelning TYRES 0.35
2023-04-27 - X-dag bonusutdelning TYRES 0.35
2023-04-26 - Årsstämma
2023-04-25 - Kvartalsrapport 2023-Q1
2023-02-07 - Bokslutskommuniké 2022
2022-11-01 - Kvartalsrapport 2022-Q3
2022-08-02 - Kvartalsrapport 2022-Q2
2022-04-29 - X-dag halvårsutdelning TYRES 0.55
2022-04-29 - X-dag ordinarie utdelning TYRES 0.55 EUR
2022-04-28 - Årsstämma
2022-04-27 - Kvartalsrapport 2022-Q1
2022-02-08 - Bokslutskommuniké 2021
2021-11-03 - X-dag halvårsutdelning TYRES 0.6
2021-11-02 - Kvartalsrapport 2021-Q3
2021-08-03 - Kvartalsrapport 2021-Q2
2021-05-04 - Kvartalsrapport 2021-Q1
2021-03-31 - X-dag halvårsutdelning TYRES 0.6
2021-03-30 - Årsstämma
2021-02-09 - Bokslutskommuniké 2020
2020-10-28 - X-dag halvårsutdelning TYRES 0.35
2020-10-27 - Kvartalsrapport 2020-Q3
2020-08-04 - Kvartalsrapport 2020-Q2
2020-05-05 - Kvartalsrapport 2020-Q1
2020-04-03 - X-dag bonusutdelning TYRES 0.79
2020-04-03 - X-dag halvårsutdelning TYRES 0.79
2020-04-02 - Årsstämma
2020-02-04 - Bokslutskommuniké 2019
2019-04-10 - X-dag ordinarie utdelning TYRES 1.58 EUR
2019-04-09 - Årsstämma
2019-03-11 - Bokslutskommuniké 2018
2018-10-31 - Kvartalsrapport 2018-Q3
2018-08-08 - Kvartalsrapport 2018-Q2
2018-05-09 - Kvartalsrapport 2018-Q1
2018-04-11 - X-dag ordinarie utdelning TYRES 1.56 EUR
2018-04-10 - Årsstämma
2018-02-02 - Bokslutskommuniké 2017
2017-11-01 - Kvartalsrapport 2017-Q3
2017-08-08 - Kvartalsrapport 2017-Q2
2017-05-03 - Kvartalsrapport 2017-Q1
2017-04-11 - X-dag ordinarie utdelning TYRES 1.53 EUR
2017-04-10 - Årsstämma
2017-02-02 - Bokslutskommuniké 2016
2016-11-01 - Kvartalsrapport 2016-Q3
2016-08-09 - Kvartalsrapport 2016-Q2
2016-05-04 - Kvartalsrapport 2016-Q1
2016-04-13 - X-dag ordinarie utdelning TYRES 1.50 EUR
2016-04-12 - Årsstämma
2016-02-05 - Bokslutskommuniké 2015
2015-10-30 - Kvartalsrapport 2015-Q3
2015-08-07 - Kvartalsrapport 2015-Q2
2015-05-08 - Kvartalsrapport 2015-Q1
2015-04-09 - X-dag ordinarie utdelning TYRES 1.45 EUR
2015-04-08 - Årsstämma
2015-02-05 - Bokslutskommuniké 2014
2014-10-31 - Kvartalsrapport 2014-Q3
2014-08-08 - Kvartalsrapport 2014-Q2
2014-05-07 - Kvartalsrapport 2014-Q1
2014-04-09 - X-dag ordinarie utdelning TYRES 1.45 EUR
2014-04-08 - Årsstämma
2014-02-07 - Bokslutskommuniké 2013
2013-10-31 - Kvartalsrapport 2013-Q3
2013-08-09 - Kvartalsrapport 2013-Q2
2013-04-30 - Kvartalsrapport 2013-Q1
2013-04-12 - X-dag ordinarie utdelning TYRES 1.45 EUR
2013-04-11 - Årsstämma
2013-02-06 - Bokslutskommuniké 2012
2012-10-30 - Kvartalsrapport 2012-Q3
2012-08-08 - Kvartalsrapport 2012-Q2
2012-05-09 - Kvartalsrapport 2012-Q1
2012-04-13 - X-dag ordinarie utdelning TYRES 1.20 EUR
2012-04-12 - Årsstämma
2012-02-08 - Bokslutskommuniké 2011
2011-11-04 - Kvartalsrapport 2011-Q3
2011-08-05 - Kvartalsrapport 2011-Q2
2011-05-06 - Kvartalsrapport 2011-Q1
2011-04-08 - X-dag ordinarie utdelning TYRES 0.65 EUR
2011-04-07 - Årsstämma
2011-02-09 - Bokslutskommuniké 2010
2010-11-03 - Kvartalsrapport 2010-Q3
2010-08-05 - Kvartalsrapport 2010-Q2
2010-05-06 - Kvartalsrapport 2010-Q1
2010-04-09 - X-dag ordinarie utdelning TYRES 0.40 EUR
2010-04-08 - Årsstämma
2010-02-11 - Bokslutskommuniké 2009
2009-04-03 - X-dag ordinarie utdelning TYRES 0.40 EUR
2008-04-04 - X-dag ordinarie utdelning TYRES 0.50 EUR
2007-04-04 - X-dag ordinarie utdelning TYRES 0.31 EUR
2006-04-07 - X-dag ordinarie utdelning TYRES 0.23 EUR
2005-04-18 - Split TYRES 1:10
2005-04-06 - X-dag ordinarie utdelning TYRES 2.17 EUR
2004-04-06 - X-dag ordinarie utdelning TYRES 1.56 EUR
2003-03-27 - X-dag ordinarie utdelning TYRES 1.11 EUR
2002-04-04 - X-dag ordinarie utdelning TYRES 0.83 EUR
2001-03-29 - X-dag ordinarie utdelning TYRES 0.65 EUR
2000-03-30 - X-dag ordinarie utdelning TYRES 0.85 EUR
1999-03-25 - X-dag ordinarie utdelning TYRES 0.73 EUR
1998-04-02 - X-dag ordinarie utdelning TYRES 3.50 EUR
1997-03-27 - X-dag ordinarie utdelning TYRES 2.90 EUR

Beskrivning

LandFinland
ListaLarge Cap Helsinki
SektorHandel & varor
IndustriSällanköpsvaror
Nokian Tyres är en premiumdäcktillverkare. Bolaget utvecklar och tillverkar däck för personbilar, lastbilar och tunga maskiner. Bolaget har även kedjan Vianor som tillhandahåller däck- och biltjänster. Nokian Tyres huvudsakliga marknadsområden är Norden, Centraleuropa och Nordamerika. Bolaget började tillverka däck för personbilar år 1932 och huvudkontoret ligger i Nokia, Finland.
2025-02-04 12:00:00

Nokian Tyres plc Financial Statement Release 2024, February 4, 2025 at 1:00 p.m. EET

 

This release is a summary of Nokian Tyres' Financial Statement Release 2024. The complete report is attached to this release. It is also available on the company's website at company.nokiantyres.com/investors.

 

October-December 2024 

 

  • Net sales were EUR 415.0 million (October-December 2023: 368.0) and increased by 12.8%. With comparable currencies, net sales increased by 13.1%.
  • Segments operating profit was EUR 35.9 million (44.5). Operating profit was EUR 15.4 million (33.1). EUR -20.5 million (-11.3) was booked as non-IFRS exclusions.
  • Earnings per share were EUR 0.04 (0.19).
  • Cash flow from operating activities was EUR 314.8 million (297.6).

 

January-December 2024 

 

  • Net sales were EUR 1,289.8 million (January-December 2023: 1,173.6) and increased by 9.9%. With comparable currencies, net sales increased by 10.6%.
  • Segments operating profit was EUR 71.4 million (65.1). Operating profit was EUR 1.8 million (32.1). EUR -69.6 million (-33.0) was booked as non-IFRS exclusions.
  • During the first half of the year, there was negative impact coming from the Red Sea crisis and the political strikes in Finland, causing loss of production, delays in shipments, and increased logistics costs.
  • Earnings per share were EUR -0.17 (-2.36).
  • Cash flow from operating activities was EUR 77.4 million (82.4).
  • The Romanian factory is progressing on schedule and within budget. In August, the European Commission approved a EUR 99.5 million Romanian state aid measure to be paid to support the establishment of the Romanian factory.
  • In July, Paolo Pompei was appointed Nokian Tyres' President and CEO, effective as of January 1, 2025. Pompei succeeds the President and CEO Jukka Moisio, who retired from the company in the end of 2024.
  • The Board of Directors proposes a dividend of EUR 0.25 per share for the financial year 2024 to be paid in May (dividend for the financial year 2023: 0.55).

Guidance for 2025

In 2025, Nokian Tyres' net sales are expected to grow and segments operating profit as a percentage of net sales to improve compared to the previous year.

Assumptions for 2025

Tire demand in Nokian Tyres' markets is expected to remain at the previous year's level in 2025. Development of global economy and geopolitical uncertainties may cause volatility to the company's business environment.

Nokian Tyres' sales growth is based on increasing capacity in the Romanian and US factories as well as good availability of finished goods inventories.

Paolo Pompei, President and CEO:

"In 2024, we continued our journey to rebuild Nokian Tyres. We advanced our growth strategy through strategic investments to increase capacity and strong innovation efforts to launch new products. Key milestones included opening the world's first full-scale zero CO2 emission tire factory in Romania, which is getting ready for tire deliveries, completing the investment phase at our US factory, and introducing new sustainable materials to our tires. 

The net sales of Passenger Car Tyres increased in 2024 driven by a robust growth in Central Europe. In the Nordic countries, we continue in a strong position while further improvement is required in our North American business where the fourth quarter was particularly soft. Heavy Tyres performed well in a weak OE market.  

In 2025, we continue to focus on growth, driven by new innovative products and an even greater focus on generating value for consumers. At the same time, we will further sharpen our operations to increase productivity and efficiency while maintaining strict cost control. In recent years, we have invested significantly in advanced manufacturing technologies. By leveraging these assets and our strong innovation capabilities, we continue to deliver safe, sustainably manufactured and high-performing tires that meet the evolving consumer needs. The recent announcements of trade tariffs are causing uncertainty. We are analyzing the possible impacts of the tariffs and creating a strategy how to address them.

I am excited and honored to lead Nokian Tyres together with our talented personnel into our next phase of development."

Key figures

 

EUR million

10-12/2024

10-12/2023

2024

2023

Net sales

415.0

368.0

1,289.8

1,173.6

Net sales change, %

12.8%

1.7%

9.9%

-13.1%

Net sales change in comparable currencies, %

13.1%

6.3%

10.6%

-9.2%

Operating profit

15.4

33.1

1.8

32.1

Operating profit, %

3.7%

9.0%

0.1%

2.7%

Result before tax

4.4

27.1

-31.5

14.2

Result for the period

6.0

26.2

-22.8

-325.5

EPS, EUR

0.04

0.19

-0.17

-2.36

 

 

 

 

 

Segments EBITDA

67.1

71.9

185.2

170.5

Segments EBITDA, %

16.2%

19.5%

14.4%

14.5%

Segments operating profit

35.9

44.5

71.4

65.1

Segments operating profit, %

8.7%

12.1%

5.5%

5.5%

Segments ROCE, %

 

 

3.9%

4.0%

 

 

 

 

 

Equity ratio, %

 

 

52.5%

58.0%

Gearing, %

 

 

48.2%

16.6%

Interest-bearing net debt

 

 

613.1

223.6

Capital expenditure

90.1

95.5

350.1

252.1

Cash flow from operating activities

314.8

297.6

77.4

82.4


In addition to IFRS figures, Nokian Tyres publishes alternative non-IFRS segments figures, which exclude the ramp-up of the US factory, the preparations for the Romanian factory ramp-up and other possible items that are not indicative of the Group's underlying business performance.

Following the completion of the Russia exit in March 2023, Nokian Tyres has excluded Russia from its IFRS and non-IFRS segments figures as of January 1, 2023.
 

BUSINESS UNIT REVIEWS

Passenger Car Tyres

EUR million

10−12/2024

10−12/2023

2024

2023

Net sales

238.2

197.9

779.9

653.4

Net sales change, %

20.3%

6.1%

19.4%

-19.4%

Net sales change in comparable currencies, %

20.7%

10.6%

20.2%

-15.8%

Operating profit

-6.6

11.0

-15.6

4.1

Operating profit, %

-2.8%

5.6%

-2.0%

0.6%

Segment operating profit

13.6

22.0

52.2

36.7

Segment operating profit, %

5.7%

11.1%

6.7%

5.6%

 

Heavy Tyres

EUR million

10−12/2024

10−12/2023

2024

2023

Net sales

61.8

61.8

235.1

257.1

Net sales change, %

0.0%

-4.4%

-8.6%

-5.1%

Net sales change in comparable currencies, %

0.4%

-2.6%

-8.0%

-3.4%

Operating profit

8.5

7.3

30.0

32.8

Operating profit, %

13.8%

11.8%

12.8%

12.8%

Segment operating profit

8.5

7.3

30.0

32.8

Segment operating profit, %

13.8%

11.8%

12.8%

12.8%

 

Vianor, own operations

EUR million

10−12/2024

10−12/2023

2024

2023

Net sales

134.1

126.0

354.9

344.0

Net sales change, %

6.4%

-2.6%

3.2%

-5.0%

Net sales change in comparable currencies, %

6.7%

3.7%

3.6%

1.8%

Operating profit

11.2

12.1

-3.8

3.4

Operating profit, %

8.3%

9.6%

-1.1%

1.0%

Segment operating profit

11.2

12.1

-3.8

3.4

Segment operating profit, %

8.3%

9.6%

-1.1%

1.0%

Number of own service centers at period end

 

 

174

174

 

CONFERENCE CALL

A conference call for investors, analysts and media will be held on the publishing day at 2:00 p.m. EET. In the call, President and CEO Paolo Pompei and CFO Niko Haavisto will present the financial results. Participants can listen to the call online at https://nokiantyres.events.inderes.com/q4-2024.

 To ask questions, please join the conference call by registering at https://palvelu.flik.fi/teleconference/?id=50052205. Phone numbers and a conference ID to access the conference call will be provided upon registration.

A recording of the conference call will be available on the company's website for 12 months after the call.

FINANCIAL REPORTING

Nokian Tyres Annual Report 2024 will be published in Finnish and English in the beginning of March 2025.

Interim Report January-March 2025: May 6, 2025

THE ANNUAL GENERAL MEETING 2025

The Annual General Meeting of Nokian Tyres plc is tentatively scheduled for Wednesday, May 7, 2025.

Releases and company information are available at company.nokiantyres.com/investors/.

Further information:

Niko Haavisto, CFO, tel: +358 10 401 7819

Päivi Antola, SVP, Communications, Investor Relations and Brand, tel: +358 10 401 7327

Paolo Pompei, President and CEO, tel: +358 10 401 7742


 

Nokian Tyres' purpose is to make the world safer by reinventing tires, and how they are made, over and over again - a safer place to drive, work and live now and for generations to come. Inspired by our northern heritage, we develop and manufacture premium tires for passenger cars, trucks and heavy machinery with sustainability at the heart of all our operations. Our Vianor chain provides tire and car services. We are some 3,800 people with net sales of EUR 1.3 billion in 2024, and together we lead the journey to smarter driving for people and for businesses. Nokian Tyres is listed on Nasdaq Helsinki. Further information: company.nokiantyres.com