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Nokian Tyres plc (NRE1V.HE)

NRE1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nokian Tyres Q4 EBIT EUR 108.5 million, above estimates
Thursday, 2 Feb 2017 01:00am EST 

Nokian Tyres Plc : Q4 sales 460.7 million euros ($497.28 million) versus 442 million euros seen in Reuters poll . Q4 EBIT 108.5 million euros (Reuters poll eur 104 million) . Proposes dividend of 1.53 euro per share versus 1.50 euro per share year ago (Reuters poll 1.54 euro per share) . Says Russia was biggest contributor to growth in sales in Q4 . Expects growth in 2017 to be moderate . In 2017 net sales and operating profit are expected to grow by at least 5 pct compared to 2016 . Estimates that raw material costs will increase by approximately 15-20 pct for full year 2017 versus 2016 .Says has started to implement necessary price increases in order to maintain profitability.  Full Article

Nokian Tyres' Pantioukhov says not a candidate for permanent CEO
Wednesday, 21 Dec 2016 04:10am EST 

Nokian Tyres : Russia head Andrei Pantioukhov tells a conference call he will not be a candidate for permanent CEO role due to personal reasons . Earlier on Wednedsday, Pantioukhov was appointed as the interim CEO of Nokian from the beginning of January . Board chairman Petteri Wallden says the company is at the moment looking at external candidates for the permanent role .Pantioukhov says remains committed to Nokian and will continue as the head of Russian business after his period as interim CEO.  Full Article

Nokian Tyres says search for new CEO continues
Wednesday, 21 Dec 2016 03:27am EST 

Nokian Tyres Plc : spokesman told Reuters the recruitment process to select new CEO continues . Nokian earlier on Wednesday said it has appointed Russia executive Andrei Pantioukhov as interim CEO starting from January [nASM0008D5] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244)).  Full Article

Nokian Tyres names Russia exec Pantioukhov as interim CEO
Wednesday, 21 Dec 2016 03:07am EST 

Nokian Tyres Plc : says the Board of Directors of Nokian Tyres Plc has appointed MBA Andrei Pantioukhov, 44, as the interim President and CEO starting 1 January 2017 . Pantioukhov currently serves as the company's general manager of Russian operations, and he will continue also in this role . Current CEO Ari Lehtoranta is stepping down to take the helm at smaller Finnish company Caverion in a move which has raised concerns among investors over the tyre maker's future. [nL8N1C30VU] Further company coverage: [NRE1V.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244)).  Full Article

Nokian Tyres shares fall after CEO change announcement
Tuesday, 27 Sep 2016 02:21am EDT 

Nokian Tyres Plc :Shares fall 2.6 percent by 0703 GMT after CEO change announcement.  Full Article

Caverion names Ari Lehtoranta new President and CEO
Tuesday, 27 Sep 2016 02:01am EDT 

Caverion Oyj : Has appointed Ari Lehtoranta as new President and CEO . Lehtoranta will assume new position on Jan. 1, 2017 .Ari Lehtoranta is currently President and CEO of Nokian Tyres Plc Full Article

Finland's Nokian Tyres looks to expand to China, Japan - CEO
Tuesday, 9 Aug 2016 03:50am EDT 

Nokian Tyres Plc : CEO Ari Lehtoranta says company aims to expand to new markets such as China and Japan in the coming years . Says after 2018 new regions must start generating gradually growing sales for the company . "China is a big prospect, there will be (new) winter tyre legislation at some point there... Japan is another opportunity," Lehtoranta told a news conference Further company coverage: [NRE1V.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244;)).  Full Article

Nokian Tyres expects to book more bad debt provisions in H2
Tuesday, 9 Aug 2016 01:28am EDT 

Nokian Tyres Plc : CEO Ari Lehtoranta repeats in a news conference he expects the company to book in total 10-18 million euros of bad debt provisions in the full-year. .In the first half of the year, company booked about 10 mln euros of provisions in Russia..  Full Article

Nokian Tyres meets market expectations in Q2
Tuesday, 9 Aug 2016 01:00am EDT 

: Nokian Tyres Q2 net sales decreased by 2.3 pct to eur 337.4 million . Q2 operating profit decreased by 3.8 pct to eur 77.5 million . Reuters poll expected Q2 sales of 337 million euros, EBIT of 77.4 million euros [nL8N1AL3VU] .Company repeats 2016 outlook, expects flat sales and core operating profit.  Full Article

Nokian Tyres signs 100 million euro revolving credit facility
Thursday, 12 May 2016 06:00am EDT 

Nokian Tyres Plc : Says signed a EUR 100 million revolving credit facility . Says facility will be used to refinance existing EUR 100 million multicurrency revolving credit facility that was signed March 2011, and for general corporate purposes Further company coverage: [NRE1V.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244;)).  Full Article

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UPDATE 1-Finnish tyremaker Nokian names Hille Korhonen as new CEO

HELSINKI, March 28 Finland's Nokian Tyres on Tuesday appointed long-standing board member Hille Korhonen as its new chief executive.