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Key Developments: Nokian Tyres plc (NRE1V.HE)

NRE1V.HE on Helsinki Stock Exchange

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31 May 2016
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Latest Key Developments (Source: Significant Developments)

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

Nokian Tyres gives guidance on FY 2016, proposes dividend for FY 2015
Friday, 5 Feb 2016 01:00am EST 

Nokian Tyres plc:Proposes a dividend of 1.50 euro per share to be paid for FY 2015.Paid dividend of 1.45 euro per share for FY 2014.Says in FY 2016, with current exchange rates, net sales and operating profit are to remain at the same level compared to FY 2015.Reported net sales of 1.36 billion euros, operating profit of 296.0 million euros for FY 2015.FY 2016 revenue 1.37 billion euros, EBIT 304.40 million euros-Thomson Reuters I/B/E/S.  Full Article

Nokian Tyres to cut 122 jobs at Finnish factory
Monday, 28 Sep 2015 04:15am EDT 

Nokian Tyres plc:Says statutory negotiations at car tyre production and administration at its Finnish factory have ended.Says adjustments to production capacity utilization as well as cost savings will be achieved by reducing 122 people.Says statutory negotiations concerned a total of 900 people.  Full Article

Nokian Tyres plc plans to cut up to 150 jobs from Nokia plant
Friday, 7 Aug 2015 01:00am EDT 

Nokian Tyres plc:To start statutory negotiations to adjust operations in Nokia, Finland.Says company aims to create savings of about 8 million euros per year, plans to reduce up to 150 jobs from Nokia plant.  Full Article

Nokian Tyres specifies FY 2015 guidance
Friday, 7 Aug 2015 01:00am EDT 

Nokian Tyres plc:Sees net sales in FY 2015 to decline slightly compared to FY 2014 and operating profit to be about 270 million - 295 million euros.Previously expected, with current exchange rates, FY 2015 net sales and operating profit are to decline slightly compared to FY 2014.Reported revenue of 1,389 million euros, operating profit of 308.7 million euros for FY 2014.FY 2015 revenue 1,326 million euros, EBIT 279.56 million euros-Thomson Reuters I/B/E/S.  Full Article

Nokian Tyres reiterates FY 2015 guidance
Thursday, 18 Jun 2015 01:00am EDT 

Nokian Tyres plc:Reiterates FY 2015 guidance.Says with current exchange rates, net sales and operating profit are to decline slightly in FY 2015 compared to FY 2014.Reported net sales of 1.39 billion euros and operating profit of 308.7 million euros in FY 2014.FY 2015 revenue 1.35 billion euros, EBIT 291.3 million euros-Thomson Reuters I/B/E/S.  Full Article

Nokian Tyres says tax authority annuls reassessment decision
Tuesday, 7 Apr 2015 08:15am EDT 

Nokian Tyres plc:The Board of Adjustment annulled the reassessment decision against Nokian Tyres plc concerning tax years 2007-2010.The Board annulled decision from Tax Administration, where company was obliged to pay 100.3 million euros in additional taxes.According to the Board of Adjustment, the Tax Administration neglected obligation to hear taxpayer.Because of this procedural fault, the Board of Adjustment annulled the decision without considering the actual substance of the matter.The Large Taxpayers' Office investigated whether intercompany transactions 2007-2011 between Nokian Tyres plc and its subsidiaries were concluded based on market prices.Will return 2007-2010 total additional taxes of 100.3 million euros in full to financial statement and the first-quarter 2015 result.  Full Article

Nokian Tyres plc proposes dividend of 1.45 euro per share for FY 2014
Thursday, 5 Feb 2015 01:00am EST 

Nokian Tyres plc:Proposes to the annual general meeting that a dividend of 1.45 euro per share for FY 2014 shall be paid.  Full Article

Nokian Tyres issues FY 2015 guidance in line with analysts' estimates
Thursday, 5 Feb 2015 01:00am EST 

Nokian Tyres plc:Sees FY 2015 net sales and operating profit to decline slightly compared to FY 2014.Says Q1 2015 operating profit will be significantly below last year, as a delayed start of winter tyre sales in Russia will result in sales shifting to the following quarters.Reported net sales of 1,389.1 million euros and operating profit of 308.7 million euros in FY 2014.FY 2015 revenue 1,321 million euros, EBIT 283.58 million euros-Thomson Reuters I/B/E/S.  Full Article

Nokian Tyres plc lowers FY 2014 financial guidance
Friday, 31 Oct 2014 02:00am EDT 

Nokian Tyres plc:Says FY 2014 sales are set to decline.Says operating profit is seen around 300-320 million euros.Previously forecast falling sales and operating profit.  Full Article

BRIEF-Nokian Tyres signs 100 million euro 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: (Helsinki Newsroom)