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Nokian Tyres plc (NRE1V.HE)

NRE1V.HE on Helsinki Stock Exchange

38.84EUR
8:14am EDT
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€0.49 (+1.28%)
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€38.35
Open
€38.44
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€38.90
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€38.34
Volume
392,329
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456,506
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€40.20
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€30.31

Latest Key Developments (Source: Significant Developments)

Nokian Tyres to pay 59 mln euros in additional taxes
Tuesday, 3 Oct 2017 07:00am EDT 

Oct 3 (Reuters) - Nokian Tyres Plc :Says company is obliged to pay 59 million euros ($69.36 million) additional taxes with punitive tax increases and interests concerning tax year 2011.Says will record total additional taxes of 59 million euros to financial statement and result of Q3 2017.Says tax administration's ruling does not affect the company's dividend distribution.Says to appeal against decision.  Full Article

Nokian Tyres shares rise after strong Q2 report
Tuesday, 8 Aug 2017 01:20am EDT 

Aug 8 (Reuters) - Nokian Tyres :shares up 8.1 percent by 0704 GMT.  Full Article

Finland's Nokian Tyres will not comment on possible probe
Thursday, 18 May 2017 09:15am EDT 

May 18 (Reuters) - Nokian Tyres Plc ::Says is aware of the investigation request by The Financial Supervisory Authority to the National Bureau of Investigations, but has currently no comment on the matter.Finnish watchdog asks police to investigate Nokian Tyres: nL8N1IK3KN.  Full Article

Nokian Tyres says U.S. plant project not affecting dividends, sees European factory possible in long-term
Wednesday, 3 May 2017 01:37am EDT 

May 3 (Reuters) - Nokian Tyres Plc :acting CEO Andrei Pantioukhov tells conference call that the building of a new plant in the United States does not change the company's dividend outlook for the coming years, says Nokian has a solid financial position.says in long term, Nokian would also need a new tyre plant in Central Europe: "to improve our business, in a couple of years we should discuss that option as well".  Full Article

Nokian Tyres shares fall after Q1 results
Wednesday, 3 May 2017 01:37am EDT 

May 3 (Reuters) - Nokian Tyres :Shares fall 5 percent after Q1 results.  Full Article

Tyre maker Nokian plans to build a new factory in U.S.
Wednesday, 3 May 2017 12:55am EDT 

May 3 (Reuters) - NOKIAN TYRES PLC :NOKIAN TYRES' BOARD OF DIRECTORS HAS MADE A PRINCIPAL DECISION TO INVEST IN A GREENFIELD FACTORY IN THE USA.NOKIAN TYRES PLC - TOTAL INVESTMENT AMOUNT AT THIS PHASE IS APPROXIMATELY USD 360 MILLION.NOKIAN TYRES PLC - BOARD OF DIRECTORS HAS MADE A PRINCIPAL DECISION ON INVESTMENT IN THIRD FACTORY.SAYS ANNUAL CAPACITY OF FACTORY WILL BE 4 MILLION TYRES WITH AN EXPANSION POTENTIAL IN FUTURE.CONSTRUCTION IS SCHEDULED TO BEGIN IN EARLY 2018 AND FIRST TYRES ARE TO BE PRODUCED IN 2020.SAYS TOTAL INVESTMENT AMOUNT AT THIS PHASE IS APPROXIMATELY USD 360 MILLION.SAYS CONSTRUCTION IS SCHEDULED TO BEGIN IN EARLY 2018 AND FIRST TYRES ARE TO BE PRODUCED IN 2020.  Full Article

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

BRIEF-Nokian Tyres to pay 59 mln euros in additional taxes

* Says company is obliged to pay 59 million euros ($69.36 million) additional taxes with punitive tax increases and interests concerning tax year 2011