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Nokian Tyres plc (NRE1V.HE)

NRE1V.HE on Helsinki Stock Exchange

31.34EUR
18 Apr 2019
Change (% chg)

€0.22 (+0.71%)
Prev Close
€31.12
Open
€31.00
Day's High
€31.46
Day's Low
€30.73
Volume
392,839
Avg. Vol
723,630
52-wk High
€38.00
52-wk Low
€26.35

Latest Key Developments (Source: Significant Developments)

Nokian Tyres: Tax Administration's Positive Decision In Appeal Concerning Tax Year 2011 Final
Friday, 15 Mar 2019 07:15am EDT 

March 15 (Reuters) - Nokian Tyres plc ::TAX ADMINISTRATION'S POSITIVE DECISION IN THE APPEAL CONCERNING TAX YEAR 2011 FINAL.DECISION HAS NO CASH FLOW IMPACT IN 2019.  Full Article

Nokian Tyres: Court Ruling In Tax Dispute Case 2007-2010 Now Final
Friday, 8 Mar 2019 11:15am EST 

March 11 (Reuters) - Nokian Tyres plc ::SAID ON FRIDAY THE SUPREME ADMINISTRATIVE COURT REJECTED APPLICATION FOR LEAVE TO APPEAL FROM THE TAX RECIPIENTS’ LEGAL SERVICES UNIT IN NOKIAN TYRES’ 2007–2010 TAX DISPUTE.DECISION OF THE ADMINISTRATIVE COURT OF HÄMEENLINNA IN MAY 2018 IS THUS FINAL AND THE TAX DISPUTE FOR THE TAX YEARS 2007–2010 COMPLETED.DECISION OF THE SUPREME ADMINISTRATIVE COURT HAS NO CASH FLOW IMPACT AS THE TAX ADMINISTRATION RETURNED THE ADDITIONAL TAXES PAID BY THE COMPANY ALREADY IN 2018.  Full Article

Nokian Tyres Says Construction of New U.S. Factory Remains On Schedule
Thursday, 7 Mar 2019 02:50am EST 

March 7 (Reuters) - Nokian Tyres plc ::SAYS ITS FIRST NORTH AMERICAN PRODUCTION PLANT UNDER CONSTRUCTION IN DAYTON, U.S. REMAINS ON SCHEDULE.SAYS THE DAYTON FACILITY TO BEGIN COMMERCIAL TIRE PRODUCTION IN 2020.SAYS THE DAYTON FACTORY WILL FUEL THE COMPANY’S QUEST TO DOUBLE NORTH AMERICAN SALES BY 2023.SAYS NEW FACTORY WILL MAKE FOUR MILLION TIRES A YEAR AND STORE UP TO 600,000 TIRES AT AN ONSITE DISTRIBUTION FACILITY.  Full Article

Nokian Tyres Q4 EBIT 117.2 Million Euros, Above Estimates
Tuesday, 5 Feb 2019 07:00am EST 

Feb 5 (Reuters) - Nokian Tyres plc ::FINANCIAL STATEMENT RELEASE 2018: GOOD PERFORMANCE WITH STRONG GROWTH IN RUSSIA AND NORTH AMERICA, HEADWIND FROM CURRENCIES.Q4 SALES 473.6 MILLION EUROS (REUTERS POLL 487 MILLION EUROS).IN 2019, NET SALES WITH COMPARABLE CURRENCIES ARE EXPECTED TO GROW AND OPERATING PROFIT TO BE APPROXIMATELY AT LEVEL OF 2018..AS A RESULT OF ONGOING INVESTMENT PROGRAMS TO SUPPORT GROWTH, OPERATING PROFIT IN 2019 WILL INCLUDE SIGNIFICANT ADDITIONAL OPERATING COSTS.BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 1.58 (1.56) PER SHARE. GUIDANCE.Q4 EBIT 117.2 MILLION EUROS (REUTERS POLL 113 MILLION EUROS).SAYS IN 2018, WE MADE GOOD PROGRESS ESPECIALLY IN RUSSIA AND NORTH AMERICA.TIRE MARKET IN CENTRAL EUROPE GOT HIGHLY COMPETITIVE IN 2018.SAYS WITH COMPARABLE CURRENCIES, NOKIAN TYRES' NET SALES INCREASED BY 5.7%.OPERATING PROFIT IN 2019 WILL INCLUDE SIGNIFICANT ADDITIONAL OPERATING COSTS..SAYS GROWTH WAS DRIVEN BY PASSENGER CAR TYRES, DESPITE NEGATIVE IMPACT OF A DELAYED SUMMER AND LOWER NEW CAR SALES IN SWEDEN AND NORWAY.  Full Article

Nokian Tyres Aims To Pay Stable Or Growing Dividends -CFO
Tuesday, 13 Nov 2018 07:00am EST 

Nov 13 (Reuters) - Nokian Tyres plc ::NOKIAN TYRES CFO SAYS EXPECTS NO MAJOR CHANGES IN DIVIDENDS, SAYS THE AIM IS TO PAY STABLE OR GROWING DIVIDENDS.  Full Article

Nokian Tyres sets new financial targets for 2019-2021
Monday, 12 Nov 2018 09:00am EST 

Nov 12 (Reuters) - Nokian Tyres ::FINANCIAL TARGETS FOR 2019-2021.SAYS DECIDED ON NEW FINANCIAL TARGETS FOR 2019-2021.SAYS NEW FINANCIAL TARGETS ARE: - GROWING FASTER THAN MARKET: CAGR ABOVE 5% WITH COMPARABLE CURRENCIES.SAYS HEALTHY PROFITABILITY: EBIT AT LEVEL OF 22%.SAYS GOOD RETURNS FOR OUR SHAREHOLDERS: DIVIDEND ABOVE 50% OF NET EARNINGS.PREVIOUS FINANCIAL TARGETS FOR 2016–2018 WERE: AVERAGE ANNUAL SALES GROWTH OF 4–5% AT A MINIMUM (AT STABLE CURRENCY EXCHANGE RATES), THE BEST OPERATING PROFIT LEVEL IN THE INDUSTRY, A MINIMUM OF 22%, GOOD RETURNS FOR OUR SHAREHOLDERS: DIVIDEND OF AT LEAST 50% OF NET EARNINGS.  Full Article

Nokian Tyres Cuts 2018 Financial Outlook
Wednesday, 31 Oct 2018 01:55am EDT 

Oct 31 (Reuters) - Nokian Tyres plc ::LOWERS ITS GUIDANCE FOR 2018.IN 2018, NET SALES AND OPERATING PROFIT ARE EXPECTED TO BE AT SAME LEVEL OR SLIGHTLY HIGHER COMPARED WITH 2017 DUE TO CONTINUED NEGATIVE CURRENCY IMPACT..EARLIER GUIDANCE: NET SALES AND OPERATING PROFIT ARE EXPECTED TO GROW COMPARED WITH 2017.DUE TO CONTINUED NEGATIVE CURRENCY IMPACT, NOKIAN TYRES PLC LOWERS ITS EARLIER GUIDANCE FOR 2018.  Full Article

Nokian Tyres Q2 Beats Expectations
Wednesday, 8 Aug 2018 12:20am EDT 

Aug 8 (Reuters) - NOKIAN TYRES PLC ::Q2 SALES 429.1 MILLION EUROS (REUTERS POLL 409 MILLION EUROS).Q2 EBIT 108.0 MILLION EUROS (REUTERS POLL EUR 99.7 MILLION).SAYS GUIDANCE IS UNCHANGED.TO INCREASE PRODUCTION CAPACITY FOR PASSENGER CAR TYRES IN FINLAND BY APPROXIMATELY 1 MILLION TYRES BY STARTING TO RUN FACTORY SIX DAYS A WEEK.CONSTRUCTION WORK AT OUR NEW US FACTORY IN DAYTON, TENNESSEE, IS ALSO PROCEEDING AS PLANNED.IN 2018, WITH CURRENT EXCHANGE RATES, NET SALES AND OPERATING PROFIT ARE EXPECTED TO GROW COMPARED WITH 2017.  Full Article

Nokian Tyres Gets Favourable Court Ruling In Tax Dispute Case
Monday, 14 May 2018 03:20am EDT 

May 14 (Reuters) - Nokian Tyres plc ::SAYS ADMINISTRATIVE COURT RULING IN THE TAX DISPUTE CASE 2007-2010 POSITIVE FOR THE COMPANY.SAYS ADMINISTRATIVE COURT HAS OVERTURNED TAX REASSESSMENT DECISIONS OF EUR 89.2 MILLION OF THE BOARD OF ADJUSTMENT COMPLETELY AND ORDERED TAX ADMINISTRATION ALSO TO PAY NOKIAN TYRES LEGAL COSTS WORTH OF EUR 40,000.SAYS ADJUSTMENTS TO FINANCIAL REPORTING OF NOW RECEIVED RULING FROM ADMINISTRATIVE COURT WILL BE DONE WHEN RULING IS FINAL .  Full Article

Nokian Tyres Shares Fall As Q1 Results Miss Market Expectations
Wednesday, 9 May 2018 02:00am EDT 

May 9 (Reuters) - Nokian Tyres plc ::SHARES FALL 5.3 PERCENT BY 0702 GMT AFTER Q1 RESULTS.  Full Article