Nokian Tyres' Annual General Meeting 2022 was held on April 28, 2022.
War in Ukraine overshadowed H1, preparations to exit Russia started
"The second quarter of 2022 was marked by increasing challenges in our operating environment due to the war in Ukraine and the subsequent, tightening sanctions. In June, the Board of Directors decided to initiate a controlled exit from Russia as it is no longer feasible nor sustainable for Nokian Tyres plc to continue operations in Russia. We are evaluating different options for the exit and discussions with possible candidates are ongoing. We will focus on growth opportunities in our other core markets, without a presence in Russia"
Our ability to generate value for shareholders is based on profitable growth and a strong position in selected segments.
Segments operating profit, MEUR
Share of winter tires of total sales
Upcoming IR events
Silent period October 1–November 1, 2022
Nokian Tyres plc
P.O. Box 20
(Visiting address: Pirkkalaistie 7)
Päivi Antola, SVP, Investor Relations & Corporate Communications
Tel. +358 10 401 7327
Annukka Angeria, Manager, Investor Relations
Tel. +358 10 401 7581