Financial Statement release 2020, February 9, 2021:
Guidance for 2021
In 2021, Nokian Tyres’ net sales with comparable currencies and segments operating profit are expected to grow significantly.
The global car and tire demand is expected to pick up, but the COVID-19 pandemic continues to cause uncertainties for the development.
Previously published guidance
Stock exchange release 2019, March 27, 2020:
Nokian Tyres plc withdraws financial guidance for 2020
Due to the COVID-19 outbreak, which has increased the uncertainty in the car and tire market, the Board of Directors of Nokian Tyres plc has decided to withdraw the Company’s financial guidance for 2020 published on February 4, 2020. Due to the prevailing uncertainties, the Board is not in a position to give a new guidance.
Financial Statement Release 2019, February 4, 2020:
Guidance for 2020
In 2020, net sales with comparable currencies are expected to decline and operating profit to be significantly below the level of 2019. In line with Nokian Tyres’ updated 2018 strategy, the company is targeting further growth in Russia, Central Europe, and North America. In 2020 however, net sales and operating profit in Russia are expected to decline substantially due to the changed market dynamics. Operating profit in 2020 will include costs related to the North American expansion and other investment programs to support long-term growth, as communicated in 2018.