GUIDANCE

Guidance for 2023 (unchanged) published in the Q1 2023 and Q2 2023 Interim Report on April 25, 2023 and on July 21, 2023. 

In 2023, Nokian Tyres’ segments net sales are expected to be between EUR 1,300–1,500 million and segments operating profit percentage of net sales between 6–8%. It is expected that due to seasonality, the segments operating profit will be generated in the second half of the year. As of 2023, segments net sales and segments operating profit exclude Russia and other items, which are not indicative of Nokian Tyres’ underlying business performance.

Guidance for 2023 published in the Financial Statement Release on February 7, 2023: 
In 2023, Nokian Tyres’ segments net sales are expected to be between EUR 1,300–1,500 million and segments operating profit percentage of net sales between 6–8%. It is expected that due to seasonality, the segments operating profit will be generated in the second half of the year. As of 2023, segments net sales and segments operating profit exclude Russia and other items, which are not indicative of Nokian Tyres’ underlying business performance.

PREVIOUSLY PUBLISHED GUIDANCEs

Guidance for 2022 updated on October 28, 2022:
The war in Ukraine and resulting sanctions have a significant negative impact on Nokian Tyres’ supply capacity and performance. In 2022, Nokian Tyres’ net sales is expected to be at previous year’s level or increase, and segments operating profit is expected to decrease significantly compared to 2021.

Guidance for 2022 published on June 17, 2022:
The war in Ukraine and resulting sanctions cause significant uncertainty to Nokian Tyres’ operating environment. In 2022, Nokian Tyres’ net sales is expected to decrease or to be at previous year’s level, and segments operating profit is expected to decrease significantly compared to 2021.

Guidance for 2022 published on April 27, 2022:
The war in Ukraine and resulting sanctions cause significant uncertainty to Nokian Tyres’ operating environment. Nokian Tyres’ net sales and segments operating profit in 2022 are expected to decrease significantly compared to 2021.

Withdrawal of guidance on February 28, 2022:
Due to the uncertainties caused by the war in Ukraine, the Board of Directors of Nokian Tyres plc decided on February 28, 2022 to withdraw the Company’s financial guidance for 2022 published on February 8, 2022.

Guidance for 2022 published on February 8, 2022:
In 2022, Nokian Tyres’ net sales with comparable currencies are expected to grow significantly and segments operating profit is expected to grow. The global car and tire demand is expected to grow. The COVID-19 pandemic continues to cause uncertainties, including cost inflation and availability challenges, in the whole automotive value chain. In addition, current geopolitical situation causes uncertainties in 2022.