GUIDANCE

Guidance for 2022, updated 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.

 

PREVIOUSLY PUBLISHED GUIDANCE

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.