Mon February 28 12:00 pm 2022 in category Stock exchange releases

NOKIAN TYRES PLC WITHDRAWS FINANCIAL GUIDANCE FOR 2022

Nokian Tyres plc, Inside information, February 28, 2022 at 12:00 a.m. 

The Russian military actions in Ukraine and the consequent sanctions have caused significant uncertainty related to Russia, to the functionality of the Russian financial and payment system, and to the Russian ruble exchange rate. Therefore the Board of Directors of Nokian Tyres plc has decided to withdraw the Company’s financial guidance for 2022 published on February 8, 2022. Due to the prevailing uncertainties, the Board is not in a position to give a new guidance at this moment. 

Earlier guidance from 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.

Nokian Tyres plc

Päivi Antola
SVP, Corporate Communications and Investor Relations
 

Further information:
Jukka Moisio, President and CEO, tel: +358 10 401 7742
Teemu Kangas-Kärki, CFO, tel: +358 10 401 7750
Päivi Antola, SVP, Corporate Communications and IR, tel: +358 10 401 7327
 

Distribution: Nasdaq Helsinki, media and www.nokiantyres.com