Last €20.76 EUR
Change Today -0.06 / -0.29%
Volume 1.4M
NRE1V On Other Exchanges
Symbol
Exchange
Helsinki
OTC US
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As of 11:29 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

nokian renkaat oyj (NRE1V) Snapshot

Open
€21.00
Previous Close
€20.82
Day High
€21.06
Day Low
€20.26
52 Week High
12/30/13 - €36.41
52 Week Low
12/16/14 - €18.82
Market Cap
2.8B
Average Volume 10 Days
1.5M
EPS TTM
€0.89
Shares Outstanding
133.5M
EX-Date
04/9/14
P/E TM
23.3x
Dividend
€1.45
Dividend Yield
6.98%
Current Stock Chart for NOKIAN RENKAAT OYJ (NRE1V)

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nokian renkaat oyj (NRE1V) Details

Nokian Tyres plc develops, manufactures, and markets tires in Finland, Sweden, Norway, Russia, the CIS, other countries in Europe, North America, and internationally. The company offers summer and winter tires for cars, SUVs, and vans; tires for forestry machinery; and special tires for agricultural machinery, tractors, and industrial machinery. It also develops and sells truck tires, as well as other tire brands, and other automotive products and services. In addition, the company manufactures retreading materials; and retreads tires. It operates 1,206 stores in 27 countries. The company was founded in 1898 and is headquartered in Nokia, Finland.

4,271 Employees
Last Reported Date: 10/31/14
Founded in 1898

nokian renkaat oyj (NRE1V) Top Compensated Officers

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Executives, Board Directors

nokian renkaat oyj (NRE1V) Key Developments

Nokian Tyres plc Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year of 2014

Nokian Tyres plc reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of EUR 327.7 million compared to EUR 357.0 million a year ago. Operating profit was EUR 72.1 million compared to EUR 95.7 million a year ago. Profit before tax was EUR 61.7 million compared to EUR 83.4 million a year ago. Profit for the period was EUR 53.4 million compared to EUR 70.9 million a year ago. Profit attributable to the equity holders of the company was EUR 53.4 million compared to EUR 71.0 million a year ago. Diluted earnings per share attributable to the equity holders of the company was EUR 0.40 compared to EUR 0.53 a year ago. For the nine months, the company reported net sales of EUR 1,009.2 million compared to EUR 1,109.1 million a year ago. Operating profit was EUR 231.2 million compared to EUR 292.2 million a year ago. Profit before tax was EUR 196.2 million compared to EUR 255.1 million a year ago. Profit for the period was EUR 158.3 million compared to EUR 220.1 million a year ago. Profit attributable to the equity holders of the company was EUR 158.3 million compared to EUR 220.3 million a year ago. Diluted earnings per share attributable to the equity holders of the company was EUR 1.19 compared to EUR 1.64 a year ago. Capital expenditure was EUR 59.1 million compared to EUR 104.8 million a year ago. Net cash used in operating activities was EUR 169.4 million compared to EUR 175.1 million a year ago. Currency rate changes cut net sales directly by EUR 60 million, which was one factor to cause profitability to drop by 3.4% points. Due to the declining raw material cost, improved productivity and running a tight ship, profitability remained on a good 23% EBIT level. RONA was 18.1% compared to 21.6% a year ago. The company provided earnings guidance for the year of 2014. In 2014, net sales and operating profit are to decline compared to 2013. Operating profit is estimated to be approximately EUR 300-320 million. The company is expecting clearly better cash flow than last year, so far this year, more than 30% improvement in cash flow. So cash flow situation for the full year looks very positive. On the CapEx point, EUR 100 million is the guidance.

Nokian Renkaat Oyj, Nine Months 2014 Earnings Call, Oct 31, 2014

Nokian Renkaat Oyj, Nine Months 2014 Earnings Call, Oct 31, 2014

Nokian Tyres to Introduce Five New SUV Summer Tires

Nokian Tyres plc has announced that it will introduce five new SUV summer tires and renew its van tire selection. Combined with precise handling, the unique durability provides exceptional driving pleasure to drivers of powerful SUVs. These special products that are tailored for the growing SUV segment are aimed at the company's main markets in the Nordic countries, Central Europe, and Russia. The latest introduction to the Nokian Hakka summer tyre family that has dominated magazine tests in the Nordic countries and Russia are the Nokian Hakka Black SUV and Nokian Hakka Blue SUV. The versatile Nokian Hakka Blue SUV for the popular small and midsize SUVs offers uncompromisingly safe and comfortable travel from the first moments of spring until long into the autumn. The sporty Nokian Hakka Black SUV is designed for the SUVs. It exudes power and precise handling and, like its little brother, it will be available to consumers in a comprehensive selection of sizes in the spring of 2015. The extensive range of Hakka summer tyres designed for the Nordic countries and Russia is supplemented by the Nokian Nordman S SUV, a durable and comfortable option for older and smaller SUVs. In addition to the new SUV products, Nokian Tyres is also supplementing its selection of Hakka summer tyres, tailored for the rough Northern roads, with the Nokian Hakka C2 van tyre. The stable Nokian Hakka C2 van tyre carries its heavier loads safely, precisely, and lightly. The new product family uses one tread pattern for both the lighter and heavier vehicles. Three new products are being introduced into the Nokian Line product family, which is especially suited for the varying Central European summer weather. The Nokian zLine SUV offers high performance and precision, and it retains control even under extreme situations. The Nokian Line SUV, fine-tuned for small and midsize SUVs, offers a versatile experience. The Nokian Rotiiva HT, designed for light trucks, larger SUVs, and pickups will also be launched on the global market during the autumn. It is a reliable performer on asphalt and gravel alike. The tyres will start shipping to retailers in late 2014.

 

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Valuation NRE1V Industry Range
Price/Earnings 22.5x
Price/Sales 1.9x
Price/Book 2.0x
Price/Cash Flow 22.0x
TEV/Sales 1.6x
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