1 week ago

Nokian Tyres Interim Report: Strong volume growth in all markets, demand recovering

This release is a summary of Nokian Tyres’ Interim Report January–March 2021. The complete report is attached to this release. January–March 2021

  • Net sales were EUR 341.8 million (279.8 in January−March 2020) and grew by 22.1%. With comparable currencies, net sales increased by 28.5%.
  • Segments operating profit was EUR 50.3 million (16.3), with negative currency impact of approximately EUR 10 million. Operating profit was EUR 44.3 million (9.0).
  • Segments earnings per share were EUR 0.29 (0.09). Earnings per share were EUR 0.26 (0.02).
  • Cash flow from operating activities was EUR -24.4 million (-38.9).

Key figures

EUR million 1–3/21 1–3/20 Change CC* Change 2020
Net sales 341.8 279.8 22.1% 28.5% 1,313.8
Operating profit 44.3 9.0 120.0
Operating profit % 13.0% 3.2% 9.1%
Profit before tax 43.7 5.8 106.0
Profit for the period 35.5 2.4 86.0
EPS, EUR 0.26 0.02 0.62
Segments operating profit 50.3 16.3 190.2
Segments operating profit % 14.7% 5.8% 14.5%
Segments EPS, EUR 0.29 0.09 1.04
Segments ROCE, %** 10.6% 14.4% 9.3%
Equity ratio, % 66.8% 69.4% 65.3%
Cash flow from operating activities -24.4 -38.9 422.4
Gearing, % 1.9% 7.3% -1.1%
Interest-bearing net debt 30.9 120.9 -17.2
Capital expenditure 17.1 50.9 149.9

* Comparable currencies ** Rolling 12 months

Source: Nokian Tyres

Tire and Rubber Association of Canada

A19–260 Holiday Inn Drive
Cambridge, ON N3C 4E8