Nokian Tyres Plc - Company Profile
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Nokian Tyres Plc (Nokian Tyres) is a manufacturer and distributor of tires. The company's product offerings include high-speed summer tires, studded and non-studded winter tires, agricultural machinery tires, forestry machinery tires, and industrial machinery tires. It provides tires for cars, trucks, and heavy-duty machinery. Nokian Tyres offers its products under a single brand Nokian. The company operates manufacturing units in Nokia, Finland, and Dayton, the US. It operates in Finland, Sweden, Germany, Norway, Ukraine, the US, Poland, the Czech Republic, Kazakhstan, Italy, China, Bulgaria, Belarus, and Romania. Nokian Tyres is headquartered in Nokia, Finland.
Headquarters
Finland
Address
Pirkkalaistie 7, Pl 20, Nokia, 37101
Website
www.nokianrenkaat.fi
Telephone
358 10 4017000
No of Employees
3,433
Industry
Automotive
Ticker Symbol & Exchange
TYRES (HEL)
Revenue (2022)
$1.3B
-13.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-84.9%
(2022 vs 2021)
Market Cap*
$1.4B
Net Profit Margin (2022)
XYZ
-112.9%
(2022 vs 2021)
* As of and is in US$
Nokian Tyres Plc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Passenger Car Tyres | Nokian |
| Heavy Tyres |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In January, the company introduced a new all-weather tire, the Remedy WRG5 for North America. |
| 2023 | Contracts/Agreements | In December, the company signed a syndicated sustainability-linked revolving credit facility of EUR200 million with Danske Bank A/S, Nordea Bank Abp, OP Corporate Bank Plc, Skandinaviska Enskilda Banken Ab (Publ) and Swedbank Ab (Publ) to utilize it as a backup for general corporate purposes. |
| 2023 | Contracts/Agreements | In December, the company entered into a partnership with RuLa-BRW to use Noktop retreading material for the pre-cure retreading process and offer it to German customers. |
Competitor Comparison
| Key Parameters | Nokian Tyres Plc | Continental AG | Magna International Inc | The Goodyear Tire & Rubber Co | Pirelli & C SpA |
|---|---|---|---|---|---|
| Headquarters | Finland | Germany | Canada | United States of America | Italy |
| City | Nokia | Hannover | Aurora | Akron | Milano |
| State/Province | - | Berlin | Ontario | Ohio | - |
| No. of Employees | 3,433 | 202,763 | 179,000 | 71,000 | 31,072 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jukka Hienonen | Chairman | Executive Board | 2020 | 62 |
| Pekka Vauramo | Deputy Chairman | Executive Board | 2021 | 66 |
| Jukka Moisio | President; Chief Executive Officer | Senior Management | 2020 | 62 |
| Niko Haavisto | Chief Financial Officer | Senior Management | 2023 | - |
| Anna Hyvonen | Executive Vice President - Passenger Car Tyres and Vianor | Senior Management | 2022 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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