Nokian Renkaat Oyj 10/31/2023 Earnings Report

Nokian Renkaat Oyj EPS Results

• Actual EPS: $0.02
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Nokian Renkaat Oyj Revenue Results

• Actual Revenue: $300.50 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Nokian Renkaat Oyj Announcement Details

• Date: 10/31/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Nokian Renkaat Oyj (OTCMKTS:NKRKY), operating under the Nokian Tyres brand, is a Finnish manufacturer specializing in the design, development and production of tires for passenger cars, SUVs, trucks and heavy machinery. The company is particularly renowned for its winter tire technologies, offering a portfolio that includes studded and studless solutions engineered for snow, ice and challenging weather conditions. Nokian also produces all-season and summer tire lines, catering to a broad range of on-road and off-road applications.

The firm traces its origins to the Finnish Rubber Works founded in 1898 and emerged as an independent tire company following a spin-off from Nokia Corporation in 1988. Headquartered in the town of Nokia, Finland, the company maintains research and testing facilities in northern Finland—most notably in Ivalo—where extreme cold-weather trials support product development. Manufacturing capacity extends to plants in Finland, Russia and North America, enabling Nokian Renkaat to serve diverse regional markets.

Serving customers across Europe, North America and select global markets, Nokian Renkaat distributes products through an extensive network of dealers and distributors. Led by a Finland-based management team, the company places a strong emphasis on research and development, sustainability initiatives and the adoption of advanced rubber compounds to enhance tire performance, safety and environmental responsibility.