Nokian Renkaat Oyj

Latest Results (16.10.2025):

Nokian Renkaat Oyj reported a strong financial performance for the first half of 2025, showcasing significant growth in net sales and operating profits. The company has implemented strategic initiatives that have begun to yield positive results, positioning it well for continued success in the remaining months of the year.

Net Sales Increase

Net sales for January–June 2025 reached EUR 613.2 million, marking a 9.3% increase compared to the same period in 2024. With comparable currencies, net sales grew by 10.0%, outperforming market growth across all regions.

Operating Profit Improvement

Segments operating profit surged by 56.5% to EUR 7.8 million for the first half of 2025, driven by higher passenger car tire sales, strategic price increases, and reduced manufacturing and supply chain costs. This improvement highlights the effectiveness of the company's ongoing financial strengthening actions.

Leadership Update

Paolo Pompei began his role as President and CEO of Nokian Renkaat Oyj on January 1, 2025. Under his leadership, the company has accelerated efforts to enhance financial performance, resulting in early positive outcomes from these strategic initiatives.

2025 Guidance and Investment

The company maintains its guidance for 2025, expecting continued growth in net sales and an improved segments operating profit margin. Nokian Renkaat Oyj has invested approximately EUR 800 million over three years to expand production capacity, laying a strong foundation for long-term success.

Sustainability Recognition

Nokian Renkaat Oyj was ranked 98th on TIME magazine’s list of the world’s 500 most sustainable companies, reflecting its ongoing commitment to environmental and social responsibility. This recognition underscores the company's dedication to sustainable business practices.