1. 1-3 of 3
    1. Nokian Tyres Ceo’s 100-Day Update

      The COVID-19 pandemic has had a significant impact on global car and tire demand. Despite this, Nokian Tyres’ short-term priorities are clear: “We will continue to provide our customers and consumers with world-class products and services, while at the same time keeping costs under strict control. We will prioritize cash flow by cutting back investments and actively managing working capital,” says Jukka Moisio, President and CEO of Nokian Tyres. “In this volatile market environment, our focus in the second half of 2020 is tactical. A more thorough review of our longer-term growth strategy will take place once the market has stabilized.”

      Read Full Article
    2. Nokian Tyres Half Year Financial Report January–June 2020: Strong Balance Sheet Supporting In Difficult Times

      Nokian Tyres plc Half Year Financial Report January–June 2020, August 4, 2020, 2:00 p.m.

      January–June 2020

      • Net sales were EUR 550.5 million (756.1 in January−June 2019). With comparable currencies, net sales decreased by 25.0% especially due to COVID-19, measures taken to reduce high carry-over stocks in the Russian distribution channel, and mild winter in all main markets.
      • Segments operating profit was EUR 40.8 million (155.5), with no significant currency impact. The decline was driven by lower volumes and underabsorption of factory costs. EUR 54.6 million of expenses were booked as non-IFRS exclusions. Operating profit was EUR -13.7 million (148.0).
      • Segments earnings per share were EUR 0.16 (2.01, positively impacted by EUR 1.08 related to the rulings on the tax disputes). Earnings per share were EUR -0.16 (1.94; positively impacted by EUR 1 ...
      Read Full Article
    3. Smart Tires Are Coming – How Consumers Will Benefit from Sensor Technology

      The automatization of traffic is advancing, which also sets new requirements for car tires. When a car is not human-controlled, it must be able to individually observe driving conditions via sensors installed on tires, for example. The old and familiar safety characteristics, such as grip on ice and aquaplaning resistance, will be joined by technology that produces real-time data.  

      – If a car does not have an active driver to ensure that the tires are safe to use, safety needs to be measured in another way, says Mika Penttilä, Head of Digital Technology for Nokian Tyres 

      Read Full Article
    1-3 of 3
  1. Categories

    1. Industry Channel:

      Automotive, Environment & Sustainability, Events, Executive News, Industry Statistics, Product News, Raw Materials, Rubber & Plastics, Tire Care & Shopping, Tire Stewardship, Transportation & Infrastructure