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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokian Renkaat Oyj    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

(TYRES)
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Nokian Renkaat Oyj : Tyres again included in the prestigious Dow Jones Sustainability indices ­- among the most sustainable listed companies in the world

11/16/2020 | 10:08am EST

Nokian Tyres has been included in the Dow Jones' DJSI World sustainability index for the fourth consecutive year. The company was also selected for the more strictly defined DJSI Europe index. This means that the company is among the most sustainable listed companies in the world. The company received full 100 points in Product Quality & Recall Management, Environmental Reporting, Environmental Policy & Management and Social Reporting.

- We are proud to show leadership in sustainability and to receive this acknowledgement. In May 2020, Nokian Tyres became the first tire company to have its' Science Based Targets for decreasing CO2 emissions officially approved. Our global team continues to work hard to achieve these goals and continuously improve in the area of sustainability, says President & CEO Jukka Moisio.

In six years, Nokian Tyres has reduced CO2 emissions from production by 44%. The rolling resistance of Nokian Tyres' tires has been reduced by 8% in average, which equals to the exhaust fumes of 65,000 cars annually. The goal of this determined work is to improve the eco-friendliness of the products without compromising on safety.

Indices list the world's most sustainable companies - including Nokian Tyres

The DJSI World is comprised of corporate leaders in global sustainability as identified by SAM, now a part of S&P Global. Each year, SAM evaluates more than 7,300 companies around the world. The Corporate Sustainability Assessment focuses on criteria that are both industry-specific and financially material and has been doing so since 1999.

For investors, this is a highly valued, comprehensive corporate sustainability assessment. The assessment of companies this year is based on their performance in 2019. Only leading companies in each industry are included in the indices each year.

Learn more about Nokian Tyres' work on sustainability.

Nokian Tyres plc

Päivi Antola

SVP, Corporate Communications and Investor Relations

Further information: Teppo Huovila, Vice President, Quality and Sustainability, tel. +358 10 401 7701

Nokian Tyres develops and manufactures premium tires for people who value safety and sustainability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2019, the company's net sales were EUR 1.6 billion and it employed some 4,700 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2020 1 348 M 1 628 M 1 628 M
Net income 2020 99,8 M 121 M 121 M
Net Debt 2020 48,7 M 58,8 M 58,8 M
P/E ratio 2020 41,6x
Yield 2020 3,64%
Capitalization 4 148 M 5 015 M 5 009 M
EV / Sales 2020 3,11x
EV / Sales 2021 2,81x
Nbr of Employees 4 785
Free-Float 85,9%
Chart NOKIAN RENKAAT OYJ
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Nokian Renkaat Oyj Technical Analysis Chart | TYRES | FI0009005318 | MarketScreener
Technical analysis trends NOKIAN RENKAAT OYJ
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 25,34 €
Last Close Price 30,01 €
Spread / Highest target 9,96%
Spread / Average Target -15,6%
Spread / Lowest Target -50,0%
EPS Revisions
Managers and Directors
NameTitle
Jukka Matias Moisio President & Chief Executive Officer
Jukka Hienonen Chairman
Teemu Johannes Kangas-Krki Chief Financial Officer
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
Sector and Competitors