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    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

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The Hakkapeliitta winter tire family is growing: New non-studded NOKIAN TYRES Hakkapeliitta® R5 offers unprecedented ice grip, silence and eco-friendly mobility for the Northern winter

12/29/2021 | 11:14am EDT

Nokian Tyres (HEX:TYRES) is continuing to renew its legendary Hakkapeliitta winter tire range. NOKIAN TYRES Hakkapeliitta® 10 has been a great success and now the world's northernmost tire manufacturer is publishing its new flagship products: Hakkapeliitta® R5 Nordic non-studded winter tires designed for passenger cars and SUVs.

- Hakkapeliitta winter tires are known around the world as the champions of demanding winter weather. The new Hakkapeliitta® R5 is a revolutionary winter tire that everyone will want to experience for themselves, says Head of Product Management Marko Saari from Nokian Tyres.

A new and special introduction into this product family will also be a non-studded tire specially tailored for EVs and hybrids.

The Hakkapeliitta winter tire family will also be supplemented with van and RV tires designed for the growing logistics and leisure travel segments. The studded NOKIAN TYRES Hakkapeliitta® C4 and the Nordic non-studded NOKIAN TYRES Hakkapeliitta® CR4 feel at home on the ice and snow.

The key markets for the Hakkapeliitta product family are the Nordic countries, Russia, and North America. More detailed product information and photos of the new winter tires will be released in late January.

Further information:

Nokian Tyres plc,

Head of Product Management Marko Saari, tel. +358 10 401 7339,

marko.saari@nokiantyres.com

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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 2020, the company's net sales were EUR 1.3 billion and it employed some 4,600 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 1 531 M 1 612 M 1 612 M
Net income 2022 121 M 127 M 127 M
Net Debt 2022 7,30 M 7,69 M 7,69 M
P/E ratio 2022 14,7x
Yield 2022 3,35%
Capitalization 1 776 M 1 870 M 1 870 M
EV / Sales 2022 1,16x
EV / Sales 2023 1,01x
Nbr of Employees 5 293
Free-Float 82,1%
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Mean consensus HOLD
Number of Analysts 15
Last Close Price 12,85 €
Average target price 18,79 €
Spread / Average Target 46,3%
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Managers and Directors
Jukka Matias Moisio President & Chief Executive Officer
Teemu Johannes Kangas-Krki Chief Financial Officer
Jukka Hienonen Chairman
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
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