Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Nokian Renkaat Oyj
  6. News
  7. Summary
    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

(TYRES)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Nokian Renkaat Oyj : A solar power plant the size of two soccer fields rose on the rooftop of Nokian Tyres' logistics center in Finland

06/10/2021 | 11:11am EDT

Nokian Tyres' logistics center in Nokia, Finland now has a solar power plant with the highest output for a rooftop-mounted plant in the Pirkanmaa province. The power plant consists of 3,160 solar panels with a combined output of more than 1,100 kilowatts (kW). All of the electricity generated by the solar panels is used by the logistics center, where power is required for lighting and ventilation, for example.

The system was constructed by energy company Solarigo Systems. The power plant generates approximately 990,000 kWh of electricity per year; this is equivalent to about 50 electrically heated homes (20,000 kWh/a), 400 one-bedroom apartments (2,500 kWh/a), or 5,000,000 kilometers in an electric vehicle (0.2 kWh/km). The surface area of the power plant on the roof is approximately 17,000 m2, which is equivalent to slightly more than two soccer fields.

"Nokian Tyres has long had the goal of increasing the use of eco-friendly energy. Last year, all of the electricity purchased for our Nokia factory already came from renewable sources. The development of solar panel technology has made solar panels more cost-efficient", says Teppo Huovila, Vice President, Quality & Sustainability.

In addition to Nokia, the company has solar power plants at its US factory and in the area of its new testing center in Spain.

"There is a major push toward wind and solar power in Finland right now, so it is natural for Nokian Tyres to be involved. Solar power generates zero emissions and is also quiet, which makes it friendly to the nearby environment as well", Huovila says.

Nokian Tyres was the first tire industry company to receive official approval for its global warming mitigation targets from the Science Based Targets initiative (SBT). The use of renewable solar energy is a part of the reduction of CO2 emissions generated from the company's own operations. Nokian Tyres was also recently included on the Europe's Climate Leaders 2021 list compiled by the Financial Times magazine.

Nokian Tyres plc

Päivi Antola

SVP, Investor Relations & Corporate Communications

Further information: Teppo Huovila, Vice President, Quality & Sustainability, tel. +358 10 401 7701, teppo.huovila@nokiantyres.com

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

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

All news about NOKIAN RENKAAT OYJ
02:51aNOKIAN TYRES : Disclosure under chapter 9, section 10 of the securities market a..
AQ
07/22NOKIAN RENKAAT OYJ : Tyres Officially Expands to 24/7 Production at Dayton Facto..
PU
07/20NOKIAN RENKAAT OYJ : Tyres will publish its half year financial report january--..
AQ
07/20NOKIAN RENKAAT OYJ : Tyres will publish its Half Year Financial Report Januaryâ&..
AQ
07/20NOKIAN RENKAAT OYJ : Tyres will publish its Half Year Financial Report January&m..
PU
06/23NOKIAN RENKAAT OYJ : Efficiency and safety for maintenance work in built environ..
AQ
06/22NOKIAN RENKAAT OYJ : Efficiency and safety for maintenance work in built environ..
PU
06/22NOKIAN TYRES : Disclosure under chapter 9, section 10 of the securities market a..
PU
06/18NOKIAN RENKAAT OYJ : Tyres celebrated its new, ultra-modern tire warehouse in ru..
AQ
06/18NOKIAN TYRES : Disclosure under chapter 9, section 10 of the securities market a..
PU
More news
Financials
Sales 2021 1 521 M 1 798 M 1 798 M
Net income 2021 211 M 249 M 249 M
Net cash 2021 5,59 M 6,60 M 6,60 M
P/E ratio 2021 22,6x
Yield 2021 3,93%
Capitalization 4 796 M 5 676 M 5 668 M
EV / Sales 2021 3,15x
EV / Sales 2022 2,94x
Nbr of Employees 4 982
Free-Float 89,8%
Chart NOKIAN RENKAAT OYJ
Duration : Period :
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 UNDERPERFORM
Number of Analysts 17
Last Close Price 34,70 €
Average target price 29,86 €
Spread / Average Target -13,9%
EPS Revisions
Managers and Directors
Jukka Matias Moisio President & Chief Executive Officer
Teemu Johannes Kangas-Kńrki Chief Financial Officer
Jukka Hienonen Chairman
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
Sector and Competitors