Nokian Renkaat Oyj (NKRKF)
Nokian Renkaat Oyj operates in the Auto - Parts industry of the Consumer Cyclical sector, headquartered in Nokia, PI, FI. The stock last traded at $17.44, up 0.00% on the session, giving a market capitalisation of $2.41B. On trailing twelve-month figures it carries a trailing P/E of 113.09, a net margin of 1.4%. Its beta of 1.35 implies it has historically moved more than the broad market.
Nokian Renkaat Oyj is a leading tire manufacturer dedicated to the design and production of various tire types for a global market, with operations spanning Finland, the Nordic countries, Russia, broader Europe, Asia, and the Americas. The company's business activities are structured into three primary divisions: Passenger Car Tyres, Heavy Tyres, and Vianor. The Passenger Car Tyres segment focuses on engineering and manufacturing seasonal tires, including both summer and winter varieties, for automobiles and light commercial vehicles. The Heavy Tyres segment caters to robust machinery, offering specialized tires for forestry, agricultural equipment (including tractors), and industrial applications, in addition to truck tires and essential retreading materials. The Vianor segment serves as a retail arm, distributing tires for passenger cars, vans, and heavy-duty trucks, featuring both proprietary Nokian-branded products and offerings from other manufacturers, alongside a range of other automotive goods and services. Nokian Renkaat reaches its diverse customer base through a comprehensive network of distribution channels. These include its wholly-owned Vianor service centers, partner-managed service points, an established network of Nokian Tyres Authorized Dealer (NAD) partners, N-Tyre retail outlets, numerous independent tire and vehicle dealerships, and various digital commerce platforms. As of December 31, 2021, the company maintained a significant physical presence, operating 1,047 Vianor service centers, partnering with 2,282 NAD stores, and running 110 N-Tyre retail locations. Established in 1898, Nokian Renkaat Oyj maintains its corporate headquarters in Nokia, Finland.
Nokian Renkaat Oyj is most often compared with the following Consumer Cyclical names: