There have been several examples in recent years showing that management teams inexperienced in the US market tend to make the same mistakes. Whether we are talking of thyssenkrupp (new steel processing plants constructed without the necessary clients) or voestalpine (a new direct iron ore plant was built in Texas at much higher than anticipated costs) and now Nokian Renkaat. The latter is incurring higher than expected costs in Dayton, Tennessee.
24 Jan 2020
Management issues a sales and profit warning for 2020
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Management issues a sales and profit warning for 2020
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
24 Jan 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
There have been several examples in recent years showing that management teams inexperienced in the US market tend to make the same mistakes. Whether we are talking of thyssenkrupp (new steel processing plants constructed without the necessary clients) or voestalpine (a new direct iron ore plant was built in Texas at much higher than anticipated costs) and now Nokian Renkaat. The latter is incurring higher than expected costs in Dayton, Tennessee.