Revenue fell by 2% to €1.36bn but we had expected an even lower number of €1.31bn. EBIT was down by 4% to €296m (vs. our expected €280m) but net profit was up by 16% to €241m (we had expected €224m). Although Nokian Renkaat’s profits were down, management proposes a dividend increase of €0.05 to €1.50.
05 Feb 2016
2015 was better than expected, but probably no 2016 profit increase
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2015 was better than expected, but probably no 2016 profit increase
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
05 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Revenue fell by 2% to €1.36bn but we had expected an even lower number of €1.31bn. EBIT was down by 4% to €296m (vs. our expected €280m) but net profit was up by 16% to €241m (we had expected €224m). Although Nokian Renkaat’s profits were down, management proposes a dividend increase of €0.05 to €1.50.