The group’s revenue increased by 1.5% to just below €1.60bn (+5.7% currency-adjusted), while EBIT and net earnings were up by 1.9% to €372m and 33% to €295m, respectively. However, the 2017 net profit number was burdened by a punitive tax charge (including interest) of €59m. Excluding this, net profit was up by 5.4%. Our respective forecasts were €1.64bn, €377m, and €301m. The proposed dividend of €1.58 (after €1.56 paid for 2017) is a clear
05 Feb 2019
2018 operating profit just ahead of our projection
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2018 operating profit just ahead of our projection
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
05 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s revenue increased by 1.5% to just below €1.60bn (+5.7% currency-adjusted), while EBIT and net earnings were up by 1.9% to €372m and 33% to €295m, respectively. However, the 2017 net profit number was burdened by a punitive tax charge (including interest) of €59m. Excluding this, net profit was up by 5.4%. Our respective forecasts were €1.64bn, €377m, and €301m. The proposed dividend of €1.58 (after €1.56 paid for 2017) is a clear