Nokian Renkaat’s H1 revenue number was unchanged and so was the Q3 number. Whereas both EBIT and net earnings (excluding the one-off tax impact) were down by some 12% in H1, EBIT and net profit both fell by 21% in the last quarter. Management sticks to its guidance from earlier this month of about unchanged revenue and an EBIT margin of 20% vs. 23% generated in 2018.
30 Oct 2019
Clearly disappointing profit numbers in Q3 19
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Clearly disappointing profit numbers in Q3 19
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
30 Oct 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Nokian Renkaat’s H1 revenue number was unchanged and so was the Q3 number. Whereas both EBIT and net earnings (excluding the one-off tax impact) were down by some 12% in H1, EBIT and net profit both fell by 21% in the last quarter. Management sticks to its guidance from earlier this month of about unchanged revenue and an EBIT margin of 20% vs. 23% generated in 2018.