Nokian Renkaat sells all passenger car tyres to the replacement market in Russia, Scandinavia, Central Europe and parts of North America. As the replacement market was believed to be clearly less cyclical than the OEM market, we had not expected a surprise like this.
14 Jun 2019
First profit warning for quite a while
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First profit warning for quite a while
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
14 Jun 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Nokian Renkaat sells all passenger car tyres to the replacement market in Russia, Scandinavia, Central Europe and parts of North America. As the replacement market was believed to be clearly less cyclical than the OEM market, we had not expected a surprise like this.