Nokian’s Q3 22 came in above consensus as the disengagement from Russia has yet to materialise. The group gave a sneak peek of its future business model – to be detailed in a CMD following the closing of the Russian divestment deal – with a hybrid and derisked production. While this certainly calls for a weaker-than-historical profitability in the long run, we appreciate the gradually increasing visibility and soundness of the management’s strategy.
02 Nov 2022
Q3 22 beat; hybrid and derisked plan in sight
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Q3 22 beat; hybrid and derisked plan in sight
Nokian’s Q3 22 came in above consensus as the disengagement from Russia has yet to materialise. The group gave a sneak peek of its future business model – to be detailed in a CMD following the closing of the Russian divestment deal – with a hybrid and derisked production. While this certainly calls for a weaker-than-historical profitability in the long run, we appreciate the gradually increasing visibility and soundness of the management’s strategy.