Nokian Renkaat Oyj (TYRES) Earnings Call Transcripts

Nokian Renkaat Oyj's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Nokian Renkaat Oyj reported a net sales increase of 4.9% year-over-year, driven by strong performance in passenger car tires, which grew by 9.1% in comparable currencies. Operating profit improved significantly, rising by over 50%, supported by lower manufacturing costs and effective working capital management. Management maintained its guidance for the fiscal year, expecting sales growth and operating profit margins between 8% and 10%.

Reported metrics

Guidance from management

Management maintained its 2026 guidance, expecting sales growth and operating profit margins between 8% and 10%, despite market uncertainties.

What management said

Yes. Well, it has been very, very busy start as everybody can anticipate then. First of all, I'm very excited to be on board finally. It's been a long wait and kind of looking back when we started discussions with Paolo and the other people in the company, I got really intrigued by the momentum and drive the Nokian has. And obviously, that in treatment remains. And you only need to look at the just ended first quarte...

Sure, sure. Yes, as I think it was already mentioned in the announcement, I have a long background in a Finnish industrial equipment companies, Konecranes, Hakman Mets, Valtille and last couple of years at Normet and have been working in finance as well as in the line management roles both in Finland and overall, France, China and U.K. and now in Finland.

What analysts pressed on

Analysts raised concerns regarding the sustainability of profitability improvements in the heavy tire segment and the impact of rising raw material costs due to geopolitical tensions. There were also questions about the increase in SG&A expenses and its implications for future profitability.

Main topics on the call

• Operating Profit Improvement — Nokian's operating profit improved by over 50% in Q1 2026, attributed to volume growth, price mix improvement, and lower manufacturing costs. Management stated, "operating profit improved significantly driven by discipli...
• Product Innovation — The company launched two important flagship products and a new truck tire, highlighting their commitment to innovation. CEO Paolo Pompei noted, "this was also an exciting quarter when we talk about product innovation."
• Market Performance vs. Industry — Despite a declining market, Nokian outperformed competitors with a 9.1% increase in passenger car tire sales. Pompei remarked, "we are able to outperform the market in quarter 1," indicating strong market share gains.
• Cash Flow Improvement — The company reported a cash flow improvement of over EUR 50 million, aided by effective working capital management and reduced capital expenditures. Pompei stated, "effective working capital management... contributed to ...

Read the full Nokian Renkaat Oyj transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 Nokian Renkaat Oyj earnings call transcripts on record, spanning February 4, 2020 to July 17, 2026. Based on this history, Nokian Renkaat Oyj reports quarterly. The most recent call on file is dated July 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TYRES

Exchange

HLSE

Country

FI

Sector

Consumer Discretionary

Industry

Automobile Components

Calls on record

32

First call

February 4, 2020

Most recent

July 17, 2026

Reporting cadence

quarterly