Analysts: Good results Nokian to have neutral share impact
Financial analysts at Morgan Stanley described Nokian's recent third quarter financials as “a good set of results”, with sales and pre-tax profits (EBIT) ahead of consensus. As a result the the consensus is that these provide a positive outlook for the fourth quarter of 2011. However the investor's note also said that growth in order intake is levelling off.
“A good set of results, admission of the beginning of slowdown should not be big news to the market…We think shares will be neutral to positive, assuming [the] CEO will hold a confident and reassuring conference call as usual.”