Nokian Tyres: Financial targets aim for faster growth in Europe, North America

14th November 2018 | 0 Comments
 
Nokian Tyres: Financial targets aim for faster growth in Europe, North America
Hille Korhonen says the new financial targets guide the tyre maker in executive its growth strategy

The Board of Directors at Nokian Tyres has set new financial targets for 2019-2021. These targets include faster than market growth of more than five per cent CAGR, EBIT at 22 per cent and a shareholders’ dividend of more than 50 per cent of net earnings. Nokian says the
financial targets will guide the company in reaching the strategic ambitions it set in early 2018, which include increasing sales by 50 per cent in Central Europe and doubling them in North America within the next five years.

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