Nokian Tyres cuts 2021 dividend as European capacity ramps up
As plans to expand European production are brought forward, Nokian Tyres is scaling back its 2021 dividend (Photo: Nokian Tyres)
The war in Ukraine has brought “high uncertainty” to Nokian Tyres’ operational environment and manufacturing capacity, and as a result it is accelerating plans to invest in new production capacity in Europe. To help fund this capacity, the Board of Directors at Nokian tyres has decided to decrease the dividend payable for the 2021 financial year.
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