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After a strong performance during 2018, the Finnish tire manufacturer Nokian Tyres (OTCPK:OTCPK:NKRKY) seeks further growth for the following years from North America and Central Europe. The company has targeted 5% annual growth in revenue for 2019-2021 in its operations with a profit margin of 22%, which is a bit less than the current profit margin of 23.2%.
Challenging market outlook and tightening competition create challenges for these targets and I would not only see the growth target over-optimistic but the current market value of the stock unjustified with these assumptions.