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NKRKF - Nokian Tyres: Good Business But Wait For A Dividend Cut
Nokian Tyres Plc
Nokian Stock Analysis Approach – Introduction
This research report, giving a micro analysis of Nokian’s (NKRKF) (NKRKY) business with the focus on how their story evolves over time, is based on a full tire stocks sector analysis with a macro overview.
I have listened to all the presentations from Nokian’s 2018 Capital Markets Day and to their last conference call where, unfortunately, the story completely changed. For example, in October 2018, the management expected the Russian market to grow at 6%. Actual growth over 2019 was -2%. Given the subdued environment