Net sales

Nokian Tires plc raises net sales forecast for 2022

Nokian Tires plcPrivileged information, June 17, 2022 at 10:00 a.m.

The war in Ukraine and the resulting sanctions continue to create great uncertainty for Nokian tires operating environment in particular related to Russia. However, demand for tires remained good and Nokian tires succeeded in implementing price increases to mitigate cost inflation. As a result, the company is raising its net sales guidance for 2022. In the second half, Nokian tires the supply of tires will be severely restricted by the sanctions, which will have a negative impact on the operating result of the segments. Significant uncertainties remain in the outlook for 2022.

Updated guidance for 2022:

The war in Ukraine and the resulting sanctions cause great uncertainty for Nokian tires operating environment. In 2022, Nokian tires net sales are expected to decrease or be at the prior year’s level, and segment operating profit is expected to decrease significantly compared to 2021.

Previous advice given on April 27, 2022:

The war in Ukraine and the resulting sanctions cause great uncertainty for Nokian tires operating environment. Nokian tires net sales and operating income of the segments in 2022 are expected to decrease significantly compared to 2021.

Nokian Tires plc

Paivi AntolaSVP, Corporate Communications and Investor Relations
Phone. +358 10 401 7327

Investor Relations: [email protected]

Media inquiries: [email protected]

Distribution: Nasdaq Helsinki, media and www.nokiantyres.com

Nokian tires develops and manufactures premium tires for people who value safety, durability and predictability. Our goal is to enable the world to drive smarter. Inspired by our Scandinavian heritage, we design innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2021, the company’s net sales were €1.7 billion and it employed some 4,900 people. Nokian tires is listed on Nasdaq Helsinki. More information: www.nokiantyres.com

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