Nokian Tyres PLC (OTCPK:NKRKY)
$ 4.6 -0.13 (-2.75%) Market Cap: 1.27 Bil Enterprise Value: 1.70 Bil PE Ratio: 170.37 PB Ratio: 0.89 GF Score: 84/100
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Q2 2020 Nokian Tyres plc Earnings Call Transcript

Aug 04, 2020 / 12:00PM GMT
Release Date Price: $12.49 (+5.94%)
Operator

Good afternoon from Helsinki and welcome to Nokian Tyres Q2 2020 Results Conference Call. My name is Päivi Antola, and I am the Head of Investor Relations in Nokian Tyres. And together with me in the call, I have Jukka Moisio, the President and CEO of the company; and Teemu Kangas-Kärki, the CFO of Nokian Tyres. And as usual, we will start the call with a brief presentation by Jukka and Teemu, and then continue with a Q&A.

So Jukka, please go ahead.

Jukka Moisio
Nokian Renkaat Oyj - President & CEO

Thank you, Päivi, and welcome on my behalf. So this is not yet 100 days milestone for me. It's actually about 70 days now as the President and CEO. And so therefore, I move to Page 2 and talk about the results from our presentations.

Q2 was hit by COVID-related economic slowdown. Look at our net sales figure about EUR 271 million. Remember in Q1, we had about EUR 270 million -- EUR 280 million, obviously, the comparable numbers. In Q2, the expectation was higher because prior year, our -- the top line was about EUR 416 million. So the

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