Q2 2025 Nokian Renkaat Oyj Earnings Call Transcript
Key Points
- Nokian Tyres PLC (NKRKY) reported a strong sales growth of approximately 6.9% in Q2 2025.
- Operating profit improved significantly by almost 31%, driven by the Passenger Car Tyres segment.
- The company achieved a segment EBITDA increase of 22%, reaching EUR 57.2 million.
- Nokian Tyres PLC (NKRKY) was recognized as one of the World's Most Sustainable Companies by TIME Magazine.
- The ramp-up of operations in Romania is proceeding according to plan, supporting future growth.
- Tariffs are creating uncertainties in the short term, impacting market stability.
- Heavy Tyres segment experienced a decrease in profitability due to a weaker product mix.
- Cost inflation affected the Vianor business, leading to slightly lower segment operating profit.
- The market development in North America is uncertain due to tariff situations and consumer behavior.
- The Heavy Tyres business is expected to remain down in the second half of the year.
Good afternoon from Helsinki, and welcome to Nokian Tyres Q2 2025 webcast and conference call. My name is Annukka Angeria, and I'm working at Nokian Tyres Investor Relations. Together with me in this call, I have our CEO, Paolo Pompei; and Interim CFO, Jari Huuhtanen.
As usual, we will start the webcast by first reviewing the financial results and some other topicals from the quarter, and then we will have Q&A session.
So the floor is yours, Paolo.
All right. Thank you very much, Annuka, and good afternoon, everyone. Thank you for joining our call this afternoon. Obviously, it is summertime. It's a beautiful week here in Finland. So we appreciate even more for those who are located in Finland your participation to this call. And let's start today with the headlines, which is a strong operating profit improvement in the second quarter and, of course, action
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