Nokian Tyres PLC (OTCPK:NKRKY)
$ 3.794 -0.0445 (-1.16%) Market Cap: 1.05 Bil Enterprise Value: 1.89 Bil PE Ratio: 0 PB Ratio: 0.81 GF Score: 82/100
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Q3 2024 Nokian Tyres plc Earnings Call Transcript

Oct 29, 2024 / 12:00PM GMT
Release Date Price: $4.43 (-3.17%)
PÃ;ivi Antola
Nokian Tyres plc - SVP, Communications, Investor Relations

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Good afternoon from [Helsinki] and welcome to Nokia & Tyres third quarter results conference call. My name is Paivi Antola. And together with me, I have in the call, the President and CEO, Jukka Moisio and Niko Haavisto, the CFO. And as usual, we have some prepared notes and then after that, we'll have a Q&A. So Jukka, please go ahead.

Jukka Moisio
Nokian Tyres plc - President, Chief Executive Officer, Member of the Management Board

Thank you, Paivi. And welcome on my behalf and indeed, we have some prepared notes, and we have a presentation at the Page 1 heading, this mortgage against driving sales growth in a weak market and Romanian factory progressing on schedule and I move to Page 2.

You just then Q3 net sales and segment operating profit increased. That's the heading. So our net sales were EUR314 million which is about 14% higher in comparable currencies. We had market share gains which were driven by the improved passenger car tire availability.

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