Nokian Tyres has delivered its first meaningful rebound since last year’s earnings miss, posting a 31 per cent jump in second-quarter operating profit and renewed growth across all regions. The turnaround follows price corrections, tighter cost control and the initial benefits of its new Romanian plant.
■ Net sales: €343.7 m, up 6.9 % year-on-year on comparable currencies.
■ Segments operating profit: €26.3 m (7.7 % margin) versus €20.1 m (6.2 %) a year ago.
■ EBITDA: €57.2 m, an 22 % improvement from €46.8 m.
■ Share price reaction: +11.8 % to €7.28 on 18 July.
Sales in the Americas climbed 13 %, outpacing Other Europe (+7 %) and the Nordics (+4 %), as dealers replenished stocks ahead of the winter season and absorbed new tariffs through price adjustments.
Passenger Car Tyres led the charge with €206.2 m revenue (+11 %) and a profit more than doubling to €15.9 m, thanks to higher volumes and lower manufacturing costs. Heavy Tyres revenue inched up to €60.8 m, but margin slipped on an unfavourable mix, while Vianor retail held steady.
Capital spending fell to €37.7 m, down from €89.2 m, signalling an end to the €800 m 2023-25 investment phase. The new Romanian factory is ramping steadily and is expected to secure about €100 m in state aid from next year, easing cash requirements.
A 25 % US import tariff on passenger and light-truck tyres has been in force since 3 May 2025. Nokian is reallocating production, adjusting inventory and passing on extra costs where possible, but the full impact will unfold over coming quarters.
From 1 September 2025, Christopher Ostrander becomes SVP Passenger Car Tyres, North America; Lauri Halme takes charge of Vianor; and Tron Gulbrandsen will head Passenger Car Tyres in the Nordics—moves aimed at deepening local market expertise.
Tagged with: Nokian Tyres, Q2 2025 earnings, tyre tariffs, Romanian tyre plant, passenger car tyres, Americas tyre market, sustainable tyre manufacturing
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