Nokian Renkaat Oyj

Nokian Renkaat Oyj

Nokian Renkaat Oyj

Overview
Date Founded

1988

Headquarters

Pirkkalaistie 7,Nokia, Pirkanmaa 37101

Type of Company

Public

Employees (Worldwide)

4,635

Industries

Auto Parts & Tires

Company Description

Nokian Renkaat Oyj engages in the manufacture of tyres. It operates through the following segments: Passenger Car Tyres, Heavy Tyres, Vianor, and Other Operations. The Passenger Car Tyres segment covers the development and production of summer and winter tyres for cars and vans. The Heavy Tyres segment comprises tyres for forestry machinery, and special tyres for agricultural machinery, tractors, and industrial machinery. The Vianor segment refers to the tyre chain which sells car, van, and truck tyres. The Other Operations segment includes retreading and truck tyre business. The company was founded in 1988 and is headquartered in Nokia, Finland.

Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Managing Director-Vianor Business Unit

Executive Vice President, Nokian Tyres Plc & General Manager, Russia & Asia Business Area

Head-Supply Chain & Sustainability

Head, Research & Development

Head-Information Technology & Processes

Head-People & Culture

Head-Investor Relations & Corporate Communications

Head-Process Development

Board of Directors

Managing Director at Ensto Oy

Future President & Chief Executive Officer at Metso Oyj (Effective 11/2018)

Former Chief Financial Officer & Senior Executive Vice President at Wärtsilä Oyj Abp

Co-Founder at Koppicatch Oy

Former President & Chief Executive Officer at Patria Oyj

President & Chief Executive Officer at Nokian Heavy Tyres Ltd.

Vice President, Commercial Product Business Unit, Europe, Middle East & Africa at The Goodyear Tire & Rubber Company

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Owners & Shareholders
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VMPI is an active, growth and income-oriented investment manager, for which value is a secondary investment style. They manage diversified portfolios invested primarily in equity and fixed-income including bonds and loans, and, to a lesser extent, in real estate, hedge funds, private equity and derivatives. They mainly invest in Finland and Europe but also hold significant amounts of securities from the US, Japan and the emerging markets. The firm follows a bottom-up approach to select securities which they hold with a long-term outlook. Their portfolios include holdings in Finnish companies where they have acquired larger stakes so as to become major shareholders. They manage most of their portfolios in-house, but rely on third-party specialists for the management of non-European equity, private equity and hedge fund investments as well as real estate and infrastructure fund investments abroad.

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Ilmarinen is an active, profit-oriented investor which manages diversified portfolios comprised primarily in fixed-income, equity and real estate. They invest across sectors and geographic borders with a focus on Finnish securities. They rely on third-party managers for investments in emerging markets, private equity funds and hedge funds.The firm typically establishes annual investment plans, deciding on asset allocation and investment goals. Investment managers aim to outperform the strategic allocation by making tactical deviations when market conditions vary.Ilmarinen generally aims to select companies with good growth potential in which they take long-term positions. They support investment decisions with information obtained through their active ownership policy, which encourages fund managers to participate in shareholders' meetings, make full use of voting rights and keep in contact with the management of investees.

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GIML is an active manager which aims to deliver strong, long-term results by employing in-house and external investment managers which seek to achieve and outperform their investment objectives by focusing on returns and managing risk. Their investment perspective is global.The firm's core philosophy is 'intellectually honest investment management', which they define as allowing investment professionals to make active, conviction-based decisions; undertaking rigorous, bottom-up due diligence; applying continuous risk management; exercising discipline, consistency and patience to produce long-term results; tailoring investment capabilities to deliver client-orientated solutions and cultivating independent, forward-thinking investment approaches.GIML believes that volatility plays to the strengths of active managers, and they allow managers to invest according to their own investment philosophies and processes, without having to conform to a house style. They typically pursue pure, best ideas portfolios in order to generate positive, benchmark-agnostic returns.The firm seeks to view the market from a global perspective, aiming to identify long-term trends and capture short-term opportunities.

Recent Transactions
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Nokian Renkaat Oyj, Nokian Tyres, Inc. purchase Import Tire, Inc.

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Dilk Tire Factory purchases Nokian Tyres, Inc. /Meadow Creek Ops from Nokian Renkaat Oyj

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Nokian Renkaat Oyj purchases Goss Tire Co.

Transaction Advisors
Accountant

Advised onNokian Renkaat Oyj purchases Isko

Clients

Petrol dd Ljubljana engages in the development and trade of oil and gas products. It operates through the Oil and Merchandise Sales; and Energy Operations segments. The Oil and Merchandise Sales segment produces and trades bottled gas, heating oil, and petroleum products. The Energy Operations segment generates, transmits, and distributes electricity and provides energy solutions. The company was founded on June 5, 1945 and is headquartered in Ljubljana, Slovenia.

Key Stats and Financials As of 2017
Market Capitalization
$4.7B
Total Enterprise Value
$4.98B
Earnings Per Share
$1.62
Revenue
$1.57B
Net Profit
$221M
EBITDA
$463M
EBITDAMargin
29.46%
Total Debt
$135M
Total Equity
$1.47B
Enterprise Value Sales
3.17x
Enterprise Value EBITDAOperating
10.75x
TEVNet Income
22.5x
Debt TEV
0.03x
Three Year Compounded Annual Growth Rate Of Revenue
4.22%
Five Year Compounded Annual Growth Rate Of Revenue
-0.5%
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Synthos SA engages in the manufacturing of chemical raw materials, rubber, and polystyrene for foaming applications. It operates through the following segments: Synthetic Rubber; Styrene Plastics; Dispersions, Adhesives, and Latex; and AGRO. The Synthetic Rubber segment manufactures synthetic rubber by means of emulsion polymerization of butadiene and styrene. The Styrene Plastics segment offers polystyrene and expandable polystyrene. The Dispersions, Adhesives, and Latex segment produces acrylic dispersions; styrene and acrylic dispersions; vinyl dispersions; wood and paper adhesives; as well as concentrated styrene butadiene and styrene butadiene carboxylic latex. The AGRO segment involves producing and selling plant protection products and biocidal products. The company was founded on September 1, 1945 and is headquartered in Oswiecim, Poland.

ZetaDisplay AB Electrical Products | Malmö, SN

ZetaDisplay AB engages in the provision of digital signage. It offers media platform solutions for digital signage which include software, licenses, services, and digital systems. The company was founded by Martin Runo Gullberg, Mats Hakan Johansson, and Per-Olof Mikael Oberg in 2000 and is headquartered in Malmo, Sweden.

HiQ International AB IT Consulting & Services | Stockholm, AB

HiQ International AB engages in the provision of communications, software development, and business-critical information technology services. It operates through the following market segments: Telecom; Automotive; Industry; Public Sector; Finance and Insurance; Media, Gaming and Entertainment, Defense and Security; and Retail. Its Telecom segments works with suppliers, operators, users, and the legislative authorities. Automotive Segments delivers both technical expertise and acts as partner within concept and innovation. In Industry segments helps many companies to streamline operations. The Public Sector has framework agreements with the central purchasing authorities. Its Finance and Insurance offers in mobile payments and banking services. Media, Gaming, and Entertainment involves in the development of sports betting solutions. In Defense and Security, the firm helps the Swedish Defense Materiel Administration to simplify tracking of equipment using radio-frequency identification technology. Retail segments supplies retail chains with services ranging from idea and design to quality assurance. The company was founded in 1995 and is headquartered in Stockholm, Sweden.

Competitors
BMW AG Automobiles - Munich, BV

Bayerische Motoren Werke AG engages in the manufacture and sale of automobiles and motorcycles. It operates through the following business segments: Automotive, Motorcycles, Financial Services, and Other Entities. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles, under the following brands: BMW, MINI, and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment focuses on the premium segment. The Financial Services segment offers credit financing, leasing and other services to retail customers. The company was founded on March 6, 1916 and is headquartered in Munich, Germany.

Continental AG Auto Parts & Tires - Hannover, NI

Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other or Consolidation. The Chassis and Safety segment develops, produces, and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrains segment integrates system solutions for the powertrains. The Interior segment provides information management for vehicles; and develops and produces communication, and network solutions. The Tires segment offers reduction of fuel consumption by minimizing rolling resistance. The ContiTech segment covers the development, manufacture, and market of products for the machine and plant engineering, mining, and automotive industry. The Other or Consolidation segment represents the centrally managed subsidiaries and affiliates including holding, financing, and insurance companies. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.

Compagnie Générale des Établissements Michelin SCA Auto Parts & Tires - Clermont-Ferrand, AU

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses. Compagnie Générale des Établissements Michelin was founded by Aristide Barbier and Édouard Daubrée on July 15, 1863 and is headquartered in Clermont-Ferrand, France.