CEO's review
Nokian Tyres' President and CEO Paolo Pompei on October 28, 2025:
“In July–September, we delivered another strong quarter significantly improving our operating profit despite the prevailing market uncertainties and weak market development. Net sales in comparable currencies increased by 10.8%, with all regions contributing to the growth. North America significantly outperformed the market. Segments operating profit improved, driven by enhanced pricing in the Passenger Car Tyres segment, which continued to perform well.
As highlighted in our previous reports, we have accelerated efforts to strengthen our financial performance. It is encouraging to see these actions are already delivering tangible results, confirming that we are progressing in the right direction. Ongoing operational initiatives have improved efficiency and productivity across the organization. Additionally, improved working capital management and reduced capital expenditures contributed to better cash flow.
Actions continue on many fronts to further improve our financial performance and operational efficiency, strengthening Nokian Tyres long-term competitiveness. Updated financial targets will be announced in connection with the financial statements release in February 2026.
In July–September, we delivered another strong quarter.
The ramp-up of operations in our Romania factory is progressing as planned. The facility is now operating 24/7, producing approximately one million tires this year. Production has begun on the newly launched UHP summer tire, the Nokian Tyres Powerproof 2, specifically designed for the Central and southern European markets.
Our innovation work will be recognized at the upcoming Agritechnica trade fair, where we will receive the Agritechnica Innovation Silver Medal for our next-generation Intuitu™ 2.0 Smart Pressure Assistant technology, developed for use in tractor tires. The award, one of the most respected in the agricultural machinery industry, underscores our technological excellence and reinforces our reputation for high-performance solutions.
To further demonstrate our strong consumer focus, we are partnering with the IIHF Ice Hockey World Championships as an official sponsor for the 2026 and 2027 tournaments. The partnership provides a valuable platform to strengthen the Nokian Tyres brand and engage with audiences across our key markets.
Looking ahead to 2025, our goal is to grow net sales and improve segments operating profit as a percentage of net sales compared to the previous year. With ongoing initiatives and a disciplined focus on execution, our team is well-positioned to deliver profitable growth.”