Nokian Tyres plc: CEO’s 100-day update: Short-term focus is on cash flow and cost control – a more thorough strategic review will be undertaken once the market has stabilized
Nokian Tyres plc Press Release September 8, 2020 at 8:00 a.m. The COVID-19 pandemic has had a significant impact on global car and tire demand. Despite this, Nokian Tyres’ short-term priorities are clear: “We will continue to provide our customers and consumers with world-class products and services, while at the same time keeping costs under strict control. We will prioritize cash flow by cutting back investments and actively managing working capital,” says Jukka Moisio, President and CEO of Nokian Tyres. “In this volatile market environment, our focus in the second half of 2020 is