Nokian Tyres plc: Financial targets for 2019–2021
Nokian Tyres plc Stock Exchange Release November 12, 2018 at 4:00 p.m. Nokian Tyres’ Board of Directors has decided on new financial targets for 2019–2021. In line with the strategy update earlier in 2018, Nokian Tyres has entered the next phase of growth and is looking for faster growth especially in North America and Central Europe. Nokian Tyres’ new financial targets are: - Growing faster than the market: CAGR above 5% with comparable currencies- Healthy profitability: EBIT at the level of 22%- Good returns for our shareholders: Dividend above 50% of net earnings The