Inside Information: Nokian Tyres is included in European Commission’s unannounced inspection

Nokian Tyres plc Inside Information January 30, 2024 at 4.45 p.m. EET

The European Commission has today initiated an unannounced inspection at Nokian Tyres plc’s (“Nokian Tyres”) headquarters in Nokia, Finland. The European Commission has expressed its concerns that the inspected tyre manufacturing companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices. The press release by the Commission can be found here: Unannounced antitrust inspections in the tyres sector (europa.eu).

Nokian Tyres does not have information on the outcome of the inspection, and it cannot comment on the ongoing investigation. Nokian Tyres is fully co-operating with the authorities.

Further information:

Taina Tirkkonen
Group General Counsel
Tel. +358 10 401 7397

Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Our purpose is to empower the world to drive smarter. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2022, our segments net sales totaled EUR 1,350 million. At the end of 2022 we employed some 3,300 professionals. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com.