Nokia Tires’ Q4 results and 2025 guidance were disappointments, leading to significant cuts in forecasts. The company’s Q4 revenue grew by 13%, but operating profit was well below expectations and lower than the previous year, mainly due to weak results in the Passenger Car Tires segment. Weak demand and consumers’ preference for cheaper tires negatively impacted profitability. The company proposed a dividend of just €0.25, well below expectations. The guidance for 2025 is modest, with growth expected to be more challenging. Although Nokia Tires still has growth potential, uncertainty about its realization has increased, and the anticipated profit improvement may take longer to materialize than previously expected.
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