Nokian Tyres Plc (NKRKY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

remain as it was. We will be between 180 and 200 million euros, so everything is going according to plan, also from the CAPEX point of view. But what I would like to highlight once again is that we are ending a strong investment cycle that was necessary to rebuild the footprint of Nokian Tire in Europe, as well as to build and to extend the one in North America. So at the moment, we are estimating to be perfectly aligned with our guidelines in terms of CAPEX. And of course, the CAPEX level from after 2025 is expected to go back to a normal level, more or less in line with the depreciation. Moving to slide number nine, as I mentioned at the beginning, obviously we continue to focus on the improvement of the financial performance. I was very clear also during the closing of quarter one that this is going to be very important to focus on profitable growth. And this is where our guidance is coming from. Of course, we have three important focus areas that are extremely important for our future development and for our profitability development in the next future. Obviously, one is the commercial area. We are, as I told you already in quarter one, accelerating our effort to gain premium market share in the North American market. And of course, the key opportunity is in the in enlarging the sales network in the United States. In Central Europe, we have similar challenges, even though we are a little bit more mature in this market. We are expanding at the moment our existing network and we are also entering new markets and we are also implementing consistent price realization in line with the premium branding positioning. This is a long journey that we will carry on From now on, because obviously this is the position that we want to have in both the Central European and the N...