Nokian Tyres Plc (NKRKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon from Helsinki and welcome to Nokian Tire's Q3 2025 Results webcast. My name is Anu Kangeria and I'm working at Nokian Tire's Investor Relations. Together with me in this call, I have Nokian Tire's President and CEO Paolo Forte and Interim CEO Jari Huuhtanen. As usual, Paolo and Jari will start by presenting the results, and after that there will be time for questions. With these words, I will hand over to you, Paolo. Please go ahead. Thank you, Anouk, and good afternoon also from my side. Let's start this presentation with our headline, which is a stronger operating profit improvement in quarter three. Dear UN, by announced pricing in passenger car tire, actions ongoing to further strengthen our financial performance. We are closing an important quarter and I have to say that I'm very pleased to tell that we are really moving in the right direction. As we said in the headline, our operating profit increased significantly and obviously this is very encouraging for the future journey that we have ahead of us. But what we are going to do this afternoon, we are going to talk about our quarterly highlights, the financial performance. Yari will comment on the business unit performance. And then, of course, we will close the presentation with assumptions and guidance. But let's go to the quarterly highlights. In slide number four, we had double-digit sales growth. We were able to grow in all the region. The sales growth was 10.8% in comparable currency. The operating profit improved significantly, plus 427%, and this was mainly driven by our effort in improving our pricing in the passenger car tires. We still have a lot to do, there are still a lot of actions going on in order to improve our financial performance. We are also very pleased about our ramp up of...