Nokian Renkaat Oyj

Earnings Release • Jun 17, 2022

Disclosure 410069

Nokian Renkaat - Inside information

Nokian Tyres plc raises its net sales guidance for 2022

Nokian Tyres plc, Inside information, June 17, 2022 at 10:00 a.m. The war in Ukraine and the subsequent sanctions continue to cause significant uncertainty to Nokian Tyres' operating environment especially related to Russia. However, tire demand has remained good and Nokian Tyres has succeeded in implementing price increases to mitigate cost inflation. Therefore, the company raises its net sales guidance for 2022. In the second half of the year, Nokian Tyres' tire supply will be severely limited by the sanctions, having a negative impact on segments operating profit. Significant uncertainties remain in the outlook for 2022. Updated guidance for 2022: The war in Ukraine and resulting sanctions cause significant uncertainty to Nokian Tyres' operating environment. In 2022, Nokian Tyres' net sales is expected to decrease or to be at previous year's level, and segments operating profit is expected to decrease significantly compared to 2021. Earlier guidance given on April 27, 2022: The war in Ukraine and resulting sanctions cause significant uncertainty to Nokian Tyres' operating environment. Nokian Tyres' net sales and segments operating profit in 2022 are expected to decrease significantly compared to 2021. Nokian Tyres plc Päivi Antola SVP, Corporate Communications and Investor Relations tel. +358 10 401 7327 Investor relations: ir@nokiantyres.com Media enquiries: media@nokiantyres.com Distribution: Nasdaq Helsinki, media and www.nokiantyres.com 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 2021, the company's net sales were EUR 1.7 billion and it employed some 4,900 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com (https://eur04.safelinks.protection.outlook.com/?url=http%3A% 2F%2Fwww.nokiantyres.com%2F&data=04%7C01%7CAnne.Aittoniemi%40nokiantyres.com%7C60 08b44e6299446045c908d9eaf59fe2%7C2293b824c7984957856edf1992afab2e%7C0%7C0%7C63779 9162931958329%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI 6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=D%2BzognNbQ6ve2pityGWCz9AT%2B46YZWYEdPNkzRcW TtE%3D&reserved=0)