Nokian Panimo

Nokian Panimo delivered a solid H2 in line with expectations, entering 2026 with a record product launch pipeline and added capacity enabling growth going ahead.

Nokian Panimo's H2 report was roughly in line with our estimates at the top line and EBITDA level, but beat expectations at the bottom. Market share gains continued across all beverage categories despite difficult market conditions, with other beverages...

Nokian Panimo reports H2’25 figures on Friday. Despite the November profitability guidance cut, we expect progress from H1 across key metrics driven by stronger demand indicators.