LEVERAGE CERTIFICATE BEAR - NOKIAN TYRES Stock

Nokian Renkaat Oyj is the leading Scandinavian tire manufacturer. Net sales (including intragroup) break down by activity as follows: - manufacture and sales of tires (70.4%): for passenger cars (73% of net sales) and for heavy-duty vehicles (27%); - distribution of tires (29,2%; Vianor): operating, at the end of 2023, through a network of 174 own service centers in Finland, Sweden and Norway; - other (0.4%). At the end of 2023, the group had 2 manufacturing sites located in Finland and the United States. Net sales are distributed geographically as follows: Nordic countries (57.2%), Europe (19.3%), Americas (22.9%) and other (0.6%).