PC tyres turnaround lifts Nokian shares to five-month high

** Shares in Nokian Tyres TYRES rise nearly 13% as the Finnish tyre maker's Q2 earnings beat estimates, driven by Passenger Car (PC) segment

** Nokian posted a comparable operating profit of EUR 26.3 million ($30.61 million) against the EUR 23 million estimates

** The beat is primarily driven by a strong sequential improvement in PC tyres — reported margins in the segment went from -14% in Q1 to +2% in Q2, J.P.Morgan notes

** The brokerage adds the improvement was driven by price increases implemented in the first quarter, and lower manufacturing and supply chain costs

** Nokian share, on track for its best day in nearly five years, is at its highest since February 2025

($1 = 0.8593 euros)