Study Shows Nokian Most Productive European Auto Company

According to an article published in the German periodical Manager Magazin, of the 500 largest stock exchange listed companies in Europe, Nokian Tyres is the most productive company in the automotive sector. In its study, the magazine measured the economic success and productivity of Europe’s 500 largest listed companies, with the aim of showing which companies produce wealth for investors and which consume it.

Nokian came out on top in the automotive sector, ahead of Porsche at number two. The company’s nearest ranked direct competitor was Continental, in third place. The automotive sector was but one of 20 categories included in the report, and Nokian Tyres was placed 63rd across the board.

The Manager Magazin report utilised the expertise of Reinhard Schildt from the University of Halle and company experts from Deloitte Consulting, who analysed more than 20,000 items of data from the companies’ annual reports and databases. Company yields, results and stock exchange value were measured by studying such factors as revenue growth, the relationship between share price and book value, equity yield and average stock exchange yield. Research material mainly consisted of key statistics from 2006, which were complemented with average productivity values from 2004 to 2007.