Mon April 23 10:44 am 2007 in category Stock exchange releases
Nokian Tyres plc
Stock Exchange Release April 23, 2007 at 10.30 a.m
OPERATING PROFIT HIGHER THAN EXPECTATIONS
Nokian Tyres' first quarter proceeded better than expected. Preliminary figures show that the first quarter net sales will be approximately 200 MEUR (149.4 MEUR in January-March 2006). Operating profit is estimated to total 39 MEUR (13.4 MEUR). All profit centres improved their net sales and operating profits compared to the previous year.
Main reasons for the better than expected results are the strong sales growth continuing in Russia as well as stronger than expected summer tyre sales. Winter tyre pre-sales exceeded previous year and the newly launched Nokian Hakka summer tyre family boosted summer tyre sales.
Sales growth was exceptionally high during the first quarter. The company expects growth to continue during the year, however not at the same pace as during Q1.
Nokian Tyres does not change its targets for 2007. The estimated full year net sales are 900 - 1,000 MEUR, which is dependent on the success of the winter tyre sales on its main markets.
Nokian Tyres' January-March 2007 Interim Report will be published on Wednesday, 9th of May 2007.
Nokian Tyres plc
Raila Hietala-Hellman
Vice President, Corporate Communications
Distribution: OMX and major media
Stock Exchange Release April 23, 2007 at 10.30 a.m
NOKIAN TYRES' FIRST QUARTER NET SALES AND
OPERATING PROFIT HIGHER THAN EXPECTATIONS
Nokian Tyres' first quarter proceeded better than expected. Preliminary figures show that the first quarter net sales will be approximately 200 MEUR (149.4 MEUR in January-March 2006). Operating profit is estimated to total 39 MEUR (13.4 MEUR). All profit centres improved their net sales and operating profits compared to the previous year.
Main reasons for the better than expected results are the strong sales growth continuing in Russia as well as stronger than expected summer tyre sales. Winter tyre pre-sales exceeded previous year and the newly launched Nokian Hakka summer tyre family boosted summer tyre sales.
Sales growth was exceptionally high during the first quarter. The company expects growth to continue during the year, however not at the same pace as during Q1.
Nokian Tyres does not change its targets for 2007. The estimated full year net sales are 900 - 1,000 MEUR, which is dependent on the success of the winter tyre sales on its main markets.
Nokian Tyres' January-March 2007 Interim Report will be published on Wednesday, 9th of May 2007.
Nokian Tyres plc
Raila Hietala-Hellman
Vice President, Corporate Communications
Distribution: OMX and major media