Tue October 16 02:02 pm 2012 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 16 October 2012, 2:00 p.m.
Due to Central European lower prices and clearly weakened demand, Nokian Tyres’ Operating profit in the third quarter and in the second half will be weaker than in 2011. In Nordic countries the full year sales are expected to be on previous year’s level and in Russia sales will improve clearly compared to 2011. Nokian Tyres’ third quarter Net sales are estimated to be EUR 365 million and Operating profit EUR 85 million.
The guidance for 2012 remains unchanged:
In 2012, the company is positioned to improve Net sales and Operating profit compared to 2011.
Nokian Tyres will publish its interim report of January-September on 30 October, 2012 at 8.00 a.m.
Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Further information:
Mr. Kim Gran, President and CEO, tel: +358 10 401 7336 and
Mrs. Anne Leskelä, CFO, +358 10 401 7481
Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com
Nokian Tyres: Operating profit in the second half of the year will be weaker than in the corresponding period a year earlier. In full year 2012 Net sales and Operating profit will improve compared to 2011.
Due to Central European lower prices and clearly weakened demand, Nokian Tyres’ Operating profit in the third quarter and in the second half will be weaker than in 2011. In Nordic countries the full year sales are expected to be on previous year’s level and in Russia sales will improve clearly compared to 2011. Nokian Tyres’ third quarter Net sales are estimated to be EUR 365 million and Operating profit EUR 85 million.
The guidance for 2012 remains unchanged:
In 2012, the company is positioned to improve Net sales and Operating profit compared to 2011.
Nokian Tyres will publish its interim report of January-September on 30 October, 2012 at 8.00 a.m.
Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Further information:
Mr. Kim Gran, President and CEO, tel: +358 10 401 7336 and
Mrs. Anne Leskelä, CFO, +358 10 401 7481
Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com