• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Career Tracks3 / Bridgestone OP beats analysts expectations

Bridgestone OP beats analysts expectations

Date: 13th August 2012 Author: Tyrepress Editors Comments: 0

With Bridgestone having announced that first half operating profits grew 43 per cent year-on-year to 133.8 billion yen, the tyre manufacturer has upped its full-year operating profit guidance. Bridgestone had predicted that it would achieve 118 billion yen by this measure, with Deutsche Bank estimating nearer 136 billion yen. As a result the financial analysts now report that the company has lifted its full-year operating profit projections and is now looking at 50 per cent year-on-year growth to 287 billion yen (previous predictions were 269 billion yen, with Deutsche Bank expecting 316 billion yen).

 

The reasons behind the upgrade as said to be: expected improvement in replacement tyre demand in the second half, according to the bank. Passenger car tyre demand is prediced to increase 4 per cent year-on-year in North America (-2 per cent in the first half of 2012), -7 per cent in Europe (-13 per cent in the first half), and -1 per cent in Japan (-5 per cent in the first six months). 

However, truck tyre demand is expected to be down 5 per cent year-on-year in North America, but up 15 per cent in Europe as well as up 12 per cent in Japan. 

Bridgestone also plans to increase second half production by 3 per cent year-on-year to 970,000 tonnes. However production is expected to remain lower than shipment volume in a move likely to be designed to ensure inventories are worked down.

Another boon for Bridgestone was raw material costs which became a profit-boosting factor from between April and June, boosting first half profit by 17 billion yen year-on-year, according to Deutsche Bank. 

Related news:

  • Bridgestone: Risk of guidance overshoot, says analyst

 

Related news:

  1. Yokohama Rubber Sales and Earnings Down
  2. Pirelli Reports Reports Strong 1H, Ups Targets
  3. Bridgestone stock falls following analyst downgrade
  4. Conti predicts 1 billion euro free cash flow, EU-bottom out soon
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

analysts, Bridgestone, Career Tracks, Europe, financials, Japan, North America

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Brazil studying proposals for new tyre regulation Kumho issues Solus recall notice in the US
Scroll to top