Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018

Wednesday 9th May 2018 | 0 Comments
 
Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018
Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018

Although held back by exchange rate effects, net sales at Nokian Tyres were higher in the first three months of 2018 than a year earlier. Sales were up 3.1 per cent to 336.0 million euros; had the exchange rate effect been neutral, the tyre maker estimates that net sales would have increased 9.3 per cent year-on-year. Nevertheless, Hille Korhonen, president and chief executive officer of Nokian Tyres, referred to the result as “a good start of the year.”

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Category: Company News