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Advance notice of Nokian Tyres' year 2001 result

Wed January 23 12:00 am 2002 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release January 23,2002 2.10 pm. 1/1

ADVANCE NOTICE OF NOKIAN TYRES' YEAR 2001 RESULT


Due to weaker than estimated sales in December, Nokian Tyres' net sales and profit increase for fourth quarter of the year were below market expectation. In 2001, net sales grew by 6% to EUR 423 million (EUR 398 million in 2000). Operating profit increased by 28 % to EUR 50 million (EUR 39 million). Earnings per share improved by approx. 25%. Also a clear improvement of equity ratio and cash flow, were achieved.

Figures are unaudited. Nokian Tyres will publish its Financial Statement Bulletin 15th of February, at 8.00 a.m.


Nokian Tyres plc


Raila Hietala-Hellman
Vice President, Public Information


Further information: Mr. Kim Gran, President and CEO,
tel. +358 3 340 7336.

Distribution: Hex and major media