Nokian Tyres' first quarter net sales and operating profit increased clearly

Nokian Tyres’ sales and operating profit increased clearly in the first quarter. January-March 2011 Net sales is estimated to be approximately EUR 278 million (Q1/2010: EUR 183.8 million) and Operating profit EUR 65-70 million (Q1/2010: EUR 21.1 million).

The market outlook in Nokian Tyres’ core markets has strengthened further.

In 2011, the company is positioned to provide strong sales growth and to improve operating profit clearly compared to 2010.

Previous guidance (9 Feb 2011):
In 2011, the company is positioned to provide strong sales growth and to improve operating profit compared to 2010.

Estimated figures are unaudited. Nokian Tyres will publish its 2011 first quarter result on 6 May 2011, 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

Distribution: NASDAQ OMX, media, www.nokiantyres.com