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Wed February 11 08:04 am 2009 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 11 February 2009 at 8:00 a.m.

NOKIAN TYRES PLC FINANCIAL STATEMENTS BULLETIN 2008



Sales and operating profit up; visibility for full year 2009 limited

Net sales of the Nokian Tyres Group were up by 5.5% in 2008, i.e. EUR 1,080.9 million (2007: EUR 1,025.0 million). Operating profit was EUR 247.0 million (EUR 234.0 million). EPS were EUR 1.12 (EUR 1.37), and profit for the period was EUR 139.9 million (EUR 168.9 million). The Board of Directors proposes a dividend of EUR 0.40 (EUR 0.50) per share. The financial crisis makes it difficult to draw up precise forecasts for demand for the full year 2009. The company expects the first-quarter net sales and operating profit to be clearly below the previous year.