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Fri November 4 08:07 am 2011 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 4 November 2011, 8 a.m.

Nokian Tyres plc Interim Report January-September 2011:
Strong third quarter results - high order book



Nokian Tyres group’s net sales increased by 41.3 % to EUR 974.3 million (EUR 689.4 million in 1-9/2010). Operating profit grew to EUR 261.0 million (EUR 130.4 million) and Earnings per share increased to EUR 1.66 (EUR 0.85).

Outlook:
Car tyre deliveries have increased clearly and demand remains strong for all 2011 on Nokian Tyres’ core markets, despite uncertainties in the global economy. Low inventories in distribution combined with improved car sales and a clear growth in winter tyre sales in Europe and Russia/CIS offer further growth potential. Heavy tyre demand is healthy for 2011 but the growth in order intake is levelling off.

Financial guidance (updated):
In 2011, the company is positioned to provide strong sales growth and to improve operating profit significantly compared to 2010.

Previous financial guidance (Q2/2011):
In 2011, the company is positioned to provide strong sales growth and to improve operating profit clearly compared to 2010.

Read the whole stock exchange releasehere.