Menu
Thu April 8 08:00 am 2010 in category Stock exchange releases
Stock Exchange Release 8 April 2010 at 8.00 a.m.

Nokian Tyres updates its estimate on raw material cost 2010



Later today, in the CEO’s presentation for the Annual General Meeting, Nokian Tyres estimates that its raw material cost (EUR/kg) in 2010 will increase by 10-12% compared to 2009 (previous estimate was 6%) due to significantly increasing raw material prices. This will affect Nokian Tyres’ results in the second half of the year.

The company is despite a challenging pricing environment increasing prices in June and improving mix in order to compensate for the cost increase.

The outlook and guidance remain unchanged:
In 2010, the company is positioned to improve net sales and operating result compared to 2009.

The complete CEO’s presentation for the AGM is published today at 8.15 a.m. on the company website at www.nokiantyres.com.

Nokian Tyres plc

Anssi Mäki
Communications Manager

Further information: Mr. Kim Gran, President and CEO,
Tel: +358 10 401 7336