Financial Statements Bulletin 2007: Demand remained strong in Heavy Tyres

Thu February 21 9:02 AM 2008 in category Company news

Sales and order income grew in all product groups.

The January-December net sales of Nokian Heavy Tyres totalled EUR 100.8 million (EUR 90.1 million), showing an increase of 11.9% on the corresponding period of the previous year. Operating profit rose to EUR 22.3 million (EUR 19.9 million), and the operating profit percentage was 22.1% (22.1%).

Demand remained strong in Heavy Tyres. Sales and order income grew in all product groups and in all core markets for both original equipment and replacement markets. Higher production volumes of machine and equipment manufacturers boosted sales growth. Original equipment installation represented 45.3% (42.0%) of the unit’s net sales.

Investments contributed to the planned raise in the production volumes. Despite the volume increase, delivery capacity was not sufficient to meet the high demand in the market.