Nokian sales, profit drops as European car market struggles




ERJ staff report (LMH)

Nokia, Finland – Nokian Tyres Group’s first quarter net sales fell by 13.3 percent year-on-year to €333.1 million. Operating profit for the quarter was €76.3 million, down 27.3% from Q1 2012.

The Finnish company said a tough environment in Europe, with car sales…

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