Nokian reports results, brings Russian project forward

Nokia, Finland–Nokian Tyres has reported sales up by almost 14 percent and profits up by 40 percent for the twelve months to December 2004. Sales reached Euro602.2 million (2003: Euro528.7 million). Profit (EBIT) amounted to Euro97.9 million (2003: Euro69.6 million).

The company said sales were strong in all sectors, notably car tyres, where sales were up by over 20 percent, to EUR 363.6 million, with winter tyre sales hitting a record volume and sales up strongly in Russia, North America and Nordic countries. As…

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