Nokian reports good Q1 figures

Helsinki, Finland – Nokian Tyres has reported better-than-expected results for the three months ended 31 March, 2007. Preliminary figures show that the first quarter net sales will be approximately €200 million, compared with €149.4 million for the first quarter of 2006. Operating profit is estimated to total €39 million, up from €13.4 million a year earlier. All profit centres improved their net sales and operating profits compared to the previous year, said the company.

Nokian said the main reasons for the better-than-expected results are the…

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