Russia gives Nokian a “positive surprise” in Q3

Nokia, Finland – Nokian’s results have shown a promising turn, with third-quarter sales and profits up by 2% and 2.4% respectively.

Nokian ari lehtoranta-450x595pxIn an interim Q3 report, issued 1 Nov, the Finnish tire-maker said markets remained flat in general but that its biggest market Russia was “stabilising.”

In the three months to 30 Sept, net sales increased by 2.0% to €317.2 million while operating profit rose by 2.4% to €74.1 million compared to Q3 2015.

In the nine…

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