Nokian lifted by winter tires, Russia

Nokia, Finland – Nokian has registered a “strong performance” in the final quarter of 2016, ended 31 Dec, with year-on-year growth of 9.1% in sales to €460 million and operating profit up 14.4% to €108.5 million.

Mostly thanks to its passenger car tire business unit, which covered 65% of the total group sales, Nokian’s full year results showed a 2.3% growth in sales to €1.39 billion and nearly 5% rise in operating profit to €310 million.

Presenting company figures Offering the company presentation, interim CEO and head…

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