Nokian sees growth in all regions despite higher costs

Nokia, Finland – Nokian Tyres plc has registered “steady growth” in the first three months of 2017, with net sales up 18.2% to €325.9 million compared to the first quarter of 2016.

In its quarterly results statement, the Finnish tire maker said sales grew in all its main markets, with a strong performance from Russia. Currency exchange also had a positive impact of €21.3 million on sales.

Operating profit increased by 16.6% year-on-year to €58.9 million in the three months to end of March.

Raw material costs in…

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