Goodyear tracking higher margins in Europe

Akron, Ohio – Goodyear is on track to restore margins in Europe, Middle East & Africa, CEO Rich Kramer said on the back of some encouraging fourth-quarter results in the region.

Net sales in EMEA rose 11.7% year-on-year to $1,264 million (€1012 million), while operating income came in 14.8% higher at $93 million. The fourth quarter gains edged Goodyear’s margins up to 7.4, from 7.2% a year ago.

Among the highlights, said Goodyear, was a 2% rise in consumer replacement volumes and above-market growth in sales of…

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