Strong first-half supports Nokian expansion plans

Nokia, Finland – Nokian Tyres plc reported a 6.4% rise in first-half net sales to €765.2 million – equating to a 12.5% increase ‘with comparable currencies’ for the group, currently in expansion mode.

For the six months to 30 June, operating profit increased 9.6% year-on-year to €169.3 million, the Finnish tire maker’s half-year financial report shows.

Higher earnings, said Nokian, were driven by an improved performance of its Passenger Car Tyres and Vianor units. The Heavy Tyres business “performed well”, especially with sales of agricultural tires and…

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