Nokian reports higher sales, profits despite currency impact

Nokia, Finland – Nokian Tyres plc has increased year-on-year sales by 3.7% to €1.12 billion for the first nine months of the year, despite a decline in the third-quarter revenue.

Operating profit rose 5.1% to €255.2 million for the nine-month period, compared to €242.8 million the year before, the company said in a recent results announcement.

Year-on-year, third quarter sales fell 1.7% to €356.9 million, while operating profit came in 4.3% lower at €85.9 million, added the 31 Oct statement.

Currency exchange rates affected net sales negatively by…

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