Central European market slows growth at Nokian

Nokia, Finland – Nokian has posted a 1.9% year-on-year rise in operating profit to €372.4 million on 2018 net sales up 1.5% at €1,595.6 million.

Fourth quarter net sales fell 3.4% year-on-year to €473.6 million, while operating profit dipped 4.4% to €117.2 million, added the group’s 5 Feb report.

“In 2018, we made good progress especially in Russia and North America,” commented Hille Korhonen, president and CEO.

Growth, she said, was driven by the passenger-car-tires market, despite a delayed…

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