Goodyear's Sava unit reports record results

ERJ staff report (DS)

Kranj, Slovenia - Goodyear Dunlop Sava Tires said it recorded record sales in the full year to the end of 2011. The company said the number of tyres sold into domestic markets increased by 4 percent while net sales increased 19 percent.

The company anticipates further growth toward the end of the year when new tyre labelling legislation comes into force across Europe.

In their local markets (Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Macedonia, Albania and Kosovo), Goodyear Dunlop Sava Tires net sales Net sales in local markets totaled euro 132 million (up from euro 111 million in 2010). Net profit was EUR 6.83 million.

"The year 2011 was exceptionally good. Revitalisation of the economy in many of our markets with a competitive range of products has enabled usto maintain a strong market position and presence in both passenger and truck tyre segments," said Goodyear Dunlop managing director for Central and Eastern Europe Thierry Villard.

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Press release from Goodyear (Slovene language)

Above release auto-translated (from Slovene language)