2000 Figures From Nokian
Nokian Tyres has released its financial results for last year. Some of the highlights are as follows (1999 figures in brackets). Net sales: 398.
5 m Euro (322.6 m E); an increase of 23.5 per cent.
Not counting acquisitions made during 2000, the 2000 sales figure was 359.8 m Euro, or 11.5 per cent higher.
Raw material prices rose 9.1 per cent last year. The lack of own compound mixing capability increased raw material costs, as they were purchased from outside suppliers.
Fixed costs rose 36 per cent to 141.1 m Euro (103.7 m).
79 per cent of these costs were attributable to the tyre retail chain. Operating profit was 39.4 m Euro (42.
1 m). Profit from manufacturing was 43.0 m Euro (38.
5 m) while the tyre retail chain made a loss of 1.7 m Euro (4.5 m).
Net profit was 19.8 m Euro (25.7 m).
Allowing for acquisitions, the 2000 figure was 25.6 m Euro. R&D costs were 8.
3 m Euro, or 2.1 per cent of net sales (7.8 m).
Below are brief summaries of the performance of the various product groups Passenger car tyres Sales up 13.5 per cent to 186.2 m Euro (164.
0 m). Winter tyre sales accounted for 69 per cent of passenger car tyre sales. 75 per cent of sales were outside Finland.
Production of passenger car tyre sales rose from 4.1 million units in 1999 to 4.3 million last year.
Heavy tyres: Demand remained high and sales increased by 4.2 per cent to 57.3 m Euro (54.
9 m). Exports amounted to 67 per cent (66 per cent) and OE installations to 39 per cent (36 per cent) of sales. Bicycle tyres: Sales fell 8.
4 per cent to 6.5 m Euro (7.1 m).
The Lieksa factory manufactured 1.2 million bicycle tyre and 1.1 million bicycle inner tubes during 2000.
At the end of the year, the inner tube production line was sold to Nokian’s off-take partner, Rubena AS in the Czech Republic. Retreading materials: Sales were 2.5 per cent less than for 1999 at 10.
8 m Euro (11.1 m), with 42 per cent exported (45 per cent). Tyre retail chain: Net sales rose 75.
4 per cent to 176.5 m Euro (100.6 m).
Allowing for acquisitions, 2000 net sales were 117.4 m Euro. During 2000, Nokian integrated its tyre chain in the Nordic countries under the name Vianor.
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