Sales Up Too At Nokian

Nokian’s 3Q net sales were up 11.1 per cent at 117.9 million Euros, but higher fixed costs affected operating profit, which was 15.

2 million Euros (3Q 2001: 18.6 m). 51 per cent of Nokian’s income comes from car tyres and 63 per cent is generated in Scandinavia and Finland.

Sales of heavy tyres and bicycle tyres both rose, but sales of retreading materials fell. Vianor, Nokian’s retail chain, showed an increase in sales of 14.4 per cent, but operating profit was similar to 3Q last year.