National Into The Black

One year after a management buyout, National Tyres and Viking International (the ex-Continental-owned UK tyre retail chain and wholesaler), reported a 2002 profit of 750,000 Pounds. This compares with a joint loss of almost 44 million Pounds in 2001, before the buyout. The turnaround was due to reduced costs and increased turnover, with 2002 sales up 25 per cent, from 80 million to 100 million Pounds.