Nokian Delivers Anticipated 2010 Sales, Operating Profit Improvement

Nokian Tyres states that its sales and operating profit increased “more than expected” in the final quarter of 2010. The company has yet to release its quarter figures, however it estimates whole year sales in 2010 to be approximately 1.055 billion euros, compared with 798.5 million in 2009. Last year’s operating profit is estimated at 215 to 220 million euros, up from 102 million a year earlier. The Finnish tyre maker notes that sales and operating profit “grew clearly” in all its business units, fulfilling previously stated expectations.

In releasing these anticipated results, Nokian cautions that its estimated figures are unaudited. The company will publish its Financial Statement Bulletin on February 9.