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Apollo Tyres reports revenue, profitability growth for FY 2020/21

Apollo

Apollo Tyres has recorded strong growth in the fourth quarter of its 2020/21 financial year (April 2020 to March 2021). Consolidated revenues from global operations grew 39 per cent to close at 50.26 billion rupees (£486 million – all conversions based on rates on 14 May) in quarter four. For the full year of FY21, it grew 6 per cent to close at 173.97 billion rupees (£1.68 billion). Apollo reports that operating profit (EBITDA excluding other income) was up 70 per cent in Q4, while for the full year, it was up 44 per cent.

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  2. Apollo Tyres lays foundation stone for 7th factory
  3. Subsidies no remedy for low rubber prices – Onkar Kanwar
  4. Apollo Tyres to further raise TBR tyre capacity in Chennai
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Nokian Tyres increases net profit 15.5% in 2015; sales and operating profit down

While Nokian Tyres was unable to maintain its turnover and operating profit in 2014, the company achieved a sizable increase in net profit. The Finnish company’s turnover declined 2.1 per cent to €1.36 billion. Operating profit declined 4.1 per cent to €296 million, however net profit rose 15.5 per cent to €240.7 million.

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  1. Nokian Tyres: Russia/CIS markets drag down Q3 profits
  2. Nokian Tyres publishes 2014 CSI report
  3. Europe, America or Asia – Nokian evaluating sites for a new tyre plant
  4. Difficulties in Russia drag down Nokian Tyres’ Q1 2015 net sales
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Agri OE business drags down Trelleborg’s organic tyre sales in 2015

Sweden’s Trelleborg AB reports that organic sales within its Trelleborg Wheel Systems business decreased by six per cent year-on-year in 2015, despite a four per cent rise in overall sales. Organic sales were pushed downwards by agriculture-related sales, which were impacted by markedly lower agricultural machinery production levels. The organic sales trend for tyres for materials handling vehicles was slightly negative for the full-year. Total net sales increased 3.6 per cent to SEK 4.3 billion (£349 million).

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  1. Trelleborg acquires Mitas parent company, CGS Holding
  2. Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding
  3. CGS acquisition lifts Trelleborg Wheel Systems’ Q3 2016 sales
  4. Trelleborg: £35 million in Mitas synergies
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JK Tyre calls for tariffs on Chinese tyres, release quarter results

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The latest quarter figures for JK Tyre & Industries were released along with a challenge for India’s government to impose tariffs upon tyres imported from China. Company chairman and managing director Dr Raghupati Singhania stated on 4 August that the “menace” posed by the “dumping of Chinese tyres” continues “unabated”. He added that “urgent steps are required to impose [an] anti-dumping duty to ensure a level playing field in the marketplace.”

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  1. JK Tyre appoints new president of India business
  2. JK Tyre to consolidate, boost R&D activities
  3. JK Tyre senior management takes 25% pay cut amid Covid-19 pandemic
  4. JK Tyre reduces pay for management in “unprecedented” times
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Is Continental’s 4Q EBIT preview a low-level profit warning?

Shortly after Continental AG pre-released its fourth quarter 2014 results at the North American International Auto Show in Detroit on Monday 12 January 2015, the company also previewed estimated fourth quarter pre-tax profits. The problem is that while the majority of the advance figures were broadly in line with expectations, the pre-tax profit (EBIT) figure wasn’t. So with this in mind it begs the question of whether Continental executives are preparing the market for a lower than expected result when the final figures are published on 5 March 2015.

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  1. Schaeffler “on course” to meet 2011 targets
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  3. Continental May Revive 1.5 Billion Euro Bond Sale Plans
  4. Continental triples share dividend estimates
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