Nokian profit up 82% in 2011
Despite the biting chill of the Finnish winter, the team at Nokian Tyres has surely been warmed by the company’s performance results for the 2011 financial year, which were released on 8 February. During the twelve month period group net sales rose 37.7 per cent to 1.46 billion euros and operating profit increased 71.1 per cent to 380.1 million euros. Better still, the all-important bottom line shot up 82.0 per cent, with profit for the year to 31 December 2011 amounting to 308.9 million euros.