Wed November 3 06:07 pm 2010 in category Company news

Interim Report for Nokian Tyres plc January-September 2010: Sales and order book continued to improve, operating profit doubled

The Group’s net sales increased by 25.2% to EUR 689.4 million (EUR 550.8 million in Jan-September 2009). Operating profit grew to EUR 130.4 million (EUR 61.2 million) and Earnings per share increased to EUR 0.85 (EUR 0.23).

Outlook and guidance (unchanged):

In 2010, the company is positioned to clearly improve net sales and operating result compared to 2009.

Nokian Tyres is the only tyre manufacturer in the world that focuses on customer needs in northern conditions. The company supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has over 670 outlets in 19 countries. In 2009, Nokian Tyres had 3,300 employees and net sales of approximately 800 million euros. Nokian Tyres’ share is listed on the NASDAQ OMX Helsinki. Further information: www.nokiantyres.com