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Nokian – Still Some Stretch in Profits

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NOKIA, Finland (February 17th) – The Nokian group’s net sales and operating profit increased in Q4, and the entire period in review. All profit centres improved their results. Net sales grew by 10.3%, to EUR 528.7 million (2002: EUR 479.2 million). Operating profit was EUR 79.1 million (EUR 60.1 million). The net sales from Nokian […]

NOKIA, Finland (February 17th) – The Nokian group’s net sales and operating profit increased in Q4, and the entire period in review. All profit centres improved their results. Net sales grew by 10.3%, to EUR 528.7 million (2002: EUR 479.2 million). Operating profit was EUR 79.1 million (EUR 60.1 million). The net sales from Nokian bicycle tyres were EUR 5.1 million (EUR 5.5 million), down by 7.9% on the previous year. The demand for bicycle tyres remained on a low level. Manufacturing volumes at the Lieksa factory totalled 784,000 (830,000) bicycle tyres.(MH)

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