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Nokian Tyres ' operating profit fell by one-fifth

nokian Tyres ' operating profit fell by 67.5 million in July-September. Last year the corresponding period it was 85.9 million. Net sales remained unchanged at approximately 357 million eur.

operating profit improved heavy tyres and vianor's business units as well as deterioration of passenger car tyres. Heavy tyres the result was over eight million, and passenger car tyres more than 68 million.

vianor's activities remained despite the rise in almost four million loss.

Already in the previous quarter passenger car tyres net sales decline in European sales because of reduced. The same trend will continue according to the managing also in July-September.

– This, together with higher material and enlargement costs negatively impacted profitability, says ceo Hille Korhonen release.

Also in Russia, the market situation has weakened.

the Company last week gave a profit warning, which it says will continue its production capacity to adapt and assess the weak market situation continued.

investments in the continuing weak market despite

Last week, the company also reported that it had received co-operation negotiations completed. Negotiations regarding the passenger car tyre production and maintenance as well as production-related development work. Them as a result of work over 41 people from the Nokia site.

the market situation, the company will continue the new test centre building works in Spain and the heavy tyres production capacity increase.

at the beginning of October the company opened a new factory in Tennessee in Dayton, where commercial production began in January.

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