Nokian Tyres reports sales down 37% - Global Rubber News - Rubber machinery, rubber mixing mill exporters, rubber extruder machines exporter, rubber mixing mill manufacturer, rubber extruder manufacturer, rubber mixing mill supplier, rubber extruder machines supplier, rubber mixing machines, rubber extruder machinery, rubber mixing machinery, rubber extruder machine, rubber plant and machinery, rubber mixing mills, suppliers of rubber machinery, rubber mixing mills from china.

Nokian Tyres reports sales down 37%

Post time：2009-05-11 10:08:23 Click：118

CMG INTERNATIONAL TRADING DALIAN CO. ,mainly in regard of foreign trade of rubber machinery,manages all kinds of rubber machinery&equipment such as rubber mixing mill,internal mixer(banbury),dispersion mixe(kneader) ,rubber calender,rubber extruder,plate vulcanizer machine,rotary curing machine,precure tread liner moulding press machine,rubber powder and reclaimed rubber equipment,rubber hoses production line,rubber strip production line,tire building machine,heating water deaerator,tire shaping& curing press,cord splitting machine,cycle tire equipment,raw material machinery,check & measuring equipment,etc.

We warmly welcome new and old customers home and abroad,friends from all walks of life to negotiate and cooperate with us.Let's co-create a better future!

Nokian Tyres said sales and operating results are down due to challenging markets and seasonality. The group’s net sales decreased by 36.8 percent to EUR 155.6 million (EUR 246.3 million in Jan-March 2008). Operating results fell to EUR -2.7 million (EUR 54.4 million), while earnings per share decreased to EUR -0.08 (EUR 0.36). The first quarter of 2009 is expected to be the weakest of the year for Nokian Tyres. The company expects sales to increase clearly during the later quarters due to seasonality. However, the net sales and operating result in the second quarter and full year 2009 will be significantly lower than in 2008. In 2009, the company said it will focus on improving cash flow by reducing stocks, receivables and cutting investments. Compared with the previous year, the group’s net sales decreased by 27.1 percent in the Nordic countries, by 57.3 percent in Russia and the CIS countries, and by 19.7 percent in Other Europe. In North America sales increased by 26.2 percent. Raw material costs in manufacturing increased by 17 percent in the first quarter compared to the corresponding period a year earlier.

CMG International Trading Dalian Co,Ltd

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