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Nokian Tyres to publish H1 financial report August 8

Nokian tyre
Posted: August 3, 2017 at 7:15 am   /   by   /   comments (0)

Nokian Tyres will publish its half year financial report for January-June 2017 on August 8, 2017 at 8am Finnish time. The material will be available on the company’s website at www.nokiantyres.com/company/investors/.

A results presentation for analysts and media will be held the same day at 10am Finnish time at Hotel Kämp in Helsinki. President and CEO Hille Korhonen will discuss the results and answer questions. The presentation can be listened to via audiocast at www.nokiantyres.com/resultinfo-Q2-2017 starting at 10am.

The event can also be attended by conference call by dialing +358981710495 from Finland, +442031940552 from the UK, +46856642702 from Sweden, and +18557161597 from the US. An audio file of the presentation will be available on the company’s website later the same day. For Q1 2017, Nokian Tyres reported a net sales increase by 18.2% to €325.9 million ($357.6 million) up from €275.8 for the same period of 2016. Operating profit increased by 16.6% to €58.9 million up from €50.5 for the quarter last year.

Operating profit percentage was 18.1% down slightly from 18.3%. The Finnish tyre maker announced May 3 that it will build a new plant in the US to boost growth outside of Europe. The facility is expected to produce 4 million tyres annually for use in the US and Canada beginning in 2020.

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