By Denna Bowman
Nokian tyres has reported a net sales increase of 41.3 per cent for the first nine months of 2011 and
predicts continued success.
The Finnish tyres manufacturer is confident that it is positioned to provide strong sales growth and to improve operating profit significantly compared to 2010.
Kim Gran, President and CEO, said: “A successful first semester was followed by strong growth in Q3 in sales, production output and productivity.
“Sales in all our core markets grew significantly and we continued to win market share. The successful launch of our new test winning Central European winter tyre Nokian WR D3 combined with strong sales of Nordic/Russian Hakkapeliitta winter tyre range fuelled growth and improved ASP.
“An improved sales mix combined with additional price increases improved margins. We continue to expand our distribution network spearheaded by Vianor which has this year recorded 102 new stores totalling 873 by end of September.”
He added: “The visibility to this year sales and results is good. Our sales will correlate closely with our growing production output. ASP will be strong due to seasonality and raw material prices and cost are levelling off, which will help to maintain healthy profitability.
“In 2011 our sky seems reasonably clear and our sails continue to bulge with tailwind. We will go in to 2012 stronger than ever and well prepared to take on opportunities and challenges whatever they may be.”