Nokian Tyres plc lowers its guidance for 2018

Nokian Tyres plc Stock Exchange Release October 31, 2018, 7:55 a.m.

Due to continued negative currency impact, Nokian Tyres plc lowers its earlier guidance for the full year 2018, published in the 2017 financial statements release on February 2, 2018.

Updated guidance:
In 2018, net sales and operating profit are expected to be at the same level or slightly higher compared with 2017 due to continued negative currency impact.

Earlier guidance from February 2, 2018:
In 2018, with the current exchange rates, net sales and operating profit are expected to grow compared with 2017.

Nokian Tyres plc 

Päivi Antola, SVP, Communications and IR

Further information:

Teemu Kangas-Kärki, CFO, tel: +358 10 401 7750
Päivi Antola, SVP, Communications and IR, tel: +358 10 401 7327 

Distribution: Nasdaq Helsinki, media and www.nokiantyres.com 

Nokian Tyres is the world’s northernmost tyre manufacturer and one of the most sustainable companies in the industry. We offer peace of mind in all conditions by developing high-quality, safe and eco-friendly tyres for passenger cars, trucks and heavy machinery. We are especially well known for our innovative winter tyres. Our group also includes the Vianor chain, specialising in vehicle maintenance and tyre services. In 2017, the company’s turnover was approximately EUR 1.6 billion and it employed some 4,600 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com