Nokian Tyres plc raises its net sales guidance for 2022
Nokian Tyres plc, Inside information, June 17, 2022 at 10:00 a.m. The war in Ukraine and the subsequent sanctions continue to cause significant uncertainty to Nokian Tyres’ operating environment especially related to Russia. However, tire demand has remained good and Nokian Tyres has succeeded in implementing price increases to mitigate cost inflation. Therefore, the company raises its net sales guidance for 2022. In the second half of the year, Nokian Tyres’ tire supply will be severely limited by the sanctions, having a negative impact on segments operating profit. Significant