Nokian Tyres plc confirms its guidance for 2019 and provides preliminary outlook for 2020
Nokian Tyres plc Inside Information January 24, 2020, 8:00 a.m. Nokian Tyres plc confirms its guidance for the full year 2019 and provides preliminary outlook for 2020. In line with the guidance given in October 2019, net sales in 2019 with comparable currencies were approximately at the level of 2018 and operating profit margin was approximately at the level of 20%. In 2020, Nokian Tyres net sales with comparable currencies are expected to decline and operating profit to be significantly below the level of 2019. In 2019, the car and tire markets continued to be soft in Europe, which