Nokian Tyres plc Interim Report January–March 2020: Russia, COVID-19 and mild winter impacting first quarter – Strong balance sheet supporting in difficult times
Nokian Tyres plc Interim Report January–March 2020, May 5, 2020, 2:00 p.m. This release is a summary of Nokian Tyres’ Interim Report January–March 2020. The complete report is attached to this release. It is also available on the company website at www.nokiantyres.com/company/investors/. January–March 2020 · Net sales were EUR 279.8 million (340.3 in January−March 2019). With comparable currencies, net sales decreased by 16.5% especially due to measures taken to reduce high carry-over stocks in the Russian distribution channel, slowing economic activity caused by COVID-19, and