NOKIA, Finland (April 5, 2011)—Nokian Tyres P.L.C. will report markedly higher sales and earnings for the quarter ended March 31, based on preliminary figures released this week.
Nokian is expecting operating income to triple to about $46 million while sales are seen growing more than 50 percent to nearly $200 million as the firm's core markets have strengthened further.
The estimated figures are unaudited. Nokian Tyres will publish its first quarter results on May 6.