Nokian Renkaat cuts profit outlook on Russia weakness


HELSINKI, Oct 4 (Reuters) - Finnish winter tyre specialist Nokian Renkaat cut its profit outlook for the full-year due to lower Russian market demand and a weaker rouble exchange rate. The company on Friday said it now expects its 2013 sales and operating profit to show "some decline" compared to its previous forecast for "flat or some growth." Nokian Renkaat has a large tyre factory in Russia. (Reporting By Jussi Rosendahl; Editing by Ritsuko Ando)


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Jan 18, 2018

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×