Nokian says winter tyre mkt weaker than expected

Newswire

HELSINKI, Nov 24 (Reuters) - Finnish tyremaker Nokian Renkaat said on Thursday the winter tyre market was weaker than expected and that competition had got tougher. "Fundamentally, Nokian Tyres is in very good financial shape," said Chief Executive Kim Gran told a conference call. "The winter tyre season has been weaker than we expected and the competition has been tougher than before," Gran said. "And in our opinion the competitive landscape has changed, especially during the second ...

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