Nokian Renkaat expects Q1 profit to fall on weak car,tyre demand
HELSINKI Feb 6 (Reuters) - Finnish tyre maker Nokian Renkaat warned that its first-quarter profits would fall compared with a year earlier due to weak demand for cars and tyres.
The company also said that its fourth-quarter operating profit had fallen 6 percent year-on-year to 111.8 million euros ($151 million), missing the average forecast among analysts for 118 million euros.
However, it proposed a dividend of 1.45 euros per share, up from 1.20 euros last year and more than the market consensus of 1.33 euros.
($1 = 0.7392 euros) (Reporting By Jussi Rosendahl; Editing by Chris Gallagher)
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