BRIEF-N.Renkaat Q3 EBIT tops consensus, warns on Q4 margin

Tue Nov 3, 2009 1:12am EST
 
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HELSINKI, Nov 3 (Reuters) - Finnish car tyre maker Nokian Renkaat (NRE1V.HE) reported on Tuesday:

* Q3 EBIT 43.7 mln euros vs 34 mln avg fcast in Reuters poll

* Q3 net sales 204 mln euros vs 205 mln avg fcast in poll

* Sees 2009 net sales 760-810 mln euros

* Sees weaker Q4 op margin vs Q3

* Rpts H2 profitability to improve clearly vs H1

* Says uncertainty in mkt continues

* Sees slow recovery in tyre demand

* Says Russian mkt still weak, but inventories are coming down

* Says to stop tyre production in Nokia, Finland for 17 working days at end-yr

* Says to also stop production in Russia at yr-end

* Says aims to return to profitable growth in 2010

 

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