Reuters logo
Nokian Renkaat expects Q1 profit to fall on weak car,tyre demand
February 6, 2013 / 6:21 AM / 5 years ago

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below