Nokian Tyres Posts Sharp Profit Recovery As Romanian Expansion And Premium Strategy Drive Growth
India, July 22 -- Nokian Tyres delivered a sharp improvement in second-quarter profitability as higher sales volumes, stronger pricing and lower manufacturing costs boosted earnings, while the company said it is entering a new phase focused on profitable growth after completing its major investment programme.
Net sales rose 10.6 percent year on year to 379.9 million in the April-June quarter, while operating profit more than doubled to 34.8 million from 14.8 million. Segment operating profit increased 71 percent to 45 million, driven by higher sales and improved manufacturing efficiency.
For the first six months of 2026, revenue increased 7.6 percent to 659.6 million, while segment operating profit climbed to 40.7million, more than five...
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