Nokian Tyres Lowers Its Guidance For 2019 [Reuters]
NOKIAN TYRES PLC UNSP/ADR (NKRKY)
NASDAQ:AMEX Investor Relations:
nokiantyres.com/company/investors
Company Research
Source: Reuters
Nokian Tyres plc (TYRES.HE) Key Developments | Reuters.com June 14 (Reuters) - Nokian Tyres plc ::LOWERS ITS GUIDANCE FOR 2019.UPDATED GUIDANCE FOR 2019: IN 2019, NET SALES WITH COMPARABLE CURRENCIES ARE EXPECTED TO BE SLIGHTLY HIGHER AND OPERATING PROFIT TO BE LOWER COMPARED TO 2018.DUE TO WEAKENED CAR DEMAND AND CONTINUOUSLY SOFT CAR TIRE MARKET ESPECIALLY IN CENTRAL EUROPE, NOKIAN TYRES PLC LOWERS ITS EARLIER GUIDANCE FOR FULL YEAR 2019.COMPANY EXPECTS SHORT-TERM WEAKNESS IN SALES VOLUME GROWTH IN CENTRAL EUROPE TO CONTINUE DURING REMAINDER OF YEAR.AS A RESULT OF ONGOING INVESTMENT PROGRAMS TO SUPPORT GROWTH, OPERATING PROFIT IN 2019 WILL INCLUDE SIGNIFICANT ADDITIONAL OPERATING COSTS.. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the w
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