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Nokian Tires’ operating profit plummeted to a loss – net sales fell by more than a third

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© Magazine image The company says the weak result is due to the coronavirus pandemic and the measures taken to clear the abundant stocks in the Russian distribution channel. NEWSPAPER / VESA MOILANEN Nokian Tires’ operating profit collapsed to a deficit of EUR 23 million in April-June, compared to 94 million on the positive side … Read more

Nokian Tires’ operating profit plummeted to a loss – net sales fell by more than a third

by

© Magazine image The company says the weak result is due to the coronavirus pandemic and the measures taken to clear the abundant stocks in the Russian distribution channel. NEWSPAPER / VESA MOILANEN Nokian Tires’ operating profit collapsed to a deficit of EUR 23 million in April-June, compared to 94 million on the positive side … Read more