Nokian Renkaat - Company Announcement

Nokian Tyres: In 2013 Net sales and Operating profit are to show some decline compared to 2012

Nokia, Finland, 2013-10-04 08:30 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc
Stock Exchange Release 4 October 2013, 9.30 a.m. 

Nokian Tyres: In 2013 Net sales and Operating profit are to show some decline
compared to 2012 

Nokian Tyres' Q3/2013 sales were flat and Operating profit slightly up compared
to Q3/2012. However, due to the weakened Rouble exchange rate and softer market
demand for tyres in Russia, Nokian Tyres' Net sales and Operating profit are
estimated to be somewhat lower in the second half and full year 2013 compared
to 2012. 

Nokian Tyres has booked excellent test results and victories in all major
magazines with its new winter tyre Nokian Hakkapeliitta 8 and increased its
market shares in all core markets. Market share has improved especially for
winter tyres in Russia and Nordic countries. However, it is not enough to
offset the weaker market conditions in Russia and Central Europe in 2013. The
unfavorable currency exchange rate development of Russian Rouble during 2013 is
estimated to generate a negative effect of approximately EUR 25 million on Net
sales and approximately EUR 14 million on Operating profit of Nokian Tyres
Group in full year 2013. 

The demand in Nordic countries and CE is recovering. In Nordic countries Nokian
Tyres' full year sales are expected to show some growth. In CE the H2 sales are
estimated to grow. 

In 2014 the company estimates to be back on a profitable growth track.

Financial guidance (updated)
In 2013, Net sales and Operating profit will show some decline compared to 2012.

Previous guidance from 9 August 2013
In 2013, the company is positioned to show flat to some growth in Net sales and
Operating profit compared to 2012. 

Nokian Tyres will publish its Interim report for January-September on 31st
October 2013. 



Nokian Tyres plc

Antti-Jussi Tähtinen, Vice President, Marketing and Communications

Further information:
Mr. Kim Gran, President and CEO, tel: +358 10 401 7336
Mrs. Anne Leskelä, CFO, tel: +358 10 401 7481

Distribution: NASDAQ OMX Helsinki, media, www.nokiantyres.com