2016-08-09

Nokian Tyres has released its second quarter and first half 2016 figures, the numbers are also the first full quarter figures published since Nokian admitted it had been involved in tyre test irregularities in a series of press articles during the first quarter of the year. Forex issues and other problems in the Russian market are no-doubt connected to Nokian’s performance. Indeed, Russian sales declined by almost 30 per cent and mild winter weather is said to have left inventories in Russia and North America (see below for further details on this).

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