Nokian to post 1Q sales, profit gains

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Nokian Tyres plc says its net sales for the first quarter will total 200 million euros. Its operating profit will be 39 million euros.

"Main reasons for the better-than-expected results are strong sales growth continuing in Russia, as well as stronger-than-expected summer tire sales," say Nokian officials.

The Finland-based tiremaker expects growth to continue during the rest of the year, but "not at the same pace" as during the first quarter.

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