Nokian Tyres falls after Q3 sales miss

Nokian Renkaat Oyj

29/10/2024 13:00

** Shares in Nokian Tyres  TYRES.HE  are down 3.5% after the
Finnish tyre maker posted Q3 net sales below market
expectations, hit by weak automotive and tyre markets
    ** Q3 net sales rise 13.6% to 313.6 million euros ($338.0
million), but miss the 337.7 million euros expected by analysts
on average
    ** Adjusted operating profit of 30.4 million euros was
roughly in line with expectations
    ** The stock is on track for its worst day since early
August if the losses hold

($1 = 0.9278 euros)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))