Nokian Tyres posts higher than expected profit, helped by lower costs
The tyre maker posted a comparable operating profit of 26.3 million euros ($30.59 million) for the April-June quarter, while analysts polled by it had forecast 23 million euros on average.
Uncertainty over U.S. tariffs coupled with weak car demand and increasing competition from Chinese automakers has put a brake on the European auto industry, resulting in cost reductions and supply chain adjustments.
Shares of Nokian Tyres were up 7% at 1006 GMT following the results publication.
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