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Rescue crisis: tire manufacturers boast record revenues

  • April 28, 2022
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In Russia, immediately after the start of the special operation in Ukraine, people began to buy everything that could be useful, including tires. Moreover, a similar picture was

Rescue crisis: tire manufacturers boast record revenues

In Russia, immediately after the start of the special operation in Ukraine, people began to buy everything that could be useful, including tires. Moreover, a similar picture was painted in other (European) countries, where people also liked to buy car tires for fear of shortages and rising prices.

For example, the Nokian Tires group could boast of the following achievements. In the first quarter of this year, net sales amounted to 416.5 million euros, a sharp increase of 21.9%. Here, only further financial forecasts are uncertain. The Group’s net sales are expected to decline significantly over the twelve months.

By the way, now that the prices of new tires have skyrocketed, many motorists have started to pay attention to used tires. Usually, when inspecting a product, they only look at the tread wear. But it’s not right. The AvtoVzglyad portal tells about the dangers that await a driver who has bought a used “rubber” with a practically unworn tread.

For example, the Nokian Tires group could boast of the following achievements. In the first quarter of this year, net sales amounted to 416.5 million euros, a sharp increase of 21.9%. Here, only further financial forecasts are uncertain. The Group’s net sales are expected to decline significantly over the twelve months.

By the way, now that the prices of new tires have skyrocketed, many motorists have started to pay attention to used tires. Usually, when inspecting a product, they only look at the tread wear. But it’s not right. The AvtoVzglyad portal tells about the dangers that await a driver who has bought a used “rubber” with a practically unworn tread.

Source: Avto Vzglyad

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