January 24, 2020 / 6:27 AM / in a month

Nokian Tyres sees 2020 sales, profit falling due to Russia slowdown

Jan 24 (Reuters) - Nokian Tyres expects its sales and operating result in 2020 to decline from 2019 due to a significant increase in carry-over stock in Russia, the Finnish tyre maker said on Friday.

Nokian said the rising carry-over stock in the Russian market resulted from weaker customer spending, falling new car sales and increasing competition. (Reporting by Boleslaw Lasocki; Editing by Sam Holmes)

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