Recently, some multinational tire companies announced their first-quarter sales, showing an overall upward trend.
According to Hankook Tire’s recently announced 2012 first quarter results report, its global sales have reached 1.71 trillion won (about US$1.512 billion), a year-on-year increase of 17.1%, and continued to see double-digit growth.
At the same time, Pirelli's tires were also outstanding in the first quarter. In the group’s recently released 2012 first quarter results report, as of March 31, Pirelli’s group’s revenue was 1.5565 billion euros, an increase of 11.1% year-on-year, compared to 1.009 billion euros in the same period of 2011, and a combined net profit of 125.3 billion euros. , an increase of 54%. For the 2012 revenue target, Pirelli Group revised it to approximately EUR 6.45 billion, an increase of 14% over 2011.
In addition, Goodyear also achieved year-on-year growth in the first quarter of 2012. The company announced that its sales for the first quarter of 2012 was US$5.5 billion, an increase of 2% compared to the same period in 2011, and set a record high for the first quarter. Among them, Asia-Pacific tire sales in the first quarter of 2012 were 577 million US dollars, an increase of 5% year-on-year, setting a record high for the first quarter.
According to the results of the first quarter of 2012 announced by various tire companies, both Hankook and Pirelli tires have achieved double-digit growth. However, due to the impact of the macroeconomic crisis, demand for tires in the European and North American markets slowed down, and sales of some tire companies in the first quarter of 2012 were lower than expected, and sales of tires are expected to decline slightly from 2011 as a whole.
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