US Goodyear Tyre recorded higher sales and income of US$1.4 billion worldwide and US$276 million in the North American market last year. The company says this success is due to its improved price/mix and higher branded share in targeted market segments.
Despite a lower unit volume in the fourth quarter of 2011, its sales were up 12% to US$5.7 billion compared to last year. Tyre unit volumes totalled 43.2 million, down 5% from 2010, reflecting decreasing replacement industry volumes in mature markets along with business challenges in Latin America and the flooding in Thailand.
Sales in Q4 2011 showed a strong price/mix performance, which spiked revenue per tyre up 19% year-on-year.
Unfavourable unit volume and foreign currency translation reduced sales by US$174 million and US$49 million respectively.(PRA)
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