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Nexen Tire reports 10% increase in revenue in Q2, Europe stands out
['Author', 'Chris Anthony']
Tyrepress
At its second results briefing on 29 July 2026, Nexen Tire reported that the company achieved KRW 891.3 billion in revenue and KRW 34.3 billion in operating profit.
Revenue was up 10.8 per cent year-on-year, “showing continued growth centred on key markets including Europe…”.
Nexen’s “efforts to expand its OE share and diversify sales in the replacement (RE) market translated into solid performance”, the company wrote in a statement, noting that “with more premium OE and high-inch products on offer, the sales mix of 18-inch and above tyres rose to 38.8 per cent, up 3.6 percentage points year-on-year.