Michelin 1Q Sales Fall, Confirms 2018 Outlook
April 23 2018 - 12:34PM
Dow Jones News
By Anthony Shevlin
French tire maker Compagnie Generale des Etablissements Michelin
(ML.FR) said Monday that sales in the first quarter fell due to a
slight decline in the market of tires for passenger cars, light
trucks and trucks.
Michelin said sales for the three months ending March 31 were
5.22 billion euros ($6.41 billion), compared with EUR5.57 billion
the previous year.
Michelin confirmed its outlook for 2018 and said it now expects
currency effects to hit recurring-operating income by EUR350
million.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 23, 2018 12:19 ET (16:19 GMT)
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