CLERMONT-FERRAND, France—Michelin reported solid results for the three and nine months ended Sept. 30, prompting the company to reaffirm its previous guidance for fiscal 2021 sales and earnings.
PARIS — Group Michelin posted a 2% increase in sales for the first nine months of 2023 despite 3.6% lower unit sales volumes. Sales revenue rose to $22.9 billion due in large part to a 7.2% gain from ...
Tire sell-in markets rose over the period, inflated by high imports of Asian tires into Replacement markets. OE markets in sharp downward cycle and deteriorating further in Q3. PC/LT tire demand ...
CLERMONT-FERRAND, France—With 2022, Michelin managed to sculpt a rather successful year from a rather difficult one. "In a chaotic environment impacted by a combination of systemic crises, Michelin ...
Financial information for the three months ended March 31, 2025 Group sales were down 1.9% due to lower Original Equipment volumes, partly offset by a significantly improved mix. In a highly volatile ...
Volumes were down 7.3% due to lower OE sales in all segments, prolonging the trend observed in second-half 2024. The 2.5% positive mix effect reflected the favorable OE/Replacement mix, offer ...
(Reuters) - Michelin expects its first-quarter sales to be slightly below market consensus due to steeper than expected seasonality in the first half of 2025, according to the transcript of an ...
PC/LT tire markets were stable vs. 2022 as robust OE demand in most regions offset slightly negative RT demand dampened by destocking in Europe and the Americas. Demand for 18-inch and larger tires is ...
GREENVILLE, S.C. — Michelin North America Inc. has ended direct-to-consumer online sales of Michelin- and BFGoodrich-brand passenger light truck tires in the U.S., a sales channel it's used since 2017 ...
Michelin’s Duracoil technology (a high-quality nylon reinforcement on the bead wire) ensures a more robust, longer-lasting ...
Michelin and Sumitomo announced a joint venture in North American wholesale and retail tire sales. This is an area within which Michelin has historically struggled. Rather than further build out its ...
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