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You are here: Home1 / News2 / Product News3 / Analysts: 2008 Will Be ‘Another year of Progress for Michelin’

Analysts: 2008 Will Be ‘Another year of Progress for Michelin’

Date: 21st February 2008 Author: Tyrepress Editors Comments: 0

Michelin’s full year 2007 results were “good,” according to a Deutsch Bank analyst note. Volume growth (up 3.2%) is said to be “back to trend,” with the analysts noting that the company’s true operating margin actually 40 basis points higher than the 9.8 per cent stated. This itself is a 23 per cent increase over the company’s 2006 figure. Looking forward, the Deutsche Bank report said 2008 should be “another year of progress due to: 2 per cent volume growth and raw material price increase being more than offset by increased selling prices.

Related news:

  1. Sumitomo Rubber Publishes Strong Q3 Results
  2. Michelin Expected to Announce Operating Margin of 8.7 per cent
  3. Analysts: High Natural Rubber Price to Impact Michelin
  4. Natural Rubber Falls to 2005 Levels
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analysts, Deutsche Bank, Michelin, prices, Report, results

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