Michelin: Pre-price rise buying drives Q1 sales

A desire to purchase before price increases took effect on 1 April buoyed sales of Michelin tyres during the first quarter of 2017. Increased sales volumes accounted for 7.3 per cent of the 9.9 per cent year-on-year rise in net sales during the period. Net sales amounted to €5.57 billion in the first three months of the year. While Michelin hasn’t published its operating result or margins for the quarter, it expressed a hope that margins will improve in the second half of the year.

The rest of this article is for subscribers only:
Log inSubscribe

Comments closed

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.