Michelin: Sales up 7.5% in H1 2017

27th July 2017 | 0 Comments
 
Michelin: Sales up 7.5% in H1 2017
Michelin's H1 performance is described as being in-line with the company's 2020 roadmap

During the first half of the year, Michelin increased both sales and net income on the back of higher volumes. Net sales were up 7.5 per cent to 11.1 billion euros in the six months to 30 June, and while operating income declined 0.8 per cent year-on-year to 1.4 billion euros (with the margin down 1.1 per cent to 12.6 per cent), the tyre maker described this result as “stable and in line with the Group’s roadmap.” Net income rose 12.2 per cent to 863 million euros.

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