Q1 2025 OE decline pushes down Michelin sales, volumes

Admist a “highly volatile environment shaped by geopolitical and macro-economic uncertainties,” the Michelin Group has reported consolidated sales of €6.515 billion for the first quarter of 2025, a 1.9 per cent year-on-year decline driven by lower original equipment volumes. This decline in the OE business across all segments also contributed to overall sales volumes falling by 7.3 per cent year-on-year, but Michelin benefited from a strong 4.8 per cent positive price-mix effect.