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Michelin confirms FY forecast of 'tangible' sales and operating margin growth


Published : Fri, 11 May 2007 11:14
By : Agencies
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CLERMONT-FERRAND (Thomson Financial) - Michelin's chief financial officer Jean-Dominique Senard confirmed the group's forecast of a 'tangible increase' in sales and operating margin over the full year 2007.

'This year will see a tangible increase in sales and operating margin, in line with our 2010 objectives,' Senard said at the group's AGM today, reiterating the outlook announced in April this year when Michelin published its first-quarter sales.

vicky.buffery@thomson.com

afp/vb/ic

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