Michelin Q1 sales up 5.5 pct to 4.2 bln eur; FY guidance maintained |
|
|
|
Published
:
Tue, 24 Apr 2007 17:18
|
PARIS (Thomson Financial) - Michelin said first-quarter sales reached 4.2 bln eur, a 5.5 pct increase year-on-year, as higher volumes and the impact of pricing and product mix offset negative currency effects, while the tyre maker reiterated its full-year guidance of a 'tangible increase' in sales and operating margin.'Tyre markets were dynamic in all regions except for North America which is still affected by a partial economic slowdown and a further round of fuel price increases,' the company said in a press release.The total sales were a touch above the 4.06 bln eur forecast by CA Cheuvreux and the 4.17 seen by BNP Paribas.Michelin said its still expects raw material costs to have a 'neutral impact' on full-year results.tfn.paris@thomson.comgt/rfwCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Michelin affirmed at 'BBB+' by Fitch; outlook negative 