Michelin’s revenue growth remained high in Q3 15 (+8.7% to €5.3bn and +8.6% to €15.8bn in 9M). This better than expected development is the result of superb growth in passenger car tyres (+15% to almost €3bn and +14% to €8.84bn, respectively). On the other hand, the growth rate moderated in Truck Tyres (+2% to €1.6bn and +3.8% to €4.68bn) and was only just above zero in Specialities (+1% to €724m and -0.1% to €2.29bn).
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Excellent Q3 development in Passenger Car Tyres
- Published:
26 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Michelin’s revenue growth remained high in Q3 15 (+8.7% to €5.3bn and +8.6% to €15.8bn in 9M). This better than expected development is the result of superb growth in passenger car tyres (+15% to almost €3bn and +14% to €8.84bn, respectively). On the other hand, the growth rate moderated in Truck Tyres (+2% to €1.6bn and +3.8% to €4.68bn) and was only just above zero in Specialities (+1% to €724m and -0.1% to €2.29bn).