After revenue growth of 10% in Q1 (to €5.57bn), the growth rate moderated to 5% (to €5.49bn) in Q2, thus giving a H1 number of €11.06bn (+7.5%). This is almost exactly in line with our forecast of €11.05bn. H1 EBIT was down by 0.9% to €1,393m which is also no different from our projected €1,395m.
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Michelin delivered exactly what we had expected
- Published:
26 Jul 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
After revenue growth of 10% in Q1 (to €5.57bn), the growth rate moderated to 5% (to €5.49bn) in Q2, thus giving a H1 number of €11.06bn (+7.5%). This is almost exactly in line with our forecast of €11.05bn. H1 EBIT was down by 0.9% to €1,393m which is also no different from our projected €1,395m.