Michelin and its peers had announced price increases of 8% for replacement tyres in February. This resulted in stock-building at the retail chains. As a result of this plus higher demand from the mining industry, Michelin saw volume rising by 7.3% and revenue by 10%. Disproportionate growth in the Speciality Business (+15% to €848m) with its above average profit margin has possibly allowed the margin to have been unchanged, although raw material prices were higher this year. Additional p
21 Apr 2017
Price increases in April resulted in inventory build-up
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Price increases in April resulted in inventory build-up
- Published:
21 Apr 2017 -
Author:
Hans-Peter Wodniok - Pages:
Michelin and its peers had announced price increases of 8% for replacement tyres in February. This resulted in stock-building at the retail chains. As a result of this plus higher demand from the mining industry, Michelin saw volume rising by 7.3% and revenue by 10%. Disproportionate growth in the Speciality Business (+15% to €848m) with its above average profit margin has possibly allowed the margin to have been unchanged, although raw material prices were higher this year. Additional p