Michelin’s Q1 16 revenue was up by a very modest 0.9% to €5.07bn although revenue growth was already moderate in Q1 15 (+5.5%), whereas it had increased by 8% or more in all subsequent quarters. Whereas volume growth contributed +3.7% to sales growth, the price mix (-1.3%) and currencies (-1.9%) both had negative impacts. Consolidation changes had a marginally positive impact of +0.4% as the group acquired more tyre retailers in both Germany and the UK. In spite of this, management
21 Apr 2016
Price mix and currencies put pressure on revenue growth
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Price mix and currencies put pressure on revenue growth
- Published:
21 Apr 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Michelin’s Q1 16 revenue was up by a very modest 0.9% to €5.07bn although revenue growth was already moderate in Q1 15 (+5.5%), whereas it had increased by 8% or more in all subsequent quarters. Whereas volume growth contributed +3.7% to sales growth, the price mix (-1.3%) and currencies (-1.9%) both had negative impacts. Consolidation changes had a marginally positive impact of +0.4% as the group acquired more tyre retailers in both Germany and the UK. In spite of this, management