Instead of a marginal revenue growth of 1% to €5.35bn, Michelin’s sales fell by another 2.4% to €5.18bn and the ytd number now stands at €15.47bn (-2.1%). To reach our full-year projection of €21.18bn, Q4 revenue needs to increase by almost 6% to €5.7bn. This is probably unrealistic.
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We are too optimistic for 2016
- Published:
20 Oct 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Instead of a marginal revenue growth of 1% to €5.35bn, Michelin’s sales fell by another 2.4% to €5.18bn and the ytd number now stands at €15.47bn (-2.1%). To reach our full-year projection of €21.18bn, Q4 revenue needs to increase by almost 6% to €5.7bn. This is probably unrealistic.