Michelin : If there was only one left …
>Guidance unsurprisingly scrapped, estimates again cut - Following the release of very poor tyre market figures at end-February (-10%) and given the deterioration still to come, Michelin has announced, largely as expected, that it has scrapped its 2020 guidance in the current systemic crisis, but it is not able to give any new guidance at this stage due to the significant level of uncertainty (meeting at end-April at the time of the Q1 release). We have lowered our es...Compagnie Generale des Etablissements Michelin is active in the tire and mobility-related service markets. Co. manufactures, distributes and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of services. Co.'s operates in three segments: Passenger car/Light truck tires and related distribution; Truck tires and related distribution and Specialty businesses segment including tires for specialty vehicles and maps and guides. Co. distributes its products through two tire distribution networks: Euromaster (Europe) and TCI (U.S.A.) and its brands include Michelin, BFGoodrich, Kleber, Uniroyal, Warrior, Kormoran, Riken, Taurus and Tigar.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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