Michelin : May volumes data still impacted by supply-chain issues/China but better in Europe
>May volumes data supports FY volumes guidance - Overall, May global market data remains heavily impacted by China in both segments (PLT and Trucks) and both channels (OE/RT) but nonetheless shows some relatively solid figures in more important markets like Europe and North America (however likely both helped by working days). In this respect, we still feel comfortable with Michelin’s FY scenario with has already been lowered end-April. As a reminder, Michelin already...
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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