Michelin : April volumes not much better yet
>April data still impacted by economic environment and destocking - Michelin released tyre market data for April which confirms the relative weakness already seen in the early months of 2023 and as indicated by most tyre makers recently during the Q1 earnings season (with sell-in below sell-out currently as part of destocking process at dealers). More generally, we think this data tends to confirm that overall market trends are set to remain soft near term in the curr...
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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