Michelin : Execution remains solid, welcome in the current environment
>Q3 sales in line, steeper drop in volumes but more solid price/mix - Michelin has reported Q3 2023 sales of € 7.08bn, down 5% on a reported basis (flat organically) and in line with expectations (€ 7.06bn). While the tyre maker reported a sharper drop in volumes than expected of -3.4% (consensus -3.0%) amid still significant destocking in Q3, this was offset by a stronger-than-expected price/mix (+3.3% vs +1.9%, of which +2.1% for prices alone), which should reassure...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.