Michelin : H1 release highlights good inflation and pricing management
>Better-than-expected start to the year reflected in a guidance upgrade - Michelin reported better-than-expected H1 2023 earnings yesterday after trading (3% better on EBIT, > 100% on FCF) despite the more difficult volume environment and thanks to strict price discipline, but also to very good momentum in specialty tyres, which more than offset weakness in trucks. After this good start to the year, and despite a more cautious view on volumes (as expected), the group ...
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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