Michelin : January tyre volumes down, confirming expected weakness in Q1
>Weak volumes in January as expected, Q1 to be the trough - Michelin yesterday evening released tyre market data for the month of January which show significant declines in the different segments (passenger and trucks, OE and replacement) but should however not surprise as broadly in line with recent comments made during earnings calls from various industry participants. As indicated before, we believe Q1 should be the trough this year volumes-wise and expect a gradu...
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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