Michelin : June market data confirms sequential improvement as disruptions eased
>Solid volumes release that supports H1 consensus volume expectations - Overall, the June market data seems to support the H1 consensus volume expectations for Michelin (-0.6%), especially focusing on the most important European & North American regions. This bodes relatively well for the Michelin H1 2022 earnings release expected next week (26 July AMC). In detail, we stand relatively in line as we expect H1 revenues at € 13.3bn and adjusted EBIT at € 1.6bn (vs conse...
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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