Michelin : March vols confirm early 2023 weakness, broadly in line with expectations
>March data broadly in line with Q1 expectations, Q1 expected to be the trough - Michelin released tyre market data for the month of March which confirms overall relative weakness in the early months of 2023, largely as expected even though truck tyres were, in our view, even softer than expected in the replacement segment. More generally this data should, however, not surprise as figures are broadly in line and tend to support our/consensus view of volumes down ~6.0-...
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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