Michelin : March volumes weaker as expected, but not worse
>Weak March volumes data already largely flagged, April looking better - Overall, weak volumes were largely expected last month, notably because of the lower number of working days (up to 2 days less) and high comps. It has also been flagged by Continental earlier this week but the German tyre maker however added that April was looking considerably stronger. Regarding Michelin, and as we also expect some weakness in specialty, we aim for volumes down 4.2% in Q1 (vs c...
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