Michelin : November market figures confirm weaker year-end trends in replacement
>Weaker volumes confirmed but largely factored in by consensus and guidance - Overall, November market figures released yesterday evening tend to confirm the trend seen in past months, i.e. that OE is still benefiting from easier comps and growing while the replacement segment appears much weaker. This is nonetheless in line with our expectations and backs the more cautious stance we adopted on year-end volumes, expecting volumes to be down 3% and thus suggesting a we...
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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