Michelin : October volumes trends in line with September with Europe RT (+) and OE (-)
>October unlikely to surprise, PIRC & CON better positioned than ML near term - Overall, October volumes continued the trend of September, with global replacement volumes positive (mostly linked to Europe with winter/all season in PLT) and OE volumes (strongly) negative, both for light vehicles and trucks. These figures are in line with most tyre manufacturers' messages during the Q3 earnings season and should come as no surprise, with Michelin less favourably positio...
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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