Report
Anthony Dick ...
  • Michael Foundoukidis

Michelin : Sept. market data unlikely to surprise, FY expectations more than de-risked

>Volume softness factored in and adj. EBIT consensus now too cautious? - Overall, September market figures tend to confirm the trend seen last month, i.e. that OE is benefiting from easier comps and growing while the replacement segment appears less buoyant. This is nonetheless in line with our expectations and backs the more cautious stance we adopted on year-end volumes last month, now expecting volumes to be down 2% and thus suggesting H2 broadly “only” in line wit...
Underlying
COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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