Michelin : Stronger April volumes as hinted, next week’s CMD now in focus
>Catch-up in April fully confirmed as hinted by tyre makers during Q1 earnings calls - Overall, a robust month for tyre volumes as several players had already hinted in the last few weeks, admittedly supported by the positive calendar effect (after a negative effect in March, Easter), but it nonetheless further supports the narrative of a gradual improvement throughout the year. As a reminder, Michelin’s management based its FY financial outlook on a stable market sce...
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