Michelin : Volumes weakness again confirmed in August, still driven by OE
>Volumes not improving but price/mix expected to save the day - Overall, August volumes continued the trend of previous months, with global replacement volumes positive and OE volumes (strongly) negative, both for cars and trucks. These figures are in line with most tyre manufacturers' messages during the earnings season late July/early August but tend to confirm that the momentum on this front remains challenging (also, we believe, on the specialty side). As a result...
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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