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Michelin H1 results up amid dampened sales in second quarter

Clermont-Ferrand, France – Groupe Michelin’s passenger car tire sales in the second quarter of 2017 has been dampened by heavy buying in the first quarter ahead of planned price increases.

The French tire-maker announced 25 July that over the half-year period, however, volumes were up 4.1% compared to the first six months of 2016.

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In the six months to 30 June, Michelin registered a stable operating income at €1.4 billion, on net income of €863 million, up 12% compared…

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