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Michelin notes currency effects in 2017 financial scenario  

Clermont-Ferrand, France – Groupe Michelin has flagged up currency effects as a significant factor behind lower profitability in its third-quarter financial results, published 19 Oct.

michelin-currency-effect-2017At the first-half stage, Michelin listed currency effects as generally neutral during 2017, but has now changed the projection to a €110-120 million ‘headwind’.

This, said the French group, means that a €37-million positive currency effect achieved during the first six months, will be more than offset by a projected €150-million charge in…

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