Michelin: strong 2012 earnings despite ‘lacklustre’ markets

ERJ staff report (LMH)

Clemont-Ferrand, France – Michelin has posted 2012 operating income of Euro 2.4 billion, up 25 percent year-on-year, despite a drop in volumes of 6.4 percent.

The French tire maker reported sales of Euro 21.4 billion in 2012, up 3.6 percent from Euro 20.7 billion…

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