Michelin expects €100m extra materials costs in ”mixed” markets

Clermont-Ferrand, France – Michelin is expecting a €100-million negative impact from raw materials costs in 2019, according to its 11 Feb annual results statement.

The French tire maker reported a €158-million rise in raw materials costs in 2018.

The annual results release did not provide data on Michelin’s total materials costs last year, but the figure stood at €5.2 billion in 2017.

The company also expects currency effects to have a “slightly favourable” impact on operating income this year.

In terms of market outlook, Michelin said it anticipated passenger…

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