Michelin: maintains annual targets
(CercleFinance.com) - After a review of the main exogenous items, i.
e. the markets, the price of raw materials and FX parities, the tyre giant Michelin has said that it is confirming its FY 2018 targets.
Regarding the markets, in particular the group explains that the HGV sector is driven by strong demand for freight (in Europe and the Americas) and that specialties are continuing their dynamic growth.
Changes in commodity prices are only expected to have a neutral impact on the group's operating income in the second half of 2018, and expected changes in exchange rate parities with the average rates in August remains unchanged relative to what was indicated in July.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
e. the markets, the price of raw materials and FX parities, the tyre giant Michelin has said that it is confirming its FY 2018 targets.
Regarding the markets, in particular the group explains that the HGV sector is driven by strong demand for freight (in Europe and the Americas) and that specialties are continuing their dynamic growth.
Changes in commodity prices are only expected to have a neutral impact on the group's operating income in the second half of 2018, and expected changes in exchange rate parities with the average rates in August remains unchanged relative to what was indicated in July.
Copyright (c) 2018 CercleFinance.com. All rights reserved.