Michelin posts a slight drop in sales on lower tyre volumes
4 Articles
4 Articles
French tire maker Michelin reported a slight decline in revenue for the first nine months of 2026, impacted by lower sales volumes and the adverse currency effect of the depreciation of the US dollar against the euro. The group's revenue as of September 30 amounted to EUR 19.18 billion, compared to EUR 19.28 billion in the same period last year. At constant exchange rates, sales increased by 1%, the company said. The volume of tires sold decreas…
The French tyre manufacturer Michelin registered a decline in sales volumes in the third quarter. The company had an annual retraction of 0.6%, diverging from the consensus compiled by the company itself, which projected an expansion of 0.6%. Exclusive material for subscribers. To have full access, access the link of the material and register.
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