Recently, Michelin announced the financial status of the first nine months. Announced that the first nine months of net sales of 15.8 billion euros, up 8.6%; sales growth exceeds the overall market level, sales growth of 2.8%, leading the market level.
Michelin's strategic deployment will help offset the impact of rising costs during the year
The sales performance of car and light truck tires is still better than the market average, and sales of truck tires and specialty tires are slightly higher than market performance. Among them, the European and American markets have grown steadily. As of the end of September, it achieved a profit of 167 million euros.
In view of this, Michelin confirmed the 2015 target: In the last few months of this year, the tire market is expected to continue to evolve with the trend since January. Thanks to a balanced regional distribution, Michelin can maintain its annual sales growth and outperform the market.
The strategic deployment of Michelin will help offset the impact of rising costs during the year. For the whole year, in terms of operating profit margin before deducting non-recurring items, the car and light truck tire business should be higher than last year, the truck tire business should be significantly increased, and the specialty tire business will decline slightly.
HENAN JINHE INDUSTRY CO.,LTD , https://www.hnchromiumoxidegreen.com