Reported 8 days ago
Michelin anticipates that its sales for the first quarter of 2025 will be slightly below market projections, primarily due to a sharper-than-expected seasonal impact. The French tire manufacturer noted that U.S. tariffs are contributing to market volatility but emphasized that its local operations strategy will help mitigate these challenges. The company expects a volume decrease between 6% and 8%, whereas analysts had expected a smaller drop, leading to concerns about the first quarter sales results, set to be announced on April 24.
Source: YAHOO