Positive Result For Michelin’s Germany Subsidiary

Michelin’s German subsidiary has improved its results for 2000 in every aspect. Expectations have been more than fulfilled with an increase in turnover of 6.4 per cent to 1.

75 billion Euro and a 70.2 per cent increase in profit to 57.8 million Euro.

The Michelin Group as a whole has increased net earnings by 35 per cent to 438 million Euro (1999: 325 million Euro). The turnover of 15.4 billion Euro is around 11 per cent higher than the previous year’s figure of 13.