Sales Increase For Michelin

Michelin Group net sales have shown a 2.5 per cent increase for 2001 to 15.77 billion Euro, a slower rate of growth than for the previous five years.

However volumes sold have fallen by almost 3 per cent with all markets on a downward trend except passenger car and light truck. Michelin estimate that the operating margin for the year 2001 will lie between 6.2 and 6.