Michelin Expected to Report 7.2 billion euros 1H Sales

Financial analysts are projecting Michelin will post sales of 7.2 billion euros (-13 per cent compared with last year) when it presents its first half results. According to a recent Deutsche Bank investor’s note, the company will report an operating loss of 50 million euros and a net loss of 360 million euros (after factoring differed tax assets and restructuring charges).