Michelin Q1 sales up – strong performance in mature markets
Net sales at Michelin rose 0.9 per cent in the first quarter of 2016 to €5.1 billion, pushed up by a 4.3 per cent rise in passenger car and light truck tyre sales, which more than offset the 3.0 per cent decline in truck tyre sales and 4.2 per cent drop in sales within the company’s specialty business.