Michelin Posts Rise in 3Q Revenue; Confirms Guidance
20 October 2017 - 3:52AM
Dow Jones News
By Max Bernhard
French tire maker Compagnie Generale des Etablissements Michelin
(ML.FR) said Thursday that its revenue rose 3% in the third quarter
of fiscal 2017.
Michelin said its third-quarter revenue rose to EUR5.34 billion
euros ($6.29 billion) from EUR5.18 billion in the year-earlier
period, after a rebound in mining-tire demand and implementation of
price increases.
The tire maker confirmed its 2017 guidance.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 19, 2017 12:37 ET (16:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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