Michelin 9-Month Sales Up 2%

(RTTNews) - French tire maker Michelin Cie Des Estb (MGDDY.PK, MGDDF.PK), Tuesday reported nine-month sales of 21.15 billion euros, up 2% from 20.73 billion euros last year.

Automotive and Related Distribution sales gained 3.6% to 10.61 billion euros, while Road Transportation and Related Distribution dropped 4.3% to 5.17 billion euros. Specialty business and related distribution rose 5.4% to 5.37 billion euros.

"Our Group is reporting solid sales revenues in a complex market environment. We are continuously tightly steering our operations and adapting to the market's shifting needs. This constant agility and anticipation demonstrate once again our Group's resilience and resolve to deliver our Michelin in Motion strategy", said CEO Florent Menegaux.