Michelin Q3 Revenues Up 8.7%

(RTTNews) - French tire maker Michelin Cie Des Estb (MGDDY.PK, MGDDF.PK) Thursday said its sales for the third quarter rose 8.7 percent to 5.31 billion euros from 4.89 billion euros last year.

Sales in the passenger car and light truck tires segment rose 14.9 percent to 2.98 billion euros from 2.59 bllion euros last year. Truck tires segment grew 2 percent to 1.61 billion euros from 1.58 billion euros last year. Sales for the specialty businesses increased 1 percent to 724 million euros from 717 million euros a year ago.

Revenues for the nine-month period rose 8.6 percent to 15.81 billion euros from 14.56 billion euros last year.