France: Michelin sees improved performance in H2 2009

Michelin reported a fall in revenue and profits in 2009, reflecting weaker demand conditions in original equipment (OE) and replacement tyre markets, but achieved its key targets of generating free cash flow and cutting net debt and gearing. Although the company acknowledges that market visibility prevailing in early 2010 and Subscribe to Automotive World to … Continued

• By Webmaster
• February 12, 2010