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CONSUMER CYCLICALS: Michelin (A2/A-/A-): Results Headlines

CONSUMER CYCLICALS

Results look in-line, comments are downbeat.

“*MICHELIN 1H REV. EU13.48B, EST EU13.52B

*Michelin 1H oper PFT EUR1.57B. Analysts expected 1H oper PFT EUR1.58B

*Michelin backs 2024 guidance.

*MICHELIN CEO FLAGS `WORRYING' TIRE OVERCAPACITY IN EUROPE

*MICHELIN IS REVIEWING ITS INDUSTRIAL FOOTPRINT, CEO SAYS” - BBG

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