Now Reading:

Michelin vigilant as profits slump


Michelin vigilant as profits slump


French tyre manufacturer Michelin said it was extremely vigilant because of low market visibility and rising raw material prices.

The group has been hit by the slump in the automotive industry while restructuring costs hit last year’s net profit, which were down to 132 million euros from 360 million euros.

Michelin is proposing a 1 euro dividend to shareholders.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article