Michelin offsets weakness in new tire market through price hikes and product mix
- 1Michelin recorded accelerated revenue growth in the third quarter through price increases and a high-value product mix.
- 2Michelin Group revenue for the first nine months of 2026 increased 1.0% on a constant currency basis to 19.18 billion euros.
- 3Michelin recorded a 0.8% decrease in total tire sales volume for the first nine months of 2026 but reaffirmed its annual performance targets.
So what's the key point?
Michelin's revenue grew 1.0% because the company raised tire prices and sold more expensive products. Although sales volume decreased slightly, the company says it can achieve its original performance goals.
Source Investing.com · View original ↗
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