Michelin posts 4.9 pct drop in Q1 sales


PARIS, April 22 (Reuters) - Europe's largest tyre maker Michelin posted a 4.9 percent fall in first quarter sales as a weak dollar took its toll on export revenues. The French firm said sales in the first quarter dipped to 3.655 billion euros from 3.842 billion previously, but climbed 5.7 percent stripping out the effect of exchange rates. Exchange rates, including a weak U.S. dollar and Latin American currencies, had a negative impact of 10 percent, it said in a statement. Michelin, ...

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