Michelin seen posting lower H1 profits

Newswire

PARIS, July 25 (Reuters) - Europe's biggest tyre maker Michelin will likely post a fall in first-half profits next Tuesday as it takes a hit from a strong euro, sagging demand and restructuring charges, analysts say. Eight analysts polled by Reuters forecast an average net profit down 28 percent at 182 million euros, while operating profit was seen falling seven percent to 531 million on sales down around five percent to 7.42 billion. Michelin published its own poll of 14 analysts ...

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