Michelin targets mid-cycle margin of 10 pct


PARIS, Feb 25 (Reuters) - French tyre maker Michelin said on Tuesday it was targeting an operating margin of 10 percent in "mid-cycle" after posting a stronger-than-expected margin of 7.8 percent for 2002. Previously, the company has said it was aiming to boost its margin to 10 percent by 2005.

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