Top-range tyres seen driving Michelin '02 profits

Newswire

By Jean-Michel Belot and Rebecca Harrison PARIS, Feb 19 (Reuters) - Europe's biggest tyre maker Michelin is seen posting sturdy full year profits next week as inroads into top-end markets, price increases and job cuts help it resist a grim car and truck market and a weak U.S. dollar. But analysts and investors will be eyeing guidance for 2003 for clues on whether a sagging U.S. dollar -- which hit its 2002 results -- and higher raw material prices will continue to weigh. According to a ...

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