UPDATE 1-Michelin Q1 sales up 10.2 pct, tops forecasts

Newswire

(Adds details from statement) PARIS, April 25 (Reuters) - The world's biggest tyre group Michelin reported a 10.2 percent rise in first quarter sales on Tuesday, beating analysts' forecasts, as it increased prices to offset higher rubber costs. Michelin said it had raised the expected impact of the spike in raw materials for 2006 to 540 million euros ($670.8 million) from 370 million previously, but maintained a forecast of a higher 2006 operating profit and an operating margin at the ...

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