UPDATE 1-Michelin Q1 sales almost flat, Europe demand slow

Newswire

(Adds details from statement) PARIS, April 26 (Reuters) - French tyre maker Michelin posted almost flat first-quarter sales on Tuesday, reflecting slowing demand in Europe and a tough year-on-year comparison. Michelin said it made sales of 3.6 billion euros ($4.7 billion) in the first three months of 2005, up 1 percent on a like-for-like basis but down 0.2 percent from the year-ago period on a published basis. A Reuters poll of nine analysts had forecast, on average, sales of 3.691 ...

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