UPDATE 1-Michelin Q1 sales fall 14.2 percent

Newswire

* Michelin Q1 sales 3.5 bln euros * Says on track to meet FY goal of postitive free cash flow * Shares closed down 2.75 pct before sales released (Adds detail) PARIS, April 28 (Reuters) - French tyre manufacturer Michelin on Tuesday posted 14.2 percent lower first quarter sales at 3.5 billion euros ($4.56 billion) and said its 2009 focus would be on cash as the industry battles a crisis. Michelin slightly exceed a Reuters Estimate of first quarter sales of 3.445 billion euros ...

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