UPDATE 2-Michelin boosts quarterly sales by 3.9 percent

Newswire

(Adds detail, background, shares) PARIS, April 26 (Reuters) - Europe's biggest tyre maker, Michelin , reported a nearly four percent rise in first-quarter sales on Monday, saying demand had revived and it was confident of improved operating performance this year. The company, whose profits slid in 2003 due to ballooning rubber prices and a one-off takeover charge, said that rising raw materials costs had prompted it to take a prudent view of its forecasts for the year under way. "The ...

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