UPDATE 2-Michelin Q1 sales top forecasts, aims to up prices

Newswire

(Adds further details, valuation, conference call comment) By Marcel Michelson 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 such as rubber for 2006 to 540 million euros ($670.8 million) from 370 million, but maintained a forecast of a higher ...

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