Michelin’s 2018 net income down 2% y/y to USD1.9 billion
Company expects structural free cash flow of more than EUR1.45 billion in 2019
Michelin has reported a 2% year-on-year (y/y) decline in net income to EUR1.6 billion (USD1.9 billion) for the fiscal year ended 31 December 2018, according to a company press release on 11 February.
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