Michelin’s sales decline 16.8% y/y to USD17.6 billion in first nine months of 2020

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Financial results

Tire manufacturer expects segment operating income in excess of EUR1.6 billion for the full year 2020

Michelin has reported a 16.8% year-on-year (y/y) decline in sales to EUR14.8 billion (USD17.6 billion) for the first nine months ended 30 September 2020, according to a company press release on 22 October

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