Michelin posts drop in sales on lower tyre volumes

Compagnie Generale des Etablissements Michelin SCA

Tue 16:57

Oct 20 (Reuters) - French tyre maker Michelin MICP.PA on Tuesday reported a 0.5% drop in nine-month sales at current exchange rates to €19.18 billion ($21.54 billion), citing lower tyre volumes and negative currency effect linked to the depreciation of the US dollar.


($1 = 0.8904 euros)

 (Reporting by Mathias de Rozario in Gdansk; Editing by Shilpi Majumdar)
 ((mathias.derozario@thomsonreuters.com))