French tire maker Michelin Cie Des Estb (MGDDY.PK,MGDDF.PK), Thursday reported first-quarter sales of 6.515 billion euros, down 1.9% from 6.642 billion euros last year.
Automotive and Two-Wheel sales gained 1.2% to 3.559 billion euros, while Road Transportation and Related Distribution dropped 3.5% to 1.529 billion euros. Specialty business and related distribution decreased 7.3% to 1.427 billion euros.
Volumes were down 7.3% due to lower Original Equipment sales in all segments, prolonging the trend observed in second-half 2024.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.