Core Viewpoint - Michelin has lowered its full-year performance forecast for 2025 primarily due to deteriorating business conditions in the North American market, impacting both sales and profit margins [1] Group 1: Sales Performance - North American sales declined by nearly 10% in the third quarter, with significant drops in demand for truck and agricultural sectors [1] - The truck replacement tire market is showing weak performance, and consumer sales are facing challenges [1] Group 2: Market Conditions - North America is Michelin's largest market, and despite local tire production, the company is affected by the weak automotive sales, leading manufacturers to raise prices [1] - Customers are becoming more cautious in an uncertain environment, further impacting sales [1] Group 3: Financial Outlook - Due to the weakening dollar, the company expects its projected free cash flow for 2025 to decrease to between €1.5 billion and €1.8 billion [1]
米其林下调2025年全年业绩预测
Zheng Quan Shi Bao Wang·2025-10-14 00:56