Michelin Posts Rise in 3Q Revenue; Confirms Guidance

By Max Bernhard Features Dow Jones Newswires

French tire maker Compagnie Generale des Etablissements Michelin (ML.FR) said Thursday that its revenue rose 3% in the third quarter of fiscal 2017.

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Michelin said its third-quarter revenue rose to EUR5.34 billion euros ($6.29 billion) from EUR5.18 billion in the year-earlier period, after a rebound in mining-tire demand and implementation of price increases.

The tire maker confirmed its 2017 guidance.

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

October 19, 2017 12:37 ET (16:37 GMT)