· Michelin sales momentum slowed in the third quarter

In the third quarter of 2016, Michelin Tire's sales were 5.18 billion euros, down 2.5% from the same period last year.

Among them, the company's net sales of truck tires was 1.53 billion euros, down 4.6%.

Due to the decrease in sales in the US original market and the decline in sales in the Asian replacement market, Michelin tires lost 3% of truck tire sales this quarter.

During the same period, sales of its car tires and light commercial vehicle tires increased by 2% year-on-year (excluding the Russian and Brazilian markets), with sales of 2.96 billion euros, down 0.5%.

In the first half of 2016, the performance of Michelin tires showed a linear upward trend. By the third quarter, its sales volume increased by 1.4 percentage points, slowing down from the first half of the year.

In the two-wheeled tire market and commercial aircraft tires, Michelin's development momentum has been good, but the sales of engineering tires and agricultural tires are not very satisfactory.

For the first three months of September 30, sales of these types of tires were 682 million euros, down 5.9% year-on-year.

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