Apr 29, 2020 / 04:30PM GMT
Operator
(foreign language)
Yves Chapot - Compagnie Générale des Ãtablissements Michelin Sociétéen commandite par actions-Managing Partner - GM, Chief Administrative & Financial Officer
Okay. So ladies and gentlemen, sorry for this interruption, which was due to a technical problem out of our reach. So I was commenting the Slide 3. So we have seen in the Q1 a sharp decrease of the road market: both in passenger car and light truck, by 15%; in trucks, 17%; and specialties have been a bit more contrasted with some sector that has been heavily impacted, such the aviation and some domain that are more resilient, such surplus mining and agriculture replacement.
In this context, our sales have been down by 8.3%, reflecting a contraction of our volume by 11.7% on the quarter, but by 21% on the sole month of March. I remind you that, for example, in Western Europe, most of the countries went to isolation, to lockdown from mid-March.
We have
Q1 2020 Compagnie Generale des Etablissements Michelin SCA Corporate Sales Call Transcript
Feb 14, 2024
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