Apr 26, 2023 / 04:30PM GMT
Operator
Ladies and gentlemen, welcome to the Michelin conference call. I now hand over to Mr. Yves Chapot, General Manager; and Group CFO. Gentlemen, go ahead.
Yves Chapot - Compagnie Générale des Ãtablissements Michelin Sociétéen commandite par actions-Managing Partner - GM & CFO
Hello. Good evening, everyone. So I'm very pleased to welcome you for this quarterly self disclosure. I will start directly by the key message. Although we have been operating in a weak market, overall, our sales were up by 7.4% during the quarter, thanks particularly to our premium positioning. During our last publication, in February, we have announced that we are anticipating lower sales selling markets in Q1 2023. As the first quarter of 2022 was characterized by strong inflation and supply disruptions exacerbated at the end of the quarter by the conflict in Ukraine. On the other hand, in 2023 as supply chain has improved, we have observed that the distributors tend to
Q1 2023 Compagnie Generale des Etablissements Michelin SCA Corporate Sales Call Transcript
Feb 14, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers