- The company expects operating profit between €2.6 billion and €3 billion, below previous forecasts.
- North American sales fell by nearly 10% in Q3, impacting the revised outlook.
- The company expects operating profit between €2.6 billion and €3 billion, below previous forecasts.
- North American sales fell by nearly 10% in Q3, impacting the revised outlook.
Michelin, one of the world’s leading tire manufacturers, announced a significant downward revision of its financial forecasts for 2025. This decision reverberated widely on the stock market, with investors reacting negatively, resulting in a sharp drop in Michelin’s share price. The company's shares are currently down by over 8% on the French stock market.
The revision is due to market difficulties, particularly impacting Michelin in North America. The company adjusted its segment operating profit expectations to between €2.6 billion and €3 billion, significantly below earlier estimates exceeding €3.4 billion. Forecasts for free cash flow before mergers and acquisitions were also reduced, now estimated at €1.5 billion to €1.8 billion.
Among the main challenges is a nearly 10% decline in sales in North America during the third quarter. This situation highlights the challenges facing the European automotive sector amid global economic uncertainty.
AMD Gains 3% on Oracle Processor Integration Announcement
Coffee Futures Soar 5%, Break 400 Cents per Pound
US100 loses 1% 📉
Technical look: Gold falls from the record high🔔
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
