French tyre maker Michelin confirms 2023 guidance after Q1 sales rise

Michelin posted a 7.4% rise in consolidated sales to 6.96 billion euros for the first three months of the year, against 6.48 billion euros reported a year ago. The automotive business, which manufactures passenger car tyres and makes up the bulk of the group's revenue, saw its sales increase 6.2% to 3.46 billion euros, against 3.25 billion euros a year ago.

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