(Reuters) -French tyre maker Michelin reported a slightly smaller than expected drop in first-quarter sales as lower original equipment volumes were partly offset by higher replacement parts.
Sales fell 1.9% to 6.52 billion euros ($7.40 billion) from a year earlier, compared with 6.43 billion euros in a company-provided consensus
Michelin also confirmed its full-year guidance.
($1 = 0.8807 euros)
(Reporting by Mathias de Rozario in Gdansk; Editing by Kirsten Donovan)
Comments