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Did Weaker Nine-Month Sales and Lower Guidance Just Shift Michelin’s (ENXTPA:ML) Investment Narrative?
Earlier this week, Compagnie Générale des Établissements Michelin Société en commandite par actions reported group sales of €19.28 billion for the nine months ended September 30, 2025, down from €20.17 billion a year earlier.
This sales decrease, tied to market contractions and heightened competition in North America and Europe, prompted Michelin to revise its full-year guidance downward and lower profit forecasts.
We'll assess how this sales decline and revised outlook impact Michelin's...