Jul 25, 2019 / 04:30PM GMT
Operator
Ladies and gentlemen, welcome to Michelin First Half 2019 Results Conference Call. I now hand over to Mr. Florent Menegaux, CEO; Mr. Yves Chapot, General manager; Mr. Marc Henry, CFO. Gentlemen, please go ahead.
Florent Menegaux - Compagnie Générale des Ãtablissements Michelin-CEO
Ladies and gentlemen, good evening. Thank you for joining us for this semester result meeting. Let us review our main highlights for the semester. So in a summary, in a very difficult environment, segment operating income rose by 8% to EUR 1.4 billion, led by a robust price mix, a competitiveness plan that is yielding interesting fruits and by our acquisitions.
So if we come back to the main activities, the markets have been weaker than what we had anticipated and our volumes, therefore, have declined by 0.9%. Within particular: passenger car market positions have been maintained in markets down 2% due to the fall off of original equipment demand; stable volumes in truck tires in a market that is down 1%,
Half Year 2019 Compagnie Generale des Etablissements Michelin SCA Earnings Call Transcript
Feb 14, 2024
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