Analysts Expect 41% Michelin Increase

(Staffordshire, U.K./Tyres & Accessories) Financial analysts have predicted that Groupe Michelin will give details of a 41% EBIT increase (to 910 million euros) when it publishes details of its first half results on July 27.

Published: July 25, 2007

According to the Deutsche Bank analysis, this corresponds to 10.8% of sales. Net debt is expected to be up by approximately 100 million euros compared with December.

“We expect a net profit of 465 million euros. Our estimates are, respectively, 6% and 7% above consensus,” the analysts commented, adding: “The second half should show a further improvement. However, we expect the positive pricing effect to be less significant in the second half.

“This is why after a 41% EBIT increase in the first half, we expect only 17% in the second half,” the report said. Michelin management is expected to point out that the high rate of profits growth cannot be extrapolated out to a full-year result.

Bartec TPMS adds Joe Miller to its field service team

Miller previously spent four years with Snap-on as an equipment specialist, and most recently with GPC/NAPA at the St. Louis company-owned auto parts stores.

By Christian Hinton

Published: April 25, 2024

Bartec TPMS has expanded its field service team by adding Joe Miller, who will cover the Midwest region. Based in St. Louis, MO, Bartec said Miller has been involved in the automotive industry his entire career. Miller spent four years with Snap-on as an equipment specialist, and most recently with GPC/NAPA at the St. Louis company-owned auto parts stores. Bartec said Miller brings a wealth of automotive aftermarket and T&E experience to its field service team.