Michelin has reported sales of €19.3 billion for the first nine months of 2025, down 4.4 per cent year-on-year, as the Group faced a more challenging economic environment than anticipated during the third quarter. A combination of weaker Original Equipment (OE) demand in Europe and North America and rising competition from low-cost imports weighed on overall performance, prompting the company to revise its financial guidance for 2025 and 2026.
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