Cost issues continue to weigh on tire sector results

摘要

UK: Rising costs took a significant toll on earnings of major tire makers in 201 7, with pressure on earnings also expected over the course of this year. Among the largest players, Michelin reported growth both however, in operating income and sales during 201 7, despite raw materials headwinds. According to the French tire-maker, a ?738-million negative impact from higher raw materials costs was "almost entirely" covered by the management of the price mix.