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Michelin eyes solid 21 results after robust Q1 performance Michelin eyes solid 21 results after robust Q1 performance Print CLERMONT-FERRAND, France After reporting a robust performance in the quarter ended March 31, Group Michelin is forecasting solid growth throughout fiscal 2021, even in the face of a highly uncertain environment as the global health crisis continues to unfold. Michelin reported 8.3% higher sales in the quarter ended March 31 of $6.63 billion, despite the disruptions from the COVID-19 pandemic and a certain amount of disorganization in the supply chain. Consumer and commercial tire markets experienced significant improvements year-on-year, rising by 9% and 20%, respectively, Michelin reported. . In unit volume terms, the company registered 7.5% growth year-over-year, an increase that contributed nearly $490 million to the sales growth.

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