Sina Automotive News Recently, the world’s tire technology leader Michelin Group announced: The Group’s net sales revenue for the first quarter of 2006 reached 3.98 billion euros, an increase of 370 million euros compared with the same period in 2005, an increase of 10.2%. At the same time, sales increased by 74 million euros, an increase of 2.0%.
Compared with the same period last year, all business units of the Group performed well. Among which, net sales income of car light truck tires and their related distribution networks increased by 11.7%, net sales of truck and bus tires and related distribution networks increased by 10.6%, aircraft tires, construction machinery tires, agricultural tires, two-wheel tires, maps and travel guides. Other businesses such as the ViaMichelin website and Michelin Fashion Products have also achieved a 3.6% improvement.
In the Asian market, Michelin's business is still booming and continues to be a force in the development of the global market. In the first quarter of 2006, the Group’s growth in the Asian market was outstanding, particularly in the original tire market for truck and passenger car tyres and car light truck tires. Michelin achieved growth rates of 20.0% and 10.4% respectively; the above two types of tyres were replaced The same performance in the fetal market was impressive, achieving growth rates of 8.0% and 5.0% respectively.
It is worth noting that the Chinese market once again became the biggest bright spot in the first quarter. Thanks to the rapid development of the Chinese economy, the net sales revenue of the light truck tire market for the first quarter of the year successfully maintained a double-digit growth rate. On the other hand, the rapid development of the Chinese truck and passenger car tire market has greatly improved and has driven the development of the entire Asian market. With the meridianization of card passenger car tires being steadily promoted in China (it is estimated that by the end of 2006, the mid-life rate of China's card and passenger car will reach 26%), Michelin's replacement tire market has achieved satisfactory results in the first quarter. In terms of the original tire market, following the first cooperation in November last year, Michelin and Beijing also signed a supply cooperation agreement for the second batch of original bus tires. In addition, in March 2006, Michelin launched a heavy service in China to promote the mobility and safety of China's roads - "Go with you" and continue to lead the industry in innovation. .
In the first quarter, the Michelin Group’s financial performance continued to increase significantly, despite the fact that raw material prices still rose sharply by 15%. Looking into the future, based on the good performance, the Group is confident that it will continue to maintain its leading edge. With its high productivity and strict cost control, it will overcome the adverse effects of rising raw material prices and continue to provide consumers with satisfactory products and services. â€
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