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Michelin sales rise as pricing defies slump
October 22, 2012 / 4:01 PM / in 5 years

Michelin sales rise as pricing defies slump

PARIS, Oct 22 (Reuters) - French tyre maker Michelin said revenue rose 5.7 percent in the third quarter as buoyant pricing and currency effects helped to offset a decline in sales volumes.

Revenue rose to 5.44 billion euros ($7.11 billion) in the three months ended Sept. 30 from 5.14 billion a year earlier, the company said in a statement on Monday. ($1 = 0.7651 euros) (Reporting by Laurence Frost; Editing by James Regan)

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