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Compagnie Generale des Etablissements Michelin SCA Confirms FY 2012 Guidance


Wednesday, 19 Sep 2012 02:46am EDT 

Compagnie Generale des Etablissements Michelin SCA announced that it has confirmed its objective of its guidance for full-year 2012, an increase in operating income before non-recurring items, with a 3% to 5% expected decrease in full-year sales volume, and free cash flow of around EUR 300 million and EUR 400 million before the impact of the sale of a property complex in Paris. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2012 operating profit of EUR 2,450.67 million. 

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