CLERMONT-FERRAND, France—Michelin has maintained its financial guidance for the year 2022, and it expects to see growth in markets despite a "highly uncertain environment."
The French group said it anticipated growth to be at the low end of the initially indicated ranges: 0-4 percent in passenger car and light truck tires, 3- 7 percent in truck tires (excluding China) and 6-10 percent in the specialty businesses.
Barring any increase in systemic impacts, Michelin said in an April 26 news release that it expected full-year segment operating income to exceed $3.37 billion (€3.2 billion), compared to $3.06 billion reported last year.