International Journal of Advanced Sport Sciences Research

ASSR is an open access journal, aims at rapid publication of concise research papers of a broad interest in Physical education fields. Subject areas include all the current fields of interest represented by the Committees of the Design Scientific Renaissance. ASSR welcomes papers and articles in sport and physical education, fields of ASSR includes but not limited to: sport for all; Exercise physiology; Moths of training and coaching;Sport’s performance and analysis

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Journal of Advanced Computer Science and Technology Research

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Journal of Advanced Laser and Optics Research

JALOR aims at rapid publication of concise research papers of a broad interest in laser and optics fields. Subject areas include all the current fields of interest represented by the Committees of the Design Scientific Renaissance. JALOR accepts papers and articles in fields, including but not limited to the following: Actuator; Detectors; Ferroelectric And Ferromagnetic Materials; Filters; Holography; Laser Accessories And Optics

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Journal of Advanced Medical Research

Journal of Advanced Medical Research (JAMR) is an open access journal, provides rapid publication of various articles in the fields of Medical, Dentistry, Pharmacy, Comparative Veterinary and Medical sciences, and related disciplines. JAMR seeks to publish experimental and theoretical research results of outstanding significance in the form of original articles, reviews, case reports, short reports, or letters to the editor.

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Journal of Advanced Science and Engineering Research

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Journal of Advanced Social Research

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Journal of Purity, Utility Reaction and Environment

JMMR aims at rapid publication of concise research papers of a broad interest in marketing fields. JMMR welcomes papers and articles in marketing fields, including but not limited to the following: Consumer behavior; CRM; Customer Knowledge Management; Advertising economies; Consumer modeling; Marketing research; Interactive marke

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Journal of Purity, Utility Reaction and Environment

The Journal of Purity, Utility Reaction & ENVIRONMENT focuses upon six aspects of chemical engineering: chemical reaction engineering, environment chemical engineering, and materials synthesis and processing, catalyst surface reaction, optimization and control.

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Michelin's net profit hit by Russia exit, but guidance confirmed

by Azucena Loughman (2022-10-08)


By Dagmarah Mackos and Augustin Turpin

July 26 (Reuters) - French tyre maker Michelin on Tuesday posted half-year sales up 18.7%, but said the suspension of its operations in Russia hit net profit.

The first Western tyre maker to enter Russia in 2004, Michelin decided to hand over its activities there to a new entity under local management by the end of the year, after it said it became impossible to resume output amid growing supply chain problems resulting from Russia's invasion of Ukraine.

Net profit, which dropped to 843 million euros ($852 million) from 1.03 billion euros a year earlier, included an impairment loss of 202 million euros related to this.

The company, which makes tyres used in cars, aircraft, bicycles and industrial equipment, saw its sales increase to 13.29 billion euros in the six months to June, which it attributed to its premium positioning.

The tyre industry, still reeling from pandemic-related supply issues, turned to price increases to help offset surging inflation and the impact of Western sanctions on Russia.

Chief Financial Officer Yves Chapot told Reuters he expected to offset an expected inflation impact of around 2.4 billion euros over the year with price increases and sales of more expensive tyres.

Michelin said higher pricing led to a 1.4 billion euros boost over the first six months of the year, more than enough to outweigh higher costs such as for raw materials and logistics.

The group maintained its full-year guidance for segment operating income above 3.2 billion euros at constant exchange rates and structural free cash flow above 1.2 billion euros.

It also warned supply chain disruptions and inflation continued to dampen the outlook for 대형중고화물차매매 tyre market growth.

The performance of the passenger car and light truck markets is expected in a range of down 2% to up 2%, 중고트럭매매 while the truck market is seen growing 2-6%, 대형중고화물차매매 Michelin said.

($1 = 0.9871 euros) (Reporting by Dagmarah Mackos and Augustin Turpin Editing by Mark Potter)