Economics

Michelin Warns on China Virus After Cutting 2020 Profit Outlook

French tiremaker says China sales ‘likely’ lower in February
Profit is expected to decline this year compared with 2019

WATCH: CFO Yves Chapot discusses the impact of the coronavirus on sales in China.(Source: Bloomberg)

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By Gaspard Sebag

February 10, 2020 at 4:48 PM UTC

Updated on

February 11, 2020 at 9:01 AM UTC

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Michelin warned sales in China are expected to drop this month due to the coronavirus epidemic, adding to the gloomy market outlook that led Europe’s biggest tiremaker to slash its forecast for 2020 profit.