In August, global tire giants released financial reports for the first half of 2013. Despite the ups and downs of the data, all companies are optimistic about the market conditions in the second half of the year and have made predictions on the annual results. French Michelin Group: Business decline On August 1, 2013, Michelin released its financial report for the first half of the year and the overall data appeared to be "not too pretty." Affected by sluggish sales in the first quarter, Michelin's overall sales revenue fell by 5.1% year-on-year to 101.59 billion euros. Coupled with lower tire prices, net profit fell 44.6% to 507 million euros, and net profit margin fell to 5%. In the first half of the year, sales of Michelin tires fell by 1.5%. Among them, the sales volume in the first quarter decreased significantly year-on-year, falling by 4.3%; in the second quarter, it benefited from the recovery of demand in Europe and the United States, and the sales volume was positive year-on-year, an increase of 1.2%. From the perspective of market segments, in the first half of the year, net sales of Michelin passenger car and light truck tires and related distribution businesses totaled 5.321 billion euros, a year-on-year decline. According to the analysis, this is due to the impact of the implementation of targeted price repositioning. In addition, it is also affected by contract price adjustment and sales volume decline. Net sales of trucks and related distribution businesses were Euro 3.121 billion, which also showed a slight decrease from the same period of last year. On the one hand, prices were lowered due to the drop in raw material prices; on the other hand, the unfavorable currency effect and sales volume of the original tire/replacement tire sales mix were also reduced. one of the reasons. In addition, due to price adjustments, volume declines and unfavorable currency effects, net sales of the specialty tires business declined by 11.3% to 1.717 billion euros. Although "slump" became the "main theme" in the first half of the year, Michelin CEO Sennard continued to express: "Michelin's performance in the first half of the year is in line with the 2013 target." And given further recovery in European and American market sales, Michelin expects the Group to hold the second half of the year. Sales will be better than in the first half of the year, while the drop in raw material costs will offset the impact of tire unit prices, and profit levels are expected to rebound in the second half of the year. Continental Group: Reduced Profitability According to data released by the Continental Group recently, in the first half of 2013, the Group’s sales exceeded 16.5 billion Euros, up 0.4% year-on-year; EBIT decreased by approximately 1.4% year-on-year to 1.6 billion Euros; the profit margin was 9.8% It was lower than the 10.0% for the same period in 2012; adjusted EBIT decreased by 4.2% from the same period in 2012 to nearly 1.8 billion euros. In the first half of the year, the auto group’s sales exceeded 10 billion euros, the adjusted profit margin was 7.8%, compared with 8.3% in the same period last year; the rubber group’s sales exceeded 6.5 billion euros, and the adjusted profit margin was 16.3% compared to last year. Flat over the same period. According to Almar Degenhardt, Chairman of the Executive Board of the Continental Group, the sales of the Continental Group will continue to show steady growth in the third quarter. It is expected that the growth of the Asian market and the North American Free Trade Area will gradually slow in the second half of this year. In addition, due to the weak demand in the tire market, the prices of natural rubber and synthetic rubber have shown a downward trend, and this year will reduce the financial burden of the Group to about 300 million euros. Continental Group recently established its target for the current fiscal year: Adjusted EBIT margin of more than 10%, and group sales rose to approximately 34 billion euros. Goodyear, USA: Record Revenue Goodyear’s first-half revenue reached US$730 million, a 16% increase year-on-year, setting a new record. According to the analysis, raw material product pricing and product mix effect brought about by the drop in raw material costs, contributed $250 million in revenue growth for Goodyear, in addition, the company contributed $73 million in revenue for inflation cost-saving initiatives. The increase completely offset the decrease in revenue due to increased costs, reduced sales, and exchange rate impact. According to Richard Claymer, Goodyear’s president and chief executive, the company expects tire sales in 2013 to be approximately the same as last year; this year, Goodyear’s global revenue may reach around US$1.5 billion, a record high. Among them, the continuous improvement of emerging markets and the stable recovery of mature markets will contribute 3%-5% of sales growth in the third quarter. Sumitomo Rubber Japan: Sales growth Sumitomo Rubber Industry has not yet officially released earnings data for the first half of this year, but the company had made predictions on revenue data for this year. According to Sumitomo Rubber's estimates, sales this year will reach US$7.62 billion, up 7% year-on-year, and operating and net profit will reach US$73.1 million and US$41 million, respectively, with year-on-year increases of 5% and 16% respectively. . Among the business units, sales of the tire business unit are expected to increase by 7% year-on-year to US$6.63 billion, and operating profit will increase by 5% year-on-year to US$661 million. According to the analysis, this forecast is mainly based on the growth in the demand for its overseas supporting market and replacement tire market. In contrast, the company's domestic matching and replacement tire market may experience a certain contraction. In addition, the growth of its tire business also benefits from the expansion of production capacity. In 2013, Sumitomo Rubber's global production capacity is expected to further increase by 4% to 51.6 million tons. Springfree Trampoline,Springless Trampoline,Elastic Bungee Trampoline,Trampolines Without Springs Jiangsu Baoxiang Sports Equipment Co., Ltd , https://www.skyboundus.com