Michelin couv courteGB
Michelin couv courteGB
Michelin couv courteGB
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Key figures<br />
2004 Net Sales<br />
by business segment<br />
15,396<br />
Passenger<br />
Car-Light Truck 48% - 0.5 pt*<br />
15,775<br />
15,645<br />
00 01 02 03 04<br />
Net sales<br />
in EUR million<br />
Strategy Fundamentals Businesses • Earnings 14•15<br />
15,370<br />
15,689<br />
2004 Net Sales<br />
by region<br />
Key figures<br />
The 2004 accounts and their comparison with previous years are presented<br />
in accordance with French accounting standards, as in previous years.<br />
In 2005, the mandatory changeover to International Financial Reporting<br />
Standards will impact the Group’s accounts in different ways.<br />
In addition, <strong>Michelin</strong> is adopting a new presentation for its sector-based<br />
information from January 1, 2005 so as to better reflect its industrial<br />
and commercial organization.<br />
These changes are explained in the bookmark included<br />
in the 2004 Corporate Report and are set out in detail on<br />
www.michelin.com/corporate.<br />
Truck 27% + 1.2 pt*<br />
Other businesses 25% + 6.6 pts*<br />
<strong>Michelin</strong> strives to strengthen its<br />
presence in other regions.<br />
* FY 2004/2003 Change<br />
** Western and Eastern<br />
*** United States, Canada, Mexico.<br />
Net sales rose 2.1%, up 6% at constant<br />
exchange rates and scope.<br />
This growth came on the back of a 2.7%<br />
increase in volumes as well as a strong<br />
3.2% price-mix effect, reflecting<br />
the quality of the Group’s sales.<br />
Europe** 53% + 0.7 pt *<br />
North America*** 33% -- 1.6 pt *<br />
Other countries 14% + 0.8 pt *
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