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Friday May 16, 10:18 AM
Michelin confirms outlook for moderate sales growth in 2008

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PARIS (Thomson Financial) - French tire maker Michelin (Paris: FR0000121261 - news) still expects to post moderate sales growth this year
and an operating profit near the same level as in 2007, chief financial officer Jean-Dominique Senard said at the company's annual shareholder meeting.

Michelin made the forecast last month when it reported its first quarter sales.

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