Michelin confirms its 2019 guidance as first quarter sales rise
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PARIS (Reuters) - Michelin reported higher first quarter sales, helped by its recent acquisitions of the Camso and Fenner businesses, and the French tyre maker stuck to its 2019 financial guidance for a rise in annual, underlying profits.Sales rose 11.3 percent from a year earlier to 5.81 billion euros (£5.03 billion), broadly in line with forecasts by InFront Data which had an average estimate for sales of 5.82 billion.Michelin confirmed its 2019 targets for volume growth in line with global..