Performance of the world's top 12 tire and rubber enterprises in the first quarter of 2020

Performance of the world's top 12 tire and rubber enterprises in the first quarter of 2020

    Bridgestone reported first quarter results for 2020, with revenue of 752.2 billion yen (about $7.02 billion), compared with 848.2 billion yen a year earlier. The operating profit was 49.8 billion yen, up from 82.1 billion yen in the same period of last year. The net profit was 19.5 billion yen, up from 55.8 billion yen in the same period of last year.
    Michelin announced sales results for the first quarter of 2020. Total group sales amounted to 5.327 billion euro (about US $5.76 billion), which was 8.3% lower than that of 5.808 billion euro in the same period of last year. The group's sales volume decreased by 11.7% year-on-year, including a 21% decrease in March.
    Continental AG reports first quarter results for 2020. Sales for the quarter were 9.8 billion euros, down 10.9% from 11 billion euros in the same period last year. Adjusted EBIT fell to 432 million euros, compared with 884 million euros a year earlier. Among them, the sales volume of rubber technology sub group reached 4 billion euro (about 4.33 billion US dollars), which was 4.4 billion euro in the same period of last year.
    Goodyear Tire & Rubber reports first quarter results for 2020. Net sales for the quarter were $3.056 billion, up from $3.598 billion a year earlier. The net loss in the quarter was $619 million, compared with $61 million in the same period of the previous year.
    Sumitomo rubber industries announced its first quarter 2020 results. Revenue for the quarter was 190.8 billion yen (about US $1.78 billion), down 9.7% from 21.3 billion yen in the same period of last year. Operating profit in the quarter was 2.58 billion yen, down 54.7% from 5.68 billion yen in the same period of last year. The net loss in the quarter was 3.4 billion yen, and the net profit in the same period of last year was 2.86 billion yen.
    Hankook Tire Co. announced its first quarter results for 2020. Sales in the quarter were 1435.7 billion won (about $1.2 billion), compared with 164.4 billion won in the same period of last year. The operating profit in the quarter was 105.8 billion won, compared with 140.6 billion won in the same period of last year.
    Yokohama Rubber Co., Ltd. reported first quarter results for 2020, with sales revenue of 129.1 billion yen (about $1.2 billion), compared with 1495.5 billion yen in the same period of last year. The operating profit was 1.24 billion yen, up from 12.9 billion yen in the same period of last year. The net loss was 258 million yen and the net profit was 9.1 billion yen in the same period of last year.
    Pirelli & C. S.p.A announce sales results for the first quarter of 2020. Total revenue for the quarter was 1.052 billion euros (about $1.14 billion), down 20% from 1.314 billion euros in the same period last year. Adjusted EBITDA profit for the quarter was 244 million euros, down 24% from 316 million euros in the same period of the previous year.
    Toyo Tire Corporation Net sales of 82.1 billion yen (about $766 million) were announced in the first quarter of 2020, compared with 90.1 billion yen in the same period of last year. The operating profit was 6.9 billion yen, up from 10.2 billion yen in the same period of last year. Net profit was 2.1 billion yen, up from 5.6 billion yen in the same period of last year.
    Maxxis International First quarter 2020 results are announced. The operating revenue of the quarter was NT $19.55 billion (US $654 million), up from 26.8 billion in the same period of the previous year. The operating profit in the quarter was 99.87 million yuan, compared with 167 million yuan in the same period of last year. The net loss of this period was 1.98 billion yuan, and the net profit of the same period of last year was 1.05 billion yuan.
    Cooper Tire & Rubber first quarter 2020 results are announced. Net sales for the quarter were $532 million, up from $619 million a year earlier. The operating loss was $6 million in the quarter, and the operating profit was $26 million in the same period of the previous year.
    Linglong tire (21.040, 0.48, 2.33%) in the first quarter of 2020, the company's operating revenue was 3.582 billion yuan (about US $504 million), a year-on-year decrease of 11.22%; the net profit attributable to shareholders of the listed company was 372 million yuan, with a year-on-year increase of 30.46%.