Jean-Dominique Senard, tyre maker Michelin Chief Executive Officer, gestures as he speaks during the company's 2013 annual results presentation in Paris, February 11, 2014. Michelin has predicted a 3 ... more 
Jean-Dominique Senard, tyre maker Michelin Chief Executive Officer, gestures as he speaks during the company's 2013 annual results presentation in Paris, February 11, 2014. Michelin has predicted a 3 percent rise in sales this year as it pushes ahead with an expansion into emerging markets, despite reporting a sharp drop in sales and profits in 2013 due to pricing pressures and unfavourable exchange rates. The company reported a worse than expected 24 percent fall in net profits to 1.13 billion euros ($1.5 billion) on revenue down 5.7 percent at 20.25 billion euros in an "uneven market environment", the company said on Tuesday, but increased its dividend by 4 percent. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS TRANSPORT) less 
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Reuters | Photo By CHARLES PLATIAU / REUTERS
Tue, Feb 11, 2014 4:59 AM EST