French tire manufacturer Michelin
It confirmed a negative impact of about 1.8 billion euros ($2.59 billion) from high raw material prices this year and said previously announced or implemented price increases should offset it.
First half operating profit rose 18 percent to 971 million euros, while net sales in the first six months rose 21 percent to 10.1 billion euros.
German rival Continental
(Reporting by Helen Massy-Beresford; Editing by Christian Plumb)