PARIS (Reuters) -- Michelin may miss its goal for an improvement in sales volume of 3 percent this year on weak European and emerging markets, the French daily Les Echos reported.
"The [3 percent] target is more difficult to reach in view of current market evolution," finance chief Marc Henry was quoted as saying in the report.
Europe was not growing while Brazil was very weak but North America and China were still delivering "good performances," Henry said, according to Les Echos.
Michelin could not be immediately reached for comment.
In July, Michelin said first-half net profit rose 13 percent to 624 million euros despite a fall in revenue, as lower raw material costs outweighed adverse currency effects, price cuts and slowing demand for big tires.
Michelin Group ranks No. 94 on the Automotive News Europe list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $1.6 billion in 2013.