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Copper, steel, plastics, rubber … the prices of these commodities have soared past 18 months, which resulted in the interim just released industrial societies. Friday morning, Michelin amounted to EUR 848 million impact on operating results of the surge in raw materials. "In addition to the increase of raw materials, it is mainly the rate of progression is amazing," For its part, said Jean-Pascal Tricoire, CEO of Schneider Electric. The electrical equipment manufacturer estimates that 214 million impact of the increase in its interim financial statements. The group had prepared a budget assuming 250 million negative impact on the entire year. He has now revised to 400 million euros.

Earlier this week, the players in the automotive industry had reported on this subject.Again, the sums involved are substantial: 366 million euros from 313 million to PSA or Renault. Among suppliers, Valeo was most affected (90 million euros) and Faurecia (29 million). These additional charges weighed on profits of certain companies. The Lafarge cement records such as a decline in operating income by 14% while its German rival Heidelberg Cement sees his fall by 6%. But the disappointments are not general.

Difficult to anticipate price movements

In automotive, Renault and Valeo and reassured. The increase in volumes and reduction of administrative costs have enabled Valeo to improve its operating margin by 0 bad credit payday advance.4 percentage points. "This is the best first half in 13 years", was also commended Aschenbroich Jacques, CEO of automotive supplier.

Alternatively, the price increases of its products."We are determined to continue to p asser price increases to offset these increases records of raw materials", explained Jean-Dominique Senard, co-manager of Michelin. The first half of the tire manufacturer shows the success of this strategy. The price changes have made it possible to reap 842 million euros in additional operating income, offsetting the burden almost completely to raw materials.

Have the ability to accept price increases from its customers is a real asset. It is also necessary to succeed in the future development of raw materials. This explains the difference between the results of both electrical equipment Schneider and Legrand."Schneider was unable to offset the impact of unfavorable commodity, unlike Legrand has announced that it had managed to preserve its margin with two increases in its selling prices since early 2011," analysts said CM-CIC Securities.

Jean-Pascal Tricoire considers however that this is only a time lag. One of the objectives of Schneider on the end of the year and to increase its selling price.