How are you expecting Iran and oil prices to impact earnings?
Francine Lacqua
Christian Kotz
Potential impact on raw material costs as tires are crude-oil based. Also uncertainty could impact economic sentiment.
Will you have to raise prices in H2 due to Middle East?
Francine Lacqua
Christian Kotz
Long lead time between crude oil price and production costs. Supply/demand balance also uncertain. Confident can handle challenges as in past.
How long does conflict have to last to force price pass-through?
Francine Lacqua
Christian Kotz
Longer duration and escalation ? stronger impact on oil prices ? stronger impact on raw materials. Way too early to tell quantified lead time.