Business description: Michelin (CGDE)

Compagnie Générale des Etablissements Michelin is one of the world leaders in manufacturing and marketing of tires. Net sales break down by activity as follows:

- sale and distribution of tires: mainly replacement tires, long-distance transport tires, specialty tires (for agricultural and civil engineering machinery, aircraft, etc.) and original equipment tires for passenger cars and two-wheels;

- development of connected solutions: offers adapted to the new economic, human and environmental challenges of fleet managers and other public or private mobility players, offers to accompany travel and journeys (Michelin and Robert Parker gastronomic guides, tourist guides and applications such as ViaMichelin);

- development of polymer composite solutions: high-tech solutions in the fields of seals, belts and technical fabrics, developed thanks to Michelin's unique expertise in the physics and chemistry of materials, and aimed at a variety of sectors such as mobility, construction, aeronautics, low-carbon energies and healthcare.

Net sales are distributed geographically as follows: France (9.8%), Europe (27.3%), Mexico and North America (36.7%) and other (26.2%).

Number of employees: 117,495

Sales by Activity: Michelin (CGDE)

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Automotive, Two-wheel and Related Distribution

12B 14.14B 14.34B 14.67B 14.31B

Road Transportion and Related Distribution

6.23B 7.46B 6.98B 6.6B 6.02B

Specialty Business and Related Distribution

5.56B 6.99B 7.03B 5.93B 5.66B

Geographical breakdown of sales: Michelin (CGDE)

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

United States of America

6.71B 8.74B 8.88B 8.83B 8.02B

Europe (Excluding France)

6.95B 7.66B 7.39B 7.21B 7.07B

Other

6.39B 7.53B 7.35B 6.92B 6.82B

France

2.07B 2.48B 2.5B 2.57B 2.56B

North America (Excl. United States)

1.68B 2.18B 2.22B 1.67B 1.52B

Executive Committee: Michelin (CGDE)

Manager TitleAgeSince
Chief Executive Officer 63 16/05/2019
Director of Finance/CFO 64 30/06/2019
Chief Tech/Sci/R&D Officer - 24/03/2019
Investor Relations Contact - 28/02/2022
Sales & Marketing - 07/09/2025

Composition of the Board of Directors: Michelin (CGDE)

Director TitleAgeSince
Chairman 68 20/05/2021
Director/Board Member 74 16/05/2013
Director/Board Member 66 16/05/2013
Director/Board Member 71 30/09/2015
Director/Board Member 64 21/05/2015
Director/Board Member 63 17/05/2018
Director/Board Member 68 11/11/2020
Director/Board Member 44 13/12/2020
Director/Board Member 51 13/12/2020
Director/Board Member 69 31/05/2020

Shareholders: Michelin (CGDE)

NameEquities%Valuation
Mage Invest SAS
4.41 %
30,323,047 4.41 % 1 097 M €
Goldman Sachs Asset Management BV
0.4077 %
2,803,349 0.4077 % 101 M €
Fineco Asset Management DAC
0.2439 %
1,676,825 0.2439 % 61 M €
Aristotle Capital Management LLC
0.21 %
1,444,009 0.21 % 52 M €
OFI Invest Asset Management SA
0.1602 %
1,101,281 0.1602 % 40 M €
NameEquities%Valuation
Aristotle Capital Management LLC
0.3152 %
4,334,015 0.3152 % 78 M €
Hantz Financial Services, Inc.
0.008164 %
112,272 0.008164 % 2 M €
Albert D. Mason, Inc.
0.003026 %
41,616 0.003026 % 752 750 €
RhumbLine Advisers LP
0.002199 %
30,238 0.002199 % 546 945 €
GAMMA Investing LLC
0.000389 %
5,346 0.000389 % 96 698 €

Holdings: Michelin (CGDE)

NameEquities%Valuation
9,180,060,823 99.97% 3 649 M $
348,480,000 10% 24 M $
519,742 3.07% 4 M $

Company details: Michelin (CGDE)

Compagnie Générale des Établissements Michelin SCA

23, place des Carmes-Déchaux

63000, Clermont-Ferrand

+33 4 73 32 20 00

http://www.michelin.com
address Michelin (CGDE)(ML)

Group companies: Michelin (CGDE)

NameCategory and Sector
Industrial Machinery
Miscellaneous Manufacturing
Industrial Machinery
Department Stores
Chemicals: Specialty

Other Tires & Rubber Products

Change 5d. change 1-year change 3-years change Capi.($)
-1.32%-1.63%-9.22%+7.15% 24.87B
-0.96%+3.14%+11.89%+20.21% 26.77B
+1.95%+2.28%+93.32%+121.18% 6.56B
+0.40%-3.13% - - 6.12B
-0.77%-6.89%+1.02%+29.47% 5.94B
+4.28%+5.74%+34.34%+133.75% 5.73B
-0.88%-1.55%+35.61%+128.66% 3.7B
+1.56%+0.49%+8.13%+57.66% 3.39B
-4.47%+6.04%+375.89%+317.45% 2.47B
-3.02%-4.05%+29.43%+12.08% 2.21B
Average -0.32%+0.50%+64.49%+91.96% 8.78B
Weighted average by Cap. -0.44%+0.71%+25.20%+48.24%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
31.32EUR
Average target price
33.09EUR
Spread / Average Target
+5.66%

Quarterly revenue - Rate of surprise

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