Michelin (CGDE)

ML

FR001400AJ45

Tires & Rubber Products

Market Closed - Euronext Paris Other stock markets 11:35:11 2024-04-25 am EDT			5-day change	1st Jan Change
35.84 ^EUR	-0.42%		+2.40%	+10.41%

Apr. 25	MICHELIN : UBS maintains a Buy rating	ZD
Apr. 25	Dpa-AFX Overview: COMPANIES from 25.04.2024 - 15:15	DP

Michelin : Tyre maker Michelin to close French site that has 619 staff

October 10, 2019 at 05:31 am EDT

PARIS (Reuters) - French tyre maker Michelin said on Thursday it would close down a site in the town of La Roche-sur-Yon, which has 619 staff, as the auto industry grapples with tough market conditions.

The closure of the site at La Roche-sur-Yon comes after Michelin announced in September plans to close down a plant in Bamburg, Germany.

(Reporting by Sudip Kar-Gupta; Editing by Jon Boyle)

Latest news about Michelin (CGDE)

MICHELIN : UBS maintains a Buy rating	Apr. 25	ZD
Dpa-AFX Overview: COMPANIES from 25.04.2024 - 15:15	Apr. 25	DP
MICHELIN : Deutsche Bank keeps its Buy rating	Apr. 25	ZD
MICHELIN : Solid Q1 results weighed down by lower volumes and FX headwinds	Apr. 25
Oddo BHF Lifts Michelin PT, Keeps Outperform Rating	Apr. 25	MT
MICHELIN : Barclays reiterates its Sell rating	Apr. 25	ZD
MICHELIN : price target raised by Oddo BHF	Apr. 25	CF
MICHELIN : Goldman Sachs keeps its Buy rating	Apr. 25	ZD
EMEA Morning Briefing : Shares Seen Lower; Earnings, U.S. GDP Data in Focus	Apr. 25	DJ
News Highlights : Top Company News of the Day - Wednesday at 11 PM ET	Apr. 24	DJ
News Highlights : Top Company News of the Day - Wednesday at 9 PM ET	Apr. 24	DJ
Industrials Decline After Mixed Earnings -- Industrials Roundup	Apr. 24	DJ
News Highlights : Top Company News of the Day - Wednesday at 3 PM ET	Apr. 24	DJ
MICHELIN : Jefferies remains a Sell rating	Apr. 24	ZD
MICHELIN : JP Morgan reaffirms its Neutral rating	Apr. 24	ZD
News Highlights : Top Company News of the Day - Wednesday at 1 PM ET	Apr. 24	DJ
Transcript : Compagnie Générale des Établissements Michelin Société en commandite par actions, Q1 2024 Sales/ Trading Statement Call, Apr 24, 2024	Apr. 24
Michelin: sales down, forecasts unchanged	Apr. 24	CF
Michelin's first-quarter sales fall on weak volumes	Apr. 24	RE
MICHELIN : Receives a Sell rating from Jefferies	Apr. 22	ZD
Morgan Stanley Keeps Michelin at Overweight on Margin Resilience, Potential Cash Returns	Apr. 18	MT
Michelin Files Appeal Against EU Raids Over Alleged Price-Fixing	Apr. 17	MT
European Equities Close Sharply Lower in Tuesday Trading; IMF Cuts Growth Forecast for Euro Area, EU	Apr. 16	MT
MICHELIN : Deutsche Bank reaffirms its Buy rating	Apr. 11	ZD
MICHELIN : UBS maintains a Buy rating	Apr. 10	ZD

Chart Michelin (CGDE)

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Company Profile

Compagnie Générale des Etablissements Michelin is one of the world leaders in manufacturing and marketing of tires. The products are mainly sold under the Michelin, BFGoodrich, Kleber, Uniroyal and Taurus brands. Net sales break down by activity as follows: - sale and distribution of tires (75.2%): tires for light vehicles (67.3% of net sales) and heavy trucks (32.7%). The group also offers services and solutions to improve the efficiency of transportation; - other (24.8%): sale of specialty tires for agricultural and civil engineering machines, two-wheeled vehicles, and aircraft. In addition, Michelin offers solutions to support travels and trips (road maps and gastronomic and tour guides, ViaMichelin, Tablet and Robert Parker) and develops high-tech materials for many fields. Net sales are distributed geographically as follows: France (8.8%), Europe (26.1%), North America (39.2%) and other (25.9%).

Sector

Tires & Rubber Products

Calendar

2024-05-17 - Annual General Meeting

Related indices

CAC 40 , STOXX EUROPE 600 (EUR)

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Income Statement Evolution

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Analysis / Opinion

MICHELIN : Solid Q1 results weighed down by lower volumes and FX headwinds

April 25, 2024 at 08:38 am EDT

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Ratings for Michelin (CGDE)

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

35.84 EUR

Average target price

35.17 EUR

Spread / Average Target

-1.88%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Tires & Rubber Products

	1st Jan change	Capi.
MICHELIN (CGDE)	+10.41%	27.5B
BRIDGESTONE CORPORATION	+14.91%	29.85B
SAILUN GROUP CO., LTD.	+40.26%	7.33B
THE YOKOHAMA RUBBER CO., LTD.	+21.47%	4.16B
THE GOODYEAR TIRE & RUBBER COMPANY	-18.02%	3.39B
DÄTWYLER HOLDING AG	-9.63%	3.26B
SUMITOMO RUBBER INDUSTRIES, LTD.	+20.23%	3.23B
VIETNAM RUBBER INDUSTRY GROUP -	+38.68%	3.22B
TOYO TIRE CORPORATION	+19.32%	2.87B
KUMHO PETRO CHEMICAL CO.,LTD	-2.03%	2.18B

Other Tires & Rubber Products

Michelin (CGDE)

Equities

ML

FR001400AJ45

Tires & Rubber Products

Michelin : Tyre maker Michelin to close French site that has 619 staff

EPS Revisions