Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Michelin SCA    ML   FR0000121261

MICHELIN SCA

(ML)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Michelin to Set Up JV Focused on Sustainable Rubber

share with twitter share with LinkedIn share with facebook
09/12/2019 | 01:28am EDT

By Carlo Martuscelli

Compagnie Generale des Etablissements Michelin said Thursday that it is setting up a joint venture with Germany's Continental AG and France's SMAG to develop an application to map natural rubber sustainability practices.

Yesterday, Reuters reported that the Michelin would work with the other two companies to set up a venture to produce tires, citing a document published by Germany's competition watchdog. Continental is a manufacturer of automotive parts while SMAG develops software for agricultural businesses.

Michelin said Thursday that while the collaboration will go ahead, it won't be centered on tire production, but rather on rubber sustainability software.

Further information will be made public soon, Michelin said.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG 2.18% 89.24 Delayed Quote.-24.24%
MICHELIN SCA -0.48% 91.44 Real-time Quote.-15.78%
share with twitter share with LinkedIn share with facebook
All news about MICHELIN SCA
03:00aMICHELIN : NATIXIS – Credit Conference – Investor Presentation
PU
02:50aMICHELIN : Présentation investisseurs – NATIXIS – Conférence crédit
PU
09/23MICHELIN : Présentation investisseurs – DANSKE – Copenhague et Helsi..
PU
09/23MICHELIN : DANSKE – Copenhagen & Helsinki – Investor presentation
PU
09/19Alibaba and Tencent Kick the Tires on a New Idea -- Keeping China's Jalopies ..
DJ
09/17MICHELIN : JP Morgan keeps its Buy rating
MD
09/16MICHELIN : UBS keeps its Buy rating
MD
09/15MICHELIN : launches 'BIB'Action 2020', a global employee share ownership plan
AQ
09/14MICHELIN : launches “BIB'Action 2020”, a global employee share owner..
PU
09/14MICHELIN : Michelin launches “BIB'Action 2020”, a global employee sh..
AQ
More news
Financials
Sales 2020 20 239 M 23 551 M 23 551 M
Net income 2020 587 M 683 M 683 M
Net Debt 2020 5 008 M 5 828 M 5 828 M
P/E ratio 2020 28,1x
Yield 2020 2,16%
Capitalization 16 394 M 19 151 M 19 077 M
EV / Sales 2020 1,06x
EV / Sales 2021 0,92x
Nbr of Employees 118 400
Free-Float 94,0%
Chart MICHELIN SCA
Duration : Period :
Michelin SCA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MICHELIN SCA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 105,62 €
Last Close Price 91,88 €
Spread / Highest target 28,4%
Spread / Average Target 15,0%
Spread / Lowest Target -15,7%
EPS Revisions
Managers
NameTitle
Florent Menegaux Chief Executive Officer
Jean-Dominique Senard Chief Executive Officer & General Partner
Michel Rollier Chairman-Supervisory Board
Marc Henry Chief Financial Officer
Terry K. Gettys Executive Vice President-Research & Development
Sector and Competitors
1st jan.Capitalization (M$)
MICHELIN SCA-15.78%19 151
BRIDGESTONE CORPORATION-16.36%22 758
NOKIAN RENKAAT OYJ-10.11%3 726
TOYO TIRE CORPORATION8.95%2 508
SUMITOMO RUBBER INDUSTRIES, LTD.-28.50%2 387
THE YOKOHAMA RUBBER COMPANY, LIMITED-27.69%2 349