ML.PA - Compagnie Generale des Etablissements Michelin

Paris - Paris Prix différé. Devise en EUR
88,50
+5,38 (+6,47 %)
À partir de 12:49PM CEST. Marché ouvert.
Le graphique des titres n’est pas pris en charge par votre navigateur actuel
Clôture précédente83,12
Ouverture85,02
Offre0,00 x 0
Vente0,00 x 0
Var. jour84,92 - 89,72
Sur 52 semaines68,00 - 119,50
Volume199 110
Volume moyen725 547
Cap. boursière15,806B
Bêta (mensuel sur 5 ans)S.O.
Rapport P/E (sur 12 mois)9,97
BPA (sur 12 mois)S.O.
Date de bénéfices10 févr. 2020
Dividende et rendement à termeS.O. (S.O.)
Date ex-dividendeS.O.
Objectif sur 1 an117,33
  • Globe Newswire

    Michelin : Déclaration des transactions sur actions propres - Période du 27 mars au 2 avril 2020

    PROGRAMME DE RACHAT DE TITRES(Programme adopté par l’assemblée générale mixte des actionnaires le 17 mai 2019)Déclaration des transactions sur actions propresPériode du 27 mars au 2 avril 2020Emetteur : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Catégories de titres : actions ordinaires (ISIN : FR 0000121261)Descriptif du programme publié le 7 janvier 2020Achats réalisés au cours de la période : 1   Date des transactions2   Nombre des titres achetés(*) 3   Prix moyens unitaires pondérés des transactions (en €)4   Montants des transactions (en €)5   Objectif du Rachat6   Marché   27/03/20  NEANT ----   30/03/20  NEANT ----   31/03/20  NEANT ----   01/04/20  NEANT ----   02/04/20  0  0  0  Annulation  Gré à gré Total des colonnes 2 et 4, et prix moyen unitaire pondéré des achats de la période (colonne 3)  0  0  0-- (*) Y compris les titres acquis par l’intermédiaire d’un produit dérivé, mais compte non tenu des opérations réalisées dans le cadre de l’exécution d’un contrat de liquidité.Pièce jointe * Modele FR declaration hebdo 06.04.2020

  • Globe Newswire

    Michelin:Disclosure of trading in own shares - Period from 27 March to 2 April 2020

    SECURITIES REPURCHASING PROGRAMME(Decided by the annual shareholders’ meeting of 17 May 2019)Disclosure of trading in own sharesPeriod from 27 March to 2 April 2020Issuer : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Types of securities: ordinary shares (ISIN : FR 0000121261)Full details of the programme disclosed on 7 January 2020Purchases effected during the period:1   Trading days2   Numbers of shares purchased (*) 3   Weighted average unit prices of transactions (in €)4   Amounts (in €)5   Purpose of redemption6   Market   27/03/20  NONE----   30/03/20  NONE----   31/03/20  NONE----   01/04/20  NONE----   02/04/20  0  0  0  Annulation  OTC Totals of columns 2 and 4, and weighted average unit price of purchases effected during the period (column 3)  0  0  0-  - (*) Shares purchased through a derivative instrument are included. Are excluded transactions carried out in connection with the execution of a contract to increase share market liquidity.Attachment * Modele EN declaration hebdo 06.04.2020

  • Globe Newswire

    Michelin: Michelin Group executives reduce their compensation

    Press Release Clermont-Ferrand – April 6, 2020 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN  Michelin Group executives reduce their compensation   The health crisis has caused a noticeable slowdown in the activities of the Michelin Group, which has led to some employees having to undergo partial unemployment measures. In this context, and as a demonstration of solidarity with the entire employee community, the Managing Partners, the Executive Committee, as well as the Chairman and independent members of the Supervisory Board are reducing their remuneration.Florent Menegaux and Yves Chapot, Managing Partners of the Michelin Group, have chosen to reduce their remuneration by around 25% for the months of April and May 2020.In addition, the members of the Group’s Executive Committee have voluntarily decided to reduce their remuneration by around 10% during the same period.These reductions will be continued as long as Group employees are in partial activity due to the Covid-19 health crisis.Florent Menegaux and Yves Chapot have also expressed their will to give up part of their 2019 variable compensation paid in 2020, once submitted to the vote of the shareholders at the annual general meeting to be held behind closed doors on June 23, 2020. Finally, the chairman of the Michelin Group Supervisory Board, Michel Rollier, and its independent members are joining this effort by donating 25% of their attendance fees received in 2020 to foundations in their respective countries, which are part of the fight against Covid-19.                                            Investor Relations   Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com  Media Relations   Hervé Erschler +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com Pascale Audibert   + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Individual Shareholders   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des marchés financiers, which are also available from the www.michelin.com website.               This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.Attachment * 20200406_Michelin_Michelin Group executives reduce their compensation_EN

  • Globe Newswire

    Michelin : Les dirigeants du groupe Michelin revoient leur rémunération à la baisse

    Communiqué de presse Clermont-Ferrand, le 6 avril 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN  Les dirigeants du groupe Michelin revoient leur rémunération à la baisse   La crise sanitaire provoque un ralentissement sensible de l’activité du groupe Michelin, qui conduit notamment une partie des salariés à subir des mesures de chômage partiel. Dans ce contexte, en manifestation de solidarité avec toute la communauté des salariés, les gérants, le Comité Éxécutif et le Conseil de Surveillance du groupe Michelin revoient à la baisse leur rémunération.Florent Menegaux et Yves Chapot, gérants du groupe Michelin, ont choisi de diminuer d’environ 25 % leur rémunération pour les mois d’avril et de mai 2020. Les membres du Comité Éxécutif du Groupe ont volontairement décidé de baisser leur rémunération d’environ 10 % pendant la même période. Cette baisse sera reconduite aussi longtemps que des salariés du Groupe se trouveront en situation d’activité partielle au motif de la crise sanitaire du Covid 19. Florent Menegaux et Yves Chapot ont également exprimé la volonté de renoncer à une partie de leur rémunération variable 2019 versée en 2020, une fois que celle-ci aura été soumise au vote des actionnaires lors de l’Assemblée générale qui se tiendra à huis clos le 23 juin 2020.Enfin, le président du Conseil de Surveillance du groupe Michelin, Michel Rollier, et ses membres indépendants s’associent à cet effort en faisant don de 25 % du montant de leurs jetons de présence reçus en 2020 à des fondations de leurs pays respectifs ayant pour objet la lutte contre le Covid 19.Relations Investisseurs   Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com   Relations Presse   Hervé Erschler +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com Pascale Audibert   + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Actionnaires individuels   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   AVERTISSEMENTCe communiqué de presse ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de titres Michelin. Si vous souhaitez obtenir des informations plus complètes concernant Michelin, nous vous invitons à vous reporter aux documents publics déposés en France auprès de l’Autorité des marchés financiers, également disponibles sur notre site Internet www.michelin.com.               Ce communiqué peut contenir certaines déclarations de nature prévisionnelle. Bien que la Société estime que ces déclarations reposent sur des hypothèses raisonnables à la date de publication du présent document, elles sont par nature soumises à des risques et incertitudes pouvant donner lieu à un écart entre les chiffres réels et ceux indiqués ou induits dans ces déclarations. Pièce jointe * 20200406_Michelin_modification de la remuneration Gerance

  • Globe Newswire

    Michelin: ERRATUM - Michelin will hold its Annual Shareholders Meeting behind closed doors on June 23, 2020 and is reducing the amount of the proposed 2019 dividend to €2 versus €3.85 initially

    Press Release Clermont-Ferrand – April 1, 2020 – 6 :00pmCOMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN  Michelin will hold its Annual Shareholders Meeting behind closed doors on June 23, 2020 and is reducing the amount of the proposed 2019 dividend to €2 versus €3.85 initially   In the current global health crisis, the Michelin Group has implemented all of the measures necessary for the health and safety of its employees and their loved ones.In response to social distancing measures and restrictions on movement, the Group will, exceptionally, hold its Annual Shareholders Meeting behind closed doors and without shareholders in physical attendance, at 9:00 am (CEST) on June 23, 2020(1). Shareholders may however follow the Meeting, which will be broadcast via video conference on the corporate website www.michelin.com, and are highly encouraged to vote remotely ahead of the Meeting. The rules concerning this Meeting will be detailed in the Notice of Meeting, which will be published shortly, and may also be consulted at www.michelin.com. In a commitment to optimally balance the interests of all its stakeholders, the Group has decided to reduce the amount of the proposed 2019 dividend to €2, compared with the initially announced €3.85, with payment scheduled for July 3, 2020.Since the beginning of the crisis, the Group has taken all of the initiatives required to attenuate as much as possible the negative impact of the crisis on segment operating income and free cash flow. The Group has the financing sources and mechanisms in place to deal with the uncertainty surrounding the crisis.(1)       This decision has been made in response to the current health crisis, in light of stepped up government measures requiring residents to stay indoors and public places to close. It is consistent with Article 4 of French government order No. 2020-321 dated March 25, 2020 on the adaptation of rules of assembly and deliberation.                                            Investor Relations   Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com  Media Relations   Hervé Erschler +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com Pascale Audibert   + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Individual Shareholders   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des marchés financiers, which are also available from the www.michelin.com website.               This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.Attachment * 20200401_Michelin_Annual Shareholders meeting behind close doors and dividend reduction_EN

  • Globe Newswire

    Michelin : ERRATUM - Michelin tiendra son Assemblée générale à huis clos le 23 juin 2020 et réduit le montant du dividende proposé sur le résultat de l’exercice 2019 à 2 € contre 3,85 € initialement

    Communiqué de presse Clermont-Ferrand, 1er avril 2020, 18h00COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN  Michelin tiendra son Assemblée générale à huis clos le 23 juin 2020 et réduit le montant du dividende proposé sur le résultat de l’exercice 2019 à 2 € contre 3,85 € initialement   Dans le contexte de crise sanitaire mondiale, le groupe Michelin a mis en œuvre toutes les dispositions nécessaires pour la santé et la sécurité de ses employés ainsi que de leurs proches.Prenant acte des mesures de restrictions de circulation et de regroupement de personnes, le Groupe tiendra son Assemblée générale mixte, le 23 juin 2020 à 9h, exceptionnellement à huis clos et sans la présence physique de ses actionnaires (1). Les actionnaires pourront toutefois suivre le déroulé de l’Assemblée générale qui sera retransmise par visio-conférence sur le site www.michelin.com , et seront vivement encouragés à voter à distance en amont de l’Assemblée générale. Les modalités relatives à la tenue de cette Assemblée seront détaillées dans l’avis de réunion à publier prochainement et seront également consultables sur le site www.michelin.com . Soucieux de trouver le meilleur équilibre entre les intérêts de l’ensemble de ses parties prenantes, le Groupe a décidé de réduire le dividende proposé au titre de l’exercice 2019 à 2€ contre 3,85€ annoncé initialement, avec un versement le 3 juillet 2020.Depuis le début de la crise, le Groupe prend toutes les mesures nécessaires afin de limiter au maximum l’impact négatif de celle-ci sur le résultat opérationnel des secteurs et le Cash-Flow Libre. Il dispose des moyens et des outils de financement qui lui permettent de faire face aux aléas de cette crise(1)       Cette décision s’inscrit dans le contexte sanitaire actuel, compte tenu du renforcement des mesures prises par les autorités concernant le confinement des personnes et la fermeture des établissements recevant du public. Elle est conforme à l’article 4 de l’Ordonnance n° 2020-321 du 25 mars 2020 portant adaptation des règles de réunion et de délibération des assemblées.Relations Investisseurs   Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com  Relations Presse   Hervé Erschler +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com Pascale Audibert   + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Actionnaires individuels   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   AVERTISSEMENTCe communiqué de presse ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de titres Michelin. Si vous souhaitez obtenir des informations plus complètes concernant Michelin, nous vous invitons à vous reporter aux documents publics déposés en France auprès de l’Autorité des marchés financiers, également disponibles sur notre site Internet www.michelin.com.               Ce communiqué peut contenir certaines déclarations de nature prévisionnelle. Bien que la Société estime que ces déclarations reposent sur des hypothèses raisonnables à la date de publication du présent document, elles sont par nature soumises à des risques et incertitudes pouvant donner lieu à un écart entre les chiffres réels et ceux indiqués ou induits dans ces déclarations.Pièce jointe * 20200401_Michelin_Assemblee generale a huis clos et reduction du dividende_FR

  • Globe Newswire

    Michelin: Disclosure of trading in own shares - Period from 20 to 26 March 2020

    SECURITIES REPURCHASING PROGRAMME(Decided by the annual shareholders’ meeting of 17 May 2019)Disclosure of trading in own sharesPeriod from 20 to 26 March 2020Issuer : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Types of securities: ordinary shares (ISIN : FR 0000121261)Full details of the programme disclosed on 7 January 2020Purchases effected during the period:1   Trading days2   Numbers of shares purchased (*) 3   Weighted average unit prices of transactions (in €)4   Amounts (in €)5   Purpose of redemption6   Market   20/03/20  NONE----   23/03/20  NONE----   24/03/20  NONE----   25/03/20  NONE----   26/03/20  23’479  76,0552  1’785’700,00  Annulation  OTC Totals of columns 2 and 4, and weighted average unit price of purchases effected during the period (column 3)  23’479  76,0552  1’785’700,00-  - (*) Shares purchased through a derivative instrument are included. Are excluded transactions carried out in connection with the execution of a contract to increase share market liquidity.Attachment * Modele EN declaration hebdo 30.03.2020

  • Globe Newswire

    Michelin : Déclaration des transactions sur actions propres - Période du 20 au 26 mars 2020

    PROGRAMME DE RACHAT DE TITRES(Programme adopté par l’assemblée générale mixte des actionnaires le 17 mai 2019)Déclaration des transactions sur actions propresPériode du 20 au 26 mars 2020Emetteur : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Catégories de titres : actions ordinaires (ISIN : FR 0000121261)Descriptif du programme publié le 7 janvier 2020Achats réalisés au cours de la période : 1   Date des transactions2   Nombre des titres achetés(*) 3   Prix moyens unitaires pondérés des transactions (en €)4   Montants des transactions (en €)5   Objectif du Rachat6   Marché   20/03/20  NEANT ----   23/03/20  NEANT ----   24/03/20  NEANT ----   25/03/20  NEANT ----   26/03/20  23’479  76,0552  1'785’700,00  Annulation  Gré à gré Total des colonnes 2 et 4, et prix moyen unitaire pondéré des achats de la période (colonne 3)  23’479  76,0552  1'785’700,00-- (*) Y compris les titres acquis par l’intermédiaire d’un produit dérivé, mais compte non tenu des opérations réalisées dans le cadre de l’exécution d’un contrat de liquidité.Pièce jointe * Modele FR declaration hebdo 30.03.2020

  • Globe Newswire

    Michelin: Disclosure of trading in own shares - Period from 13 to 19 March 2020

    SECURITIES REPURCHASING PROGRAMME(Decided by the annual shareholders’ meeting of 17 May 2019)Disclosure of trading in own sharesPeriod from 13 to 19 March 2020Issuer : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Types of securities: ordinary shares (ISIN : FR 0000121261)Full details of the programme disclosed on 7 January 2020Purchases effected during the period:1   Trading days2   Numbers of shares purchased (*) 3   Weighted average unit prices of transactions (in €)4   Amounts (in €)5   Purpose of redemption6   Market   13/03/20  NONE----   16/03/20  NONE----   17/03/20  NONE----   18/03/20  NONE----   19/03/20  23’697  75,3555  1’785’700,00  Annulation  OTC Totals of columns 2 and 4, and weighted average unit price of purchases effected during the period (column 3)  23’697  75,3555  1’785’700,00-  - (*) Shares purchased through a derivative instrument are included. Are excluded transactions carried out in connection with the execution of a contract to increase share market liquidity.Attachment * Modele EN declaration hebdo 23.03.2020

  • Globe Newswire

    Michelin : Crise sanitaire COVID-19 : Le Groupe Michelin prend acte de l’évolution des marchés et met en œuvre les mesures requises pour limiter les effets de cette crise systémique.

    Communiqué de presse Clermont-Ferrand, mercredi 18 mars 2020 – 18h10COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Crise sanitaire COVID-19 : Le Groupe Michelin prend acte de l’évolution des marchés et met en œuvre les mesures requises pour limiter les effets de cette crise systémique. Les marchés pneumatiques à fin février 2020, publiés ce jour par le groupe Michelin, montrent les premiers effets de la crise sanitaire liée au COVID-19, avec un marché Tourisme camionnette mondial en recul de 9% et un marché Poids lourd en baisse de 16%. Avant toute chose, le Groupe prend toutes les mesures requises pour protéger la santé de ses employés en lien avec les autorités de chaque pays où il est implanté. Le Groupe a pris la décision de fermer pour une durée d’une semaine minimum ses sites industriels situés dans les pays les plus touchés en Europe à ce jour par la pandémie.Le groupe Michelin, lors de la présentation de ses résultats 2019, a émis une guidance pour 2020 sous réserve des effets d’une crise systémique liée au COVID 19. L’économie mondiale étant entrée dans une phase de crise systémique, la guidance 2020 du Groupe s’en trouve remise en cause sans qu’il soit possible aujourd’hui d’en évaluer l’impact. Le Groupe prend toutes les mesures nécessaires afin de limiter au maximum les effets négatifs de cette crise sur le résultat opérationnel des secteurs et le Cash Flow Libre. Par ailleurs les outils de financement dont dispose le Groupe, lui permettent de faire face aux aléas de cette crise. Le Groupe mettra à jour sa prévision des marchés pneumatiques annuels à l’occasion de la publication de ses revenus du premier trimestre. La publication des marchés à fin février est consultable sur le lien suivant : https://www.michelin.com/finance/donnees-indicateurs/marches/ Relations Investisseurs   Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com  Relations Presse   Hervé Erschler +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com Pascale Audibert   + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Actionnaires individuels   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   AVERTISSEMENTCe communiqué de presse ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de titres Michelin. Si vous souhaitez obtenir des informations plus complètes concernant Michelin, nous vous invitons à vous reporter aux documents publics déposés en France auprès de l’Autorité des marchés financiers, également disponibles sur notre site Internet www.michelin.com.               Ce communiqué peut contenir certaines déclarations de nature prévisionnelle. Bien que la Société estime que ces déclarations reposent sur des hypothèses raisonnables à la date de publication du présent document, elles sont par nature soumises à des risques et incertitudes pouvant donner lieu à un écart entre les chiffres réels et ceux indiqués ou induits dans ces déclarations.                                                                                         Pièce jointe * 20200318_Michelin_Crise sanitaire Covid-19

  • Globe Newswire

    Michelin:COVID-19 Health Crisis: The Michelin Group is responding to prevailing market conditions and deploying the measures required to attenuate the impact of this systemic crisis

    Press Release Clermont-Ferrand – Wednesday, March 18, 2020 – 6:10pmCOMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN COVID-19 Health Crisis: The Michelin Group is responding to prevailing market conditions and deploying the measures required to attenuate the impact of this systemic crisis Tire market data as of end-February 2020, released today by the Michelin Group, show the initial impact of the COVID-19 public health crisis, with the global Passenger car and Light truck tire market down 9% year-on-year and the Truck tire market down 16%.First of all, the Group is taking all the measures required to safeguard the health of its employees, in close cooperation with local authorities in every host country. The Group has decided to close, for at least one week, its production facilities located in the European countries most affected so far by the pandemic.When presenting its 2019 results, the Group issued its guidance for 2020 excluding the systemic effects of the COVID-19 crisis. Now that the global economy is in the midst of a systemic crisis, the Group's 2020 guidance is no longer relevant, without any possibility at present of assessing the potential impact. The Group is taking all of the initiatives required to attenuate as much as possible the negative consequences of the crisis on segment operating income and free cash flow. In addition, the Group has the sources of financing in place to deal with the uncertainty surrounding the crisis. The Group will update its annual tire market forecast when it releases its first-quarter revenue figures. Tire market data publication as of end-February 2020 is available on the link bellow:https://www.michelin.com/en/finance/key-figures-and-indicators/markets/ Investor Relations   Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com  Media Relations   Hervé Erschler   +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com Pascale Audibert   + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Individual Shareholders   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des marchés financiers, which are also available from the www.michelin.com website.               This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.                                                                                         Attachment * 20200318_Michelin_Covid-19 Health Crisis

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    Michelin: Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital

    March 10th, 2020Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital (articles L.233-8 of the French Commercial Code and 223-16 of the General Reglementation of the Autorité des Marchés Financiers)Date Number of shares Total number of voting rights   2020/02/29   178,632,949   Number of theoretical voting rights: 240,592,480   Number of voting rights (excluding treasury shares): 240,481,335*   * Considering 111 145 treasury shares     COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN Partnership Limited by Shares (commandite par actions) having a capital of EUR 357,255,110 Registered in the CLERMONT-FERRAND Trade and companies register under number 855 200 887 Head office: 23, place des Carmes-Déchaux - 63000 Clermont-Ferrand, France                                                                                                                                                                                                                                                                                               March 10th, 2020Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital (articles L.233-8 of the French Commercial Code and 223-16 of the General Reglementation of the Autorité des Marchés Financiers)Date Number of shares Total number of voting rights   2020/02/29   178,632,949   Number of theoretical voting rights: 240,592,480   Number of voting rights (excluding treasury shares): 240,481,335*   * Considering 111 145 treasury shares     COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN Partnership Limited by Shares (commandite par actions) having a capital of EUR 357,255,110 Registered in the CLERMONT-FERRAND Trade and companies register under number 855 200 887 Head office: 23, place des Carmes-Déchaux - 63000 Clermont-Ferrand, France       Attachment * Declaration AMF EN 2020_02_29

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    Michelin : Déclaration du nombre total des droits de vote et du nombre d'actions composant le capital social

    10 mars 2020Déclaration du nombre total des droits de vote et du nombre d'actions composant le capital social(articles L.233-8 du Code de commerce et 223-16 du règlement général de l'Autorité des marchés financiers)DateNombre d'actionsNombre total de droits de vote   29/02/2020  178 632 949  Nombre de droits de vote théoriques : 240 592 480   Nombre de droits de vote exerçables : 240 481 335*   * Compte tenu de 111 145 actions en auto détentionCOMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Société en commandite par actions Au capital de € 357 255 110 855 200 887 R.C.S. CLERMONT-FERRAND Siège social : 23, place des Carmes-Déchaux - 63000 Clermont-FerrandPièce jointe * Declaration AMF FR 29_02_2020

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    Michelin: Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital

    March 10th, 2020Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital (articles L.233-8 of the French Commercial Code and 223-16 of the General Reglementation of the Autorité des Marchés Financiers)Date Number of shares Total number of voting rights   2020/02/29   178,632,949   Number of theoretical voting rights: 240,592,480   Number of voting rights (excluding treasury shares): 240,481,335*   * Considering 111 145 treasury shares     COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN Partnership Limited by Shares (commandite par actions) having a capital of EUR 357,255,110 Registered in the CLERMONT-FERRAND Trade and companies register under number 855 200 887 Head office: 23, place des Carmes-Déchaux - 63000 Clermont-Ferrand, France      Attachment * Declaration AMF EN 2020_02_29

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    Michelin : Déclaration des transactions sur actions propres - Période du 28 février au 5 mars 2020

    PROGRAMME DE RACHAT DE TITRES(Programme adopté par l’assemblée générale mixte des actionnaires le 17 mai 2019)Déclaration des transactions sur actions propresPériode du 28 février au 5 mars 2020Emetteur : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Catégories de titres : actions ordinaires (ISIN : FR 0000121261)Descriptif du programme publié le 7 janvier 2020Achats réalisés au cours de la période : 1   Date des transactions2   Nombre des titres achetés(*) 3   Prix moyens unitaires pondérés des transactions (en €)4   Montants des transactions (en €)5   Objectif du Rachat6   Marché   28/02/20  NEANT ----   02/03/20  NEANT ----   03/03/20  NEANT ----   04/03/20  NEANT ----   05/03/20  19’395  92,0701  1'785’700,00  Annulation  Gré à gré Total des colonnes 2 et 4, et prix moyen unitaire pondéré des achats de la période (colonne 3)  19’395  92,0701  1'785’700,00-- (*) Y compris les titres acquis par l’intermédiaire d’un produit dérivé, mais compte non tenu des opérations réalisées dans le cadre de l’exécution d’un contrat de liquidité.Pièce jointe * Modele FR declaration hebdo 09.03.2020

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    Michelin: Disclosure of trading in own shares - Period from 28 February to 5 March 2020

    SECURITIES REPURCHASING PROGRAMME(Decided by the annual shareholders’ meeting of 17 May 2019)Disclosure of trading in own sharesPeriod from 28 February to 5 March 2020Issuer : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Types of securities: ordinary shares (ISIN : FR 0000121261)Full details of the programme disclosed on 7 January 2020Purchases effected during the period:1   Trading days2   Numbers of shares purchased (*) 3   Weighted average unit prices of transactions (in €)4   Amounts (in €)5   Purpose of redemption6   Market   28/02/20  NONE----   02/03/20  NONE----   03/03/20  NONE----   04/03/20  NONE----   05/03/20  19’395  92,0701  1’785’700,00  Annulation  OTC Totals of columns 2 and 4, and weighted average unit price of purchases effected during the period (column 3)  19’395  92,0701  1’785’700,00-  - (*) Shares purchased through a derivative instrument are included. Are excluded transactions carried out in connection with the execution of a contract to increase share market liquidity.Attachment * Modele EN declaration hebdo 09.03.2020

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    Michelin : Déclaration des transactions sur actions propres - Période du 21 au 27 février 2020

    PROGRAMME DE RACHAT DE TITRES(Programme adopté par l’assemblée générale mixte des actionnaires le 17 mai 2019)Déclaration des transactions sur actions propresPériode du 21 au 27 février 2020Emetteur : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Catégories de titres : actions ordinaires (ISIN : FR 0000121261)Descriptif du programme publié le 7 janvier 2020Achats réalisés au cours de la période : 1   Date des transactions2   Nombre des titres achetés(*) 3   Prix moyens unitaires pondérés des transactions (en €)4   Montants des transactions (en €)5   Objectif du Rachat6   Marché   21/02/20  NEANT ----   24/02/20  NEANT ----   25/02/20  NEANT ----   26/02/20  NEANT ----   27/02/20  18’181  98,2179  1'785’700,00  Annulation  Gré à gré Total des colonnes 2 et 4, et prix moyen unitaire pondéré des achats de la période (colonne 3)  18’181  98,2179  1'785’700,00-- (*) Y compris les titres acquis par l’intermédiaire d’un produit dérivé, mais compte non tenu des opérations réalisées dans le cadre de l’exécution d’un contrat de liquidité.Pièce jointe * Modele FR declaration hebdo 02.03.2020

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    Michelin: Disclosure of trading in own shares - Period from 21 to 27 February 2020

    SECURITIES REPURCHASING PROGRAMME(Decided by the annual shareholders’ meeting of 17 May 2019)Disclosure of trading in own sharesPeriod from 21 to 27 February 2020Issuer : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Types of securities: ordinary shares (ISIN : FR 0000121261)Full details of the programme disclosed on 7 January 2020Purchases effected during the period:1   Trading days2   Numbers of shares purchased (*) 3   Weighted average unit prices of transactions (in €)4   Amounts (in €)5   Purpose of redemption6   Market   21/01/20  NONE----   24/02/20  NONE----   25/02/20  NONE----   26/02/20  NONE----   27/02/20  18’181  98,2179  1’785’700,00  Annulation  OTC Totals of columns 2 and 4, and weighted average unit price of purchases effected during the period (column 3)  18’181  98,2179  1’785’700,00-  - (*) Shares purchased through a derivative instrument are included. Are excluded transactions carried out in connection with the execution of a contract to increase share market liquidity.Attachment * Modele EN declaration hebdo 02.03.2020

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    Michelin : Déclaration des transactions sur actions propres Période du 14 au 20 février 2020

    PROGRAMME DE RACHAT DE TITRES(Programme adopté par l’assemblée générale mixte des actionnaires le 17 mai 2019)Déclaration des transactions sur actions propresPériode du 14 au 20 février 2020Emetteur : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Catégories de titres : actions ordinaires (ISIN : FR 0000121261)Descriptif du programme publié le 7 janvier 2020Achats réalisés au cours de la période : 1   Date des transactions2   Nombre des titres achetés(*) 3   Prix moyens unitaires pondérés des transactions (en €)4   Montants des transactions (en €)5   Objectif du Rachat6   Marché   14/02/20  NEANT ----   17/02/20  NEANT ----   18/02/20  NEANT ----   19/02/20  NEANT ----   20/02/20  17’046  104,7577  1'785’700,00  Annulation  Gré à gré Total des colonnes 2 et 4, et prix moyen unitaire pondéré des achats de la période (colonne 3)  17’046  104,7577  1'785’700,00-- (*) Y compris les titres acquis par l’intermédiaire d’un produit dérivé, mais compte non tenu des opérations réalisées dans le cadre de l’exécution d’un contrat de liquidité.Pièce jointe * Modele FR declaration hebdo 24.02.2020

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    Michelin : Déclaration des transactions sur actions propres - Période du 7 au 13 février 2020

    PROGRAMME DE RACHAT DE TITRES(Programme adopté par l’assemblée générale mixte des actionnaires le 17 mai 2019)Déclaration des transactions sur actions propresPériode du 7 au 13 février 2020Emetteur : COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINLEI : 549300SOSI58J6VIW052Catégories de titres : actions ordinaires (ISIN : FR 0000121261)Descriptif du programme publié le 7 janvier 2020Achats réalisés au cours de la période : 1   Date des transactions2   Nombre des titres achetés(*) 3   Prix moyens unitaires pondérés des transactions (en €)4   Montants des transactions (en €)5   Objectif du Rachat6   Marché   07/02/20  NEANT ----   10/02/20  NEANT ----   11/02/20  NEANT ----   12/02/20  NEANT ----   13/02/20  17’651  101,1671  1'785’700,00  Annulation  Gré à gré Total des colonnes 2 et 4, et prix moyen unitaire pondéré des achats de la période (colonne 3)  17’651  101,1671  1'785’700,00-- (*) Y compris les titres acquis par l’intermédiaire d’un produit dérivé, mais compte non tenu des opérations réalisées dans le cadre de l’exécution d’un contrat de liquidité.Pièce jointe * Modele FR declaration hebdo 17.02.2020

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    Michelin : MISE À DISPOSITION DU GUIDE DES COMPTES 2019

    Clermont-Ferrand, le 10 février 2020 MISE À DISPOSITION DU GUIDE DES COMPTES 2019Le 10 février 2020, Michelin a mis en ligne sur son site internet son Guide des Comptes 2019.Il peut être consulté sur la rubrique Finance du site internet de la Société  (https://www.michelin.com/finance/informations-reglementees/resultats-annuels)Ce Guide des Comptes comprend : * Le communiqué de presse * La présentation des résultats annuels * Le rapport de gestion du gérant * Les chiffres clés * Les états financiers consolidés Compagnie Générale des Etablissements Michelin 23, Place des Carmes Dechaux 63000 Clermont-Ferrand  Pièce jointe * 20200210_CP_Michelin_Mise dispo GuideDesComptes 2019

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    Michelin: 2019: €3,009 million in segment operating income, up €179 million or 6.5% at constant exchange rates, €1,730 million in net income, up €70 million, €1,615 million in structural free cash flow

    PRESS RELEASE Clermont-Ferrand, February 10, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Financial information for the year ended December 31, 2019 2019: €3,009 million in segment operating income,up €179 million or 6.5% at constant exchange rates€1,730 million in net income, up €70 million€1,615 million in structural free cash flow * In a deteriorated environment and shrinking markets, * Sales rose 7.8% at constant exchange rates, lifted by acquisitions (up 6.8%); * The Group improved its performance, thanks to tight steering of operations. * Segment operating income at constant exchange rates rose by €179 million, of which €127 million from acquisitions, and segment operating margin held firm at 12.5%. * Volumes down 1.2%, in line with the markets; * €324 million positive net impact of changes in the price mix and raw materials costs, attesting to sustained price discipline and a product mix enhanced by the growth in sales of 18-inch and larger Passenger car tires, the Specialty businesses and the balance between Original Equipment and Replacement business in the Group sales; * €61 million in competitiveness gains, net of inflation, and ongoing transformation of the Group’s manufacturing footprint. * Integration of Fenner and Camso in line with expectations, and sustained deployment of the strategy with the acquisition of Indonesian tiremaker Multistrada and telematics provider Masternaut. * €1,615 million in structural free cash flow, reflecting growth in EBITDA and responsive production management in declining markets. * Proposed dividend of €3.85 per share.Florent Menegaux, Managing Chairman, said: “In 2019, in a highly unstable environment, Michelin successfully maintained its market share and improved its earnings. During this particularly demanding period of transformation for the Group, I would like to personally thank all of our employees for demonstrating such remarkable engagement. In addition to delivering this solid performance, the men and women of Michelin are continuing to innovate every day, not only in tires but also in such areas as hydrogen mobility and biosourced and high-tech materials. Michelin remains committed to reducing its environmental footprint.” q OutlookIn 2020, the Passenger car and Light truck tire markets are expected to decline slightly over the year, with flat growth in Replacement demand and a sustained contraction in Original Equipment demand. Truck and Off-the-road tire markets should continue to soften, impacted by the sharp decline in Original Equipment business. Mining markets should also shrink due to a slight inventory adjustment, while tire consumption should be sustained. In this generally declining market environment, Michelin's objectives for 2020 are as follows: Segment operating income at constant parity slightly down on the prior year and free cash flow of more than €1.5 billion excluding the systemic effect of the coronavirus crisis in China. (in € millions)  2019*  2018 (Restated)  2018 (Reported) Sales 24,135 22,028 Segment operating income 3,009 2,775 Segment operating margin 12.5%12.6%12.6% Automotive & related distribution111.1%11.4%11.6% Road transportation & related distribution19.3%9.6%8.8% Specialty businesses & related distribution118.7%20.1%19.6% Other operating income and expenses (318) (225) Operating income 2,691 2,550 Net income 1,730 1,660 Segment EBITDA4,763 4,119 Capital expenditure1,801 1,669 Net debt45,1844,0563,719 Gearing439%33%31% Employee benefit obligations43,8733,8583,850 Free cash flow2 41,142(1,985)(2,011) ROCE513.7% 14% Employees on payroll3121,339 117,400 Earnings per share€9.69 €9.30 Dividend for the year €3.85 €3.70 1 Following the acquisition of Camso and the merger of the Off-the-road businesses, certain minor adjustments have been made to the composition of the segments.2 Free cash flow, which is stated before dividend payments and financing transactions, corresponds to net cash from operating activities less net cash used in investing activities (adjusted for net cash flows relating to cash management financial assets and financial assets lodged as collateral for debt).3 At period-end. 4 The consolidated statement of financial position for the year ended December 31, 2018 did not include the opening balance sheet for Camso, whose acquisition price was accounted for as preliminary goodwill. Following Camso’s consolidation in first-half 2019, the opening balance sheet was restated.5\. ROCE after tax and excluding goodwill, acquired intangible assets and equity-accounted companies.* Including the impact of applying IFRS 16.Market Review ·Passenger car & light truck tires  2019/2018 (in number of tires)Europe including Russia & CIS*Europe excluding Russia & CIS*North AmericaCentral AmericaSouth AmericaAsia (excluding India)Africa/ India/ Middle EastTotal   Original Equipment   Replacement  -5%   -2%  -5%   -2%  -4%**   +2%      -1%  -4%   +2%      -7%   +2%  -17%   -2%  -6%   +0%   Fourth quarter 2019/2018 (in number of tires)Europe including Russia & CIS*Europe excluding Russia & CIS*North AmericaCentral AmericaSouth AmericaAsia (excluding India)Africa/ India/ Middle EastTotal   Original Equipment   Replacement  -4%   -2%  -4%   -2%  -9%**   -0%      -6%  -5%   +9%      -4%   -4%  -17%   -2%  -6%   -2% * Including Turkey** North America and Central AmericaIn 2019, the global Original Equipment and Replacement Passenger car and Light truck tire market was down 2% in number of tires sold. * Original equipment * Worldwide unit sales of Original Equipment tires declined by 6% in 2019. In line with second‑half 2018 trends, demand fell 8% in the first six months of the year before easing to a 5% decline in the second half, buoyed by the fourth-quarter upturn in the Chinese market. * In Europe, demand declined by 5% overall during the year, reflecting a 5% contraction in Western Europe due to the significant impact of the decline in automobile sales caused by (i) weaker vehicle exports to the United States and China; and (ii) flat domestic demand. Eastern Europe also saw demand shrink by 5%. * The North American market ended the year down 4%. After declining by 4% in the first half, demand dropped by another 5% in the second six months, heavily impacted by the General Motors strike in the fourth quarter, as well as by inventory drawdowns across the auto industry. * Markets in South America ended the year down 4% overall, reflecting the heavily adverse effects of the economic crisis in Argentina. * In Asia (excluding India), total demand fell by 7% over the year, with a 9% drop in the Chinese market. From 15% in the first half, the fall-off in demand slowed to 2% in the second, thanks to more favorable prior-year comparatives and purchases made ahead of the Chinese New Year in the fourth quarter. Overall, the Chinese market was hard hit by a decline in consumption caused by the Chinese-American trade war and a more lackluster economic environment. * The Africa/India/Middle East market dropped 17% over the year, as demand was severely dampened by the plunge in domestic spending in India (due to the liquidity crunch and new regulations) and the geopolitical crisis in the Middle East. * Replacement * In Europe, the market contracted by 2% overall during the year. After declining 3% in the first half under the highly negative impact of the Turkish economic crisis and inventory drawdowns in Western Europe, demand remained on a downward trend in the second six months, losing another 1% primarily because warm winter weighed on winter tire demand. In this environment, the all-season segment continued to enjoy robust demand and remained the leading market growth driver across Europe. * In a favorable economic environment, demand in North America rose by 2% overall, as a 5% contraction in the Canadian market was offset by a sustained 3% gain in the United States, led by rising sales of Asian tire imports. * In Central America, the market narrowed by 1% over the year, primarily due to the decline in Mexican demand in the second half. * In South America, demand rose by 2% over the year. After being severely impacted in the first half by the economic crisis in Argentina (down 13%) and the decline in Brazilian demand (down 3%), the market rebounded by 8% in the second half, lifted by import tire sales in Brazil and Argentina. * Demand in Asia (excluding India) ended 2019 up 2% overall. The sustained strong gains in China (up 4%) were considerably attenuated by the flatness of demand in Southeast Asia. The Japanese market was hurt by the fourth quarter increase in the VAT rate and, more seriously, by the lack of a real winter season. The other countries in the region showed modest growth over the year. * In the Africa/India/Middle East region, demand slipped 2% over the year. The 17% collapse in the Indian market as the liquidity crunch weighed on consumer spending was partially offset by rising demand in the Middle East (up 5%) and Africa.   *  Truck tires (radial & bias)  2019/2018 (in number of tires)Europe including Russia & CIS*Europe excluding Russia & CIS*North AmericaCentral AmericaSouth AmericaAsia (excluding India)Africa/ India/ Middle EastTotal   Original Equipment   Replacement  -9%   +3%  -10%   +2%  +1%   -13%  -51%   -1%  +22%   -1%      +1%   -1%  -31%   -2%  -4%   -2%   Fourth quarter 2019/2018 (in number of tires)Europe including Russia & CIS*Europe excluding Russia & CIS*North AmericaCentral AmericaSouth AmericaAsia (excluding India)Africa/ India/ Middle EastTotal   Original Equipment   Replacement  -17%   +6%  -20%   +3%  -14%   -16%  -68%   -5%  +3%   +1%      +9%   -3%  -44%   -3%  -6%   -3% * Including TurkeyThe number of new Truck tires sold worldwide declined by 3% in 2019, with a second half performance in line with first half trends. The 4% downturn in OE demand and the 13% plunge in the North American Replacement market were only partially offset by the 3% increase in the European Replacement market. * Original equipment * The global Original Equipment Truck tire market, as measured by the number of new tires sold, contracted by 4% in 2019. After declining by 2% in the first six months, demand fell by a faster 6% in the second half following the downturn in North America. * In Europe, the Original Equipment market fell by 9% over the year. The first half saw a 4% decline, caused by the highly adverse impact of the economic crisis in Turkey (down 23%) and of Brexit uncertainties in the UK (down 17%). The contraction further tightened in the second half, with a 15% drop led by the fall-off in automaker demand in Germany (down 32%), as well as in France (down 12%) and Spain (down 19%). However, the Turkish market began to level off during the period (down 4% in the second half). * In a still buoyant economic environment, the North American OE market delivered very strong 9% growth in the first half before turning downwards in the second, with an 8% decline off of very high prior-year comparatives. * In South America, the market grew by 22% over the full year, but slowed to a 12% gain in the second half. * Demand in Asia (excluding India) edged up 1% overall in 2019. After declining by 2% in the first half, the market rebounded by 4% in the second six months, lifted by Chinese demand and a favorable basis of comparison. Demand in the rest of Asia declined by 11% over the second half, with a 5% contraction in Japan (after an increase in the first half led by regulatory changes) and a 31% drop in Indonesia. * In the Africa/India/Middle East region, the market plummeted 31%, dragged down by the collapse in Indian demand (down 45%) in the wake of the country’s bruising liquidity crisis. * Replacement * The global Replacement market declined by 2% in 2019, mainly due to the fall-off in Asian tire imports in the North American market, which was partially offset by a slight increase in European demand led by the upturn in Asian tire sales. * In Europe, the market ended the year up 3%. After declining by 1% in the first half, demand rebounded by a robust 7% in the second six months, led by imports across the region. This was particularly the case in Western Europe, where growth benefited from highly favorable prior‑year comparatives (reflecting the anti-dumping measures introduced in April 2018). * In North America, demand plunged 13% over the year. Because retailers had stockpiled massive inventory in second half 2018 ahead of the mid-February 2019 introduction of customs duties on Chinese tires, the North American “non-pool” Replacement market saw steep inventory drawdowns in the first half, followed in the second by comparisons with very high prior-year figures. The “pool” market eased back only slightly over the year, mainly thanks to the very high demand in the OE segment until third quarter 2019. * In Central America, demand declined by 1% over the year. * South American markets were also down 1% overall, with persistently flat demand in Brazil but an 8% rebound in Argentina in the second half following a sharp 15% drop in the first. The Colombian and Peruvian markets cooled in the second half, dampened by the unstable political and economic environment. * Replacement tire markets in Asia (excluding India) retreated by 1% in 2019. After declining by 2% in the first six months of the year, demand seems to have leveled off in the second half, particularly in China (down 2% in the first half then stable in the second). The Japanese market was stable, with highly volatile demand between the third and fourth quarters following an increase in the VAT rate. * In the Africa/India/Middle East region, new tire demand contracted by 2%, with a 3% decline in the Indian market.   * Specialty tires   * Mining tires: the Mining tire market is still being driven by robust demand from mining companies, while the quarry tire segment is suffering from dealer inventory management policies. * Agricultural and Construction tires: in the Agricultural segment, the cyclical contraction observed since the summer is continuing, especially in OE markets. Demand in the Construction segments is being dampened by global economic uncertainty. * Two-wheel tires: the global motorcycle tire market declined during the year, dragged down by the sharp fall-off in demand in North America, which was only partially offset by growth in both the motorcycle and scooter segments in Europe. Demand in the commuting segment continued to trend upwards. * Aircraft tires: the commercial Aircraft tire market is continuing to grow, with momentum still strongest in the radial segment. This reflects the sustained increase in air passenger traffic, which has slightly slowed recently as load factors improve. * Conveyor belts: Conveyor belt markets are continuing to expand, in line with global GDP trends. 2019 Sales and Results ·Sales Sales stood at €24,135 million for the year ended December 31, 2019, up 9.6% from 2018 due to the combined impact of the following factors: * the 1.2% decline in volumes: the Group maintained its positions in softer Passenger car and Light truck and Truck markets, which were both heavily impacted by the fall-off in Original Equipment demand. The drop in volumes following the market downturn in Agricultural and Construction tires was almost entirely offset by the growth in Mining tire volumes. * the highly positive 2.2% price-mix effect: prices added €230 million, reflecting an assertive pricing policy in the more competitive environment created by cooling markets. The €248 million positive mix effect was primarily led by the sustained success of the MICHELIN brand's premium strategy and a favorable market mix stemming from the relative sales performances in the Passenger car and Light truck OE and Replacement segments and the relative proportion of Mining and Off-the-road sales in the Specialty tire markets. * the positive 1.8% currency effect, mainly due to the US dollar’s rise against the euro, an impact that was dampened by the decline in certain currencies such as the Russian ruble, the Argentine peso, the Turkish lira and the Brazilian real over the period; * the significantly favorable 6.8% impact from changes in the scope of consolidation, led by the seamless integration of (i) Fenner and Camso, which were acquired in 2018 to drive faster expansion in the tire business and in high-tech materials; and (ii) Multistrada and Masternaut, which were acquired in 2019. * ResultsSegment operating income amounted to €3,009 million or 12.5% of sales, versus €2,775 million and 12.6% in 2018. The year’s performance reflected: * a €127 million increase from changes in the scope of consolidation following the inclusion of Fenner, Camso, Multistrada and Masternaut and the removal of TCi; * a €213 million decrease from the 1.2% decline in volumes and the €108 million fixed cost shortfall, following the sudden drop in demand and the ensuing production adjustments required to reduce year‑end inventory; * a robust €477 million increase from the price-mix effect thanks in particular to disciplined price management, which cushioned the €153 million adverse impact from raw materials costs (including customs duties); * The €199 million increase in costs was more than offset by €260 million in competitiveness gains, resulting in €61 million net savings. * Depreciation and amortization expense rose by €91 million and start-up costs by €37 million. Other factors totaled a positive €8 million for the year. * Lastly, favorable currency movements added €55 million to the reported figure.Other operating income and expenses amounted to an expense of €318 million, primarily corresponding to the amortization of intangible assets acquired in business combinations (€91 million) and to provisions for restructuring the plants in Bamberg and La Roche-sur-Yon (€249 million).In all, net income came to €1,730 million, up €70 million.·Net financial positionFree cash flow amounted to €1,142 million in 2019, a €3,127 million improvement over the previous year, when it was impacted by the acquisitions of Fenner and Camso and the creation of the TBC joint venture with Sumitomo Corporation. Gearing stood at 39% at December 31, 2019, based on net debt of €5,184 million. Of the €1,128 million increase in debt from the restated December 31, 2018 position(1), €1,142 million is due to free cash flow for the year and €666 million to the payment of dividends. €837 million corresponded to the impact of applying IFRS 16, for the first time and recognizing new leases.    (1) As of 12/31/2018, the acquisition price of Camso had been presented as preliminary goodwill in the "Goodwill" item of the Group's consolidated balance sheet. Following Camso’s price purchase allocation in the first half of 2019, the 2019 opening consolidated balance sheet has been restated.    ·Segment informationIn € millionsSalesSegment operating incomeSegment operating margin  2019    2018 (restated) (1)  2018 (reported)  2019  2018 (restated)2018 (reported)2019  2018 (restated)2018 (reported) Automotive & related distribution11,85111,33211,3401,3211,2951,31411.1%11.4%11.6% Road transportation & related distribution6,4486,3785,8525976125139.3%9.6%8.8% Specialty businesses & related distribution5,8364,3184,8361,09186894818.7%20.1%19.6%   Group    24,135    22,028    22,028    3,009    2,775    2,775    12.5%    12.6%    12.6%                 1. Following the acquisition of Camso and the merger of the Off-the-road businesses, certain minor adjustments have been made to the composition of the segments. * Automotive and related distributionSales in the Automotive and related distribution reporting segment rose by 4.6% to €11,851 million, from €11,332 million in 2018. Automotive segment operating income amounted to €1,321 million or 11.1% of sales, versus €1,295 million and 11.4% in 2018.The improvement primarily reflected (i) the 1% decline in volumes in markets down 2% for the year, the fixed cost shortfall and the rise in raw materials costs following the late 2018 increase in butadiene prices, which were offset by (ii) the highly positive price-mix effect stemming from the Group’s disciplined price management and the growing proportion of 18-inch and larger tires in the sales mix. In addition, the consolidation of Multistrada reduced segment operating margin.§ Road transportation and related distributionIn all, sales by the Road transportation and related distribution reporting segment increased by 1% year-on-year, to €6,448 million from €6,378 million in 2018.Segment operating income amounted to €597 million or 9.3% of sales, compared with €612 million and 9.6% the year before. The slight decline was attributable to (i) the 3% contraction in volumes in line with market trends, the fixed cost shortfall and the €30 million increase in customs duties, which were offset by (ii) the robust price-mix reflecting the Group’s selective focus on value-creating market segments. The Group continued to expand its Services and Solutions business with the acquisition of Masternaut in Europe, and now manages more than one million vehicles under contract.    §  Specialty businesses and related distributionSales by the Specialty businesses segment stood at €5,836 million for the year, up 35% from €4,318 million in 2018.Segment operating income amounted to €1,091 million or 18.7% of sales, versus €868 million and 20.1% the year before. The increase in segment operating income was primarily attributable to the consolidation of Fenner and Camso, whose results were in line with expectations. However, their consolidation reduced SR3 segment operating margin by 2.5 points. At constant scope of consolidation, segment operating margin improved to 21.2% from 20.1% a year earlier. Volumes eased back 0.6% during the year, as the strong performance in mining tires offset nearly all of the contraction in Off-the-road tire volumes. The fixed cost shortfall was absorbed by the robust price effect, with in particular a favorable business mix and a priority focus on margin integrity in the OE Agricultural tire segment. 2019 non-financial ratings In 2019, Michelin was included in several non-financial performance indices in recognition of its sustainable development and mobility approach: * VigeoEiris: Michelin maintained its position as the benchmark for environmental, social and governance (ESG) performance in the automotive industry and its presence in the Ethibel index (Excellence Europe and Excellence Global) and the Euronext VigeoEiris index (France 20, Europe 120, Eurozone 120, World 120). * EcoVadis: Michelin retained its “Gold CSR Rating” for its environmental, social, human rights and sustainable procurement policies. * CDP Climate Change & Water Security: Michelin confirmed its recognized status as a company at the forefront of the fight against worldwide climate change, with a grade of A- attesting to its leadership. The score serves as recognition of the Group’s strategy, its success in reducing its CO2 emissions and its long-term commitment to further shrinking its carbon footprint. For the first time in 2019, Michelin also earned a grade of A- for its leadership and sustained progress in managing water-related risks. Michelin's full response may be found on the CDP platform (https://www.cdp.net/en/responses) and on the Group’s website. More than 7,000 companies were assessed by the CDP in 2019. * MCSI: Michelin has been rated AA for 2019, with a score of 7.3 out of 10. The rating affirms the Group’s very good performance in environmental, social and corporate governance (ESG) practices. * ISS oekom: on July 5, 2019, Michelin was ranked at the top of the 66 manufacturing companies assessed for their ESG performance, with Prime Status in the ISS-oekom Corporate Ratings.  * CDP Supply Chain: Michelin was named “Supplier Engagement Leader 2019” for its initiatives and strategy to support the energy transition in its supply chain. Only 3% of the companies rated by the CDP were awarded a place on the leader board. * Responsible procurement: in June 2019, Michelin was awarded the French government’s “Responsible Supplier Relations and Procurement” label. To date, Michelin is the only company to have been recognized by the Label for all of its purchasing operations worldwide. At the same time, in May 2019, Michelin received certification that its purchasing practices were mature with regard to the new international ISO 20400 Sustainable Procurement standard. * Diversity: in a commitment to combatting gender wage inequality, France's Secretary of State for Gender Equality and the Ministry of Labor introduced a gender equality index in 2019. With Michelin France rated 94/100, the index indicated that the company’s gender equality in the workplace program has had a very positive impact. * Social responsibility: Michelin has been honored with the Corporate Social Responsibility Award from French financial weekly AGEFI. The award recognizes the commitment of everyone across the organization, who demonstrate and embody Michelin’s social responsibility in their behavior and decisions as they strive to make sustainable mobility a reality. * Governance: in September 2019, AGEFI awarded Michelin its Corporate Governance Grand Prize. Compagnie Générale des Établissements Michelin Compagnie Générale des Établissements Michelin ended the year with net income of €672 million, compared with net income of €813 million in 2018.The financial statements were presented to the Supervisory Board on February 7, 2020. An audit was performed and the auditors’ reports on the consolidated and company financial statements were issued on February 10.The Managing Chairman will call an Annual Shareholders Meeting on Friday, May 15, 2020 at 9:00 am in Clermont-Ferrand.He will ask shareholders to approve the payment of a dividend of €3.85 per share, compared with €3.70 in respect of the previous year. 2019 Highlights * Michelin acquires 99.64% of leading Indonesian tire manufacturer Multistrada.                           (March 8, 2019 - April 16, 2019)   * Alliance between Faurecia and Michelin to create a future world leader in hydrogen fuel cell systems. (March 11, 2019)   * Investor Day held in Almeria and €500 million share buyback program announced, to be implemented between 2019 and 2023. (April 4, 2019)   * Gulf Air chooses Michelin as exclusive tire supplier. (May 3, 2019)   * Michelin acquires Masternaut, stepping up deployment of its telematics solutions across Europe.(May 16, 2019)         * Florent Menegaux, Managing General Partner, elected Managing Chairman of the Group.               (May 17, 2019)   * Michelin acquires a 22.8% stake in a unique public-private partnership to create Hympulsion, whose mission is to encourage renewable hydrogen-powered mobility in the Auvergne-Rhône-Alpes region. (May 20, 2019)   * Michelin presents the safety, purchasing power and environmental benefits of its LONG LASTING PERFORMANCE approach in Vienna. The approach has been recognized by the European Parliament, which has added worn tire testing to EU safety regulations from 2022. (June 3, 2019)   * Inaugural edition of the MICHELIN Guide California, featuring 90 starred restaurants. (June 4, 2019)   * Fenner broadens its manufacturing footprint in Australia. (July 24, 2019)   * WWF France and Michelin renew their partnership. (July 26, 2019)   * The Group announces the gradual closure of its plant in Bamberg, Germany. (September 25, 2019)   * Michelin announces its intention to close its plant in La Roche-sur-Yon, in France. (October 10, 2019)   * Michelin files public offer to acquire all outstanding shares of Société Internationale de Plantation d’Hévéas (SIPH). (November 20, 2019)   * Faurecia and Michelin, including its Symbio subsidiary, formalize their joint venture and aim to create a world leader in hydrogen mobility. (November 21, 2019)   * The MICHELIN guide, TripAdvisor® and TheFork launch an international strategic partnership. (December 3, 2019)   * Compagnie Générale des Établissements Michelin has decided to cancel 1,345,821 treasury shares, representing 0.75% of the total shares outstanding. (December 9, 2019) A full description of 2019 highlights may be found on the Michelin website: http://www.michelin.com/en Presentation and Conference Call Full-year 2019 results will be reviewed with analysts and investors during a presentation today, Monday, February 10, 2020 at 6:30 pm CET. The event will be in English, with simultaneous interpreting in French. WEBCAST The presentation will be webcast live on: https://www.michelin.com/en/finance/ CONFERENCE CALL Please dial-in on one of the following numbers from 6:20 pm CET: * In France                                       +33 (0)1 70 71 01 59 (French) PIN code: 23608427 * In France                                       +33 (0)1 72 72 74 03 (English) PIN code: 58250925 * In the United Kingdom                  +44 (0) 207 194 3759 (English) PIN code: 58250925 * In North America                           +1 646 722 4916 (English) PIN code: 58250925 * From anywhere else                      +44 (0) 207 194 3759 (English) PIN code: 58250925The presentation of financial information for the year ended December 31, 2019 (press release, presentation, financial report) may also be viewed at http://www.michelin.com/en, along with practical information concerning the conference call.INVESTOR CALENDAR ·Quarterly information for the three months ending March 31, 2020: Wednesday, April 29, 2020 after close of tradingInvestor Relations   Edouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com   Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com   Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.comMedia Relations   Corinne Meutey   +33 (0) 1 78 76 45 27   +33 (0) 6 08 00 13 85 (mobile) corinne.meutey@michelin.com   Individual Shareholders   Clémence Rodriguez   +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com   Isabelle Maizaud-Aucouturier   +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com     DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des marchés financiers, which are also available from the Michelin website https://www.michelin.com/en.               This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.Attachment * 20200210_Michelin_FY 2019 Annual Results

  • Globe Newswire

    Michelin: AVAILABILITY OF THE 2019 ANNUAL RESULTS GUIDE

    Clermont-Ferrand, February 10, 2020 AVAILABILITY OF THE 2019 ANNUAL RESULTS GUIDEMichelin published its 2019 Annual Results Guide on its website today, February 10, 2020.The document is available for consultation in the Finance section of the Company’s website (https://www.michelin.com/en/finance/regulated-information/annual-results)The Annual Results Guide contains the following documents: * Press Release * Slideshow * Report of the Managing Partners * Financial Highlights * Consolidated Financial StatementsCompagnie Générale des Etablissements Michelin 23, Place des Carmes Dechaux 63000 Clermont-Ferrand France  Attachment * 20200210_PR_Michelin_Availability 2019AnnualResultsGuide

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