Compagnie Générale des Etablissements Michelin Logo

Compagnie Générale des Etablissements Michelin

ISIN

FR0000121261

Ticker

ML

Sector

Consumer Discretionary

Sub-Industry

Tires & Rubber

Country

France

Year Founded

1889

About Compagnie Générale des Etablissements Michelin

Company Description

Michelin is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest tyre manufacturer in the world behind Bridgestone and larger than both Goodyear and Continental. In addition to the Michelin brand, it also owns the Kléber tyres company, Uniroyal-Goodrich Tire Company, SASCAR, Bookatable and Camso brands. Michelin is also notable for its Red and Green travel guides, its roadmaps, the Michelin stars that the Red Guide awards to restaurants for their cooking, and for its company mascot Bibendum, colloquially known as the Michelin Man.

Michelin's numerous inventions include the removable tyre, the pneurail (a tyre for rubber-tyred metros) and the radial tyre.

Headcount

124,760

Served Area

Worldwide

Headquarters

23 Place des Carmes-Déchaux
63040, Clermont-Ferrand Cedex 9
France

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 31,637,000,000.00 34,544,000,000.00 35,346,000,000.00
Noncurrent Assets N/A 18,555,000,000.00 19,620,000,000.00 20,272,000,000.00
Property Plant And Equipment N/A 10,821,000,000.00 11,231,000,000.00 12,136,000,000.00
Goodwill N/A 2,136,000,000.00 2,286,000,000.00 2,430,000,000.00
Intangible Assets Other Than Goodwill N/A 1,980,000,000.00 1,811,000,000.00 1,803,000,000.00
Investment Accounted For Using Equity Method N/A 941,000,000.00 1,103,000,000.00 1,102,000,000.00
Deferred Tax Assets N/A 729,000,000.00 751,000,000.00 630,000,000.00
Current Assets N/A 13,082,000,000.00 14,924,000,000.00 15,074,000,000.00
Inventories N/A 3,959,000,000.00 5,115,000,000.00 6,318,000,000.00
Current Trade Receivables N/A 3,018,000,000.00 3,576,000,000.00 4,205,000,000.00
Cash and cash equivalents 1,466,000,000.00 4,747,000,000.00 4,482,000,000.00 2,584,000,000.00
Other Current Assets N/A 929,000,000.00 1,038,000,000.00 1,315,000,000.00
Equity And Liabilities N/A 31,637,000,000.00 34,544,000,000.00 35,346,000,000.00
Equity 13,229,000,000.00 12,631,000,000.00 14,971,000,000.00 17,116,000,000.00
Issued Capital N/A 357,000,000.00 357,000,000.00 357,000,000.00
Share Premium N/A 2,746,000,000.00 2,746,000,000.00 2,702,000,000.00
Noncontrolling Interests N/A -2,000,000.00 -3,000,000.00 6,000,000.00
Noncurrent Liabilities N/A 11,870,000,000.00 10,715,000,000.00 9,192,000,000.00
Noncurrent Provisions For Employee Benefits N/A 3,700,000,000.00 3,362,000,000.00 2,561,000,000.00
Deferred Tax Liabilities N/A 425,000,000.00 503,000,000.00 541,000,000.00
Current Liabilities N/A 7,136,000,000.00 8,858,000,000.00 9,038,000,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Contracts With Customers 20,469,000,000.00 23,795,000,000.00 28,590,000,000.00
Profit Loss From Operating Activities 1,403,000,000.00 2,777,000,000.00 3,021,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -112,000,000.00 -69,000,000.00 -59,000,000.00
Profit Loss Before Tax 979,000,000.00 2,471,000,000.00 2,656,000,000.00
Income Tax Expense Continuing Operations 354,000,000.00 626,000,000.00 647,000,000.00
Profit (loss) 625,000,000.00 1,845,000,000.00 2,009,000,000.00
Profit Loss Attributable To Owners Of Parent 632,000,000.00 1,844,000,000.00 2,001,000,000.00
Profit Loss Attributable To Noncontrolling Interests -7,000,000.00 1,000,000.00 8,000,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 625,000,000.00 1,845,000,000.00 2,009,000,000.00
Adjustments For Income Tax Expense N/A 354,000,000.00 626,000,000.00 647,000,000.00
Adjustments For Depreciation And Amortisation Expense N/A 1,753,000,000.00 1,734,000,000.00 1,866,000,000.00
Other Adjustments To Reconcile Profit Loss N/A 475,000,000.00 189,000,000.00 375,000,000.00
Cash Flows From Used In Operating Activities N/A 3,366,000,000.00 2,906,000,000.00 1,931,000,000.00
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 45,000,000.00 3,000,000.00 0.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 15,000,000.00 25,000,000.00 18,000,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A -25,000,000.00 -203,000,000.00 140,000,000.00
Cash Flows From Used In Investing Activities N/A -1,388,000,000.00 -1,751,000,000.00 -1,945,000,000.00
Proceeds From Issuing Shares N/A 55,000,000.00 0.00 76,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 99,000,000.00 0.00 120,000,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A -39,000,000.00 20,000,000.00 -62,000,000.00
Cash Flows From Used In Financing Activities N/A 1,344,000,000.00 -1,433,000,000.00 -1,860,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -41,000,000.00 13,000,000.00 -24,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 3,281,000,000.00 -265,000,000.00 -1,898,000,000.00
Cash and cash equivalents 1,466,000,000.00 4,747,000,000.00 4,482,000,000.00 2,584,000,000.00

Please note that some sums might not add up.

Filings & Publications

Capital Markets Information

ISIN

FR0000121261

LEI

549300SOSI58J6VIW052

Sub-Industry

Tires & Rubber

Listed Stock Exchange

Euronext Paris

Stock Index

CAC40

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