Streetbeat News

MGDDF

Michelin

Industry

Tire Manufacturing (except Retreading)

Open

37.52

Mkt cap

25B

Volume

250

High

37.52

P/E Ratio

3.20

52-wk high

43.18

Low

35.70

Div yield

0.04

52-wk low

30.65

The article is a transcript of the Q4 2024 earnings call for Compagnie Générale des Établissements Michelin (MGDDF), held on February 12, 2025. Key company participants included CEO Florent Menegaux and CFO Yves Chapot. The call featured questions from analysts from various financial institutions.

Portfolio Pulse from

February 12, 2025 | 9:45 pm

Michelin has adjusted its full-year guidance, expecting sales volumes to range between -6% and 4%. The group's total sales for the first nine months were €20.171 billion, a 4.6% decrease year-over-year. Segment operating income is now expected to be around €3.4 billion, down from the previous estimate of more than €3.5 billion.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:52 pm

A J.D. Power report indicates a satisfaction gap between EV and gas vehicle owners due to faster tire wear in EVs, attributed to their greater weight and torque. Michelin leads in tire customer satisfaction across several vehicle segments, while Goodyear has been proactive in the EV tire market with its ElectricDrive tire. Tesla has also addressed tire wear with a software update.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 11:14 am

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