Michelin

OverviewSuggest Edit

Michelin is a company manufacturing, distributing, and selling tires. It offers tires and services for different types of vehicles, including airplanes, automobiles, bicycles and motorcycles, earthmovers, farm equipment, and trucks. The company also provides digital mobility support services and publishes travel guides, hotel and restaurant guides, maps, and road atlases.
TypePublic
Founded1889
HQClermont-Ferrand, FR
Websitemichelin.com
Employee Ratings4
Overall CultureA

Latest Updates

Employees (est.) (Dec 2021)118,414
Job Openings813
Revenue (FY, 2021)€23.8 B(+17%)
Share Price (Aug 2022)€27.4(+4%)
Cybersecurity ratingAMore
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Key People/Management at Michelin

Florent Menegaux

Florent Menegaux

CEO, Michelin & President of Michelin Corporate Foundation
Yves Chapot

Yves Chapot

Partner & Chief Financial Officer
Terry K. Gettys

Terry K. Gettys

Senior Vice President - Director of R&D Programs
Adeline Challon-Kemoun

Adeline Challon-Kemoun

EVP, Engagement & Brands, Group Executive Committee Member
Jean-Christophe Guérin

Jean-Christophe Guérin

Executive Vice President, Manufacturing - Member of the Group Executive Committee
Serge Lafon

Serge Lafon

Executive Vice President, Specialties and Africa/India/Middle East, China, East Asia & Australia Regions - Member of the Group Executive Committee
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Michelin Office Locations

Michelin has offices in Clermont-Ferrand, Greenville, Buenos Aires, Port Melbourne and in 55 other locations
Clermont-Ferrand, FR (HQ)
Pl. des Carmes Dechaux
Buenos Aires, AR
Lascano 5136
Port Melbourne, AU
51 - 57 Fennell Street
Wien, AT
Schönbrunner Str. 222/7th floor
Asse, BE
Brusselsesteenweg 494
Charleroi, BE
Rue Louis Blériot 24
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Michelin Financials and Metrics

Michelin Revenue

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Michelin's revenue was reported to be €23.8 b in FY, 2021 which is a 16.2% increase from the previous period.
EUR

Revenue (H1, 2022)

13.3b

Gross profit (H1, 2022)

4.5b

Gross profit margin (H1, 2022), %

34.2%

Net income (H1, 2022)

843.0m

EBITDA (H1, 2022)

2.4b

EBIT (H1, 2022)

1.5b

Market capitalization (3-Aug-2022)

4.9b

Closing stock price (3-Aug-2022)

27.4

Cash (30-Jun-2022)

1.9b

EV

10.3b
Michelin's current market capitalization is €4.9 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

24.1b20.5b23.8b

Revenue growth, %

10%(15%)16%

Cost of goods sold

17.1b14.8b16.8b

Gross profit

7.1b5.7b7.0b
Half Year
EURH1, 2019H1, 2020H1, 2021H1, 2022

Revenue

11.8b9.4b11.2b13.3b

Cost of goods sold

(7.4b)(7.1b)(7.8b)(8.7b)

Gross profit

4.4b2.3b3.5b4.5b

Gross profit Margin, %

37%24%31%34%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

1.5b4.7b4.5b

Accounts Receivable

3.5b3.0b3.6b

Inventories

4.7b4.0b5.3b

Current Assets

11.1b13.1b15.1b
Half Year
USDH1, 2019H1, 2020H1, 2021H1, 2022

Cash

1.4b2.8b3.8b1.9b

Accounts Receivable

3.8b2.8b3.5b4.1b

Prepaid Expenses

Inventories

5.1b4.3b4.7b6.8b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

1.7b625.0m1.8b

Depreciation and Amortization

1.8b1.8b1.7b

Inventories

147.0m552.0m(1.1b)

Accounts Payable

(135.0m)(19.0m)527.0m
Half Year
EURH1, 2019H1, 2020H1, 2021H1, 2022

Net Income

842.0m(137.0m)1.0b831.0m

Depreciation and Amortization

858.0m882.0m856.0m909.0m

Inventories

(283.0m)304.0m(629.0m)(1.2b)

Accounts Payable

164.0m(840.0m)186.0m72.0m
EURH1, 2019

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.6 x
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Michelin Operating Metrics

FY, 2019FY, 2020FY, 2021

Countries (Facilities)

262626

Production Facilities

117117123

R&D Facilities

999

Suppliers

50 k50 k50 k

Michelin Acquisitions / Subsidiaries

Company NameDateDeal Size
Allopneus SASAugust 25, 2021
NexTraqSeptember 02, 2020
Tablet Inc.November 19, 2019
MasternautMay 22, 2019$480 m
MultistradaMarch 06, 2019
PT Multistrada Arah SaranaJanuary 22, 2019
CalSolarDecember 18, 2018€1.17 b
Lehigh TechnologiesJuly 13, 2018
FennerMay 31, 2018
Tructyre Fleet ManagementJanuary 15, 2018
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Michelin Revenue Breakdown

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Michelin revenue breakdown by business segment: 49.4% from Automotive & related distribution, 26.2% from Road transportation & related distribution and 24.4% from Specialty businesses & related distribution

Michelin revenue breakdown by geographic segment: 37.3% from Europe, 34.7% from North America and 28.0% from Other

Human Capital Metrics

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Michelin Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Michelin Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Michelin Online and Social Media Presence

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Michelin Company Culture

  • Overall Culture

    A

    77/100

  • CEO Rating

    A+

    79/100

  • Compensation

    B

    71/100

  • Diversity

    B

    72/100

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Michelin News and Updates

Advice About Tires For Electric Cars From Michelin

The tires on an electric car can have a big impact on performance and range and tend to wear faster than drivers might expect.

Global Retread Tire Market (2022 to 2027) - Featuring Bridgestone, Michelin and Continental Among Others

Dublin, June 16, 2022 (GLOBE NEWSWIRE) -- The "Global Retread Tire Market (2022 Edition) - Analysis By Product Type, Vehicle, Retread Process, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering. The Gl…

WATEA by Michelin leverages COMPREDICT's virtual sensors to optimize the management of electric utility fleets.

DARMSTADT, Germany, May 24, 2022 /PRNewswire/ -- Watèa by Michelin, a turnkey electric mobility solution offering electric vehicles, digital services and convenient access to recharging infrastructure, integrates COMPREDICT's virtual sensors into its electric mobility offer. Based on...
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Michelin Blogs

First-half 2022 Results Publication

The press release will be published on July 26, 2022 at 5:40pm CET.   The Analyst/Investor conference call will be held on July 26, 2022 at 6:15pm CET and will be broadcast on the website. 07/13/2022 | PDF - 55.12 Ko First-Half 2022 Results – Conference call invitation L’article First-half 2022 Res…

Michelin announces its intention to transfer its activities in Russia to local management by the end of 2022

After suspending its manufacturing activities in Russia on March 15, Michelin now confirms that it is technically impossible to resume production, due in particular to supply issues, amid a context of general uncertainty. L’article Michelin announces its intention to transfer its activities in Russi…

Over 50 per cent sustainable materials in tires: Michelin has done it!

Speeding up the technologies of tomorrow thanks to motorsport: a conviction held by Michelin, which benefited from the 24 Hours of Le Mans to not only unveil its new tire comprising 53% bio-sourced and recycled materials, but also to have it driven on, within the framework of this competition. And …

Michelin wins 90th Le Mans 24 Hours with tires developed entirely on the simulator

Michelin continues to innovate with the first racing tire to contain 53 percent sustainable materials. This tyre took to the racetrack for the first time during Le Mans week fitted to the H24 fuel-cell electric prototype. L’article Michelin wins 90th Le Mans 24 Hours with tires developed entirely o…

The MICHELIN Pilot Sport CUP2 R tire, custom made to fit the new Mercedes-AMG ONE

An exclusive tire with a very high level of grip and enhanced driving precision  L’article The MICHELIN Pilot Sport CUP2 R tire, custom made to fit the new Mercedes-AMG ONE est apparu en premier sur Michelin.

Mobility solutions to guarantee access to essential services

The theme of the 2022 Movin’On Challenge Design was “Delivered”, and this year’s task was to design a mobility solution to provide access to essential services in a safe, efficient and sustainable way. Let’s see the competition results. L’article Mobility solutions to guarantee access to essential…
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Michelin Frequently Asked Questions

  • When was Michelin founded?

    Michelin was founded in 1889.

  • Who are Michelin key executives?

    Michelin's key executives are Florent Menegaux, Yves Chapot and Terry K. Gettys.

  • How many employees does Michelin have?

    Michelin has 118,414 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €23.8 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €200.9 k.

  • Who are Michelin competitors?

    Competitors of Michelin include Motherson Sumi, Dorman Products and Continental.

  • Where is Michelin headquarters?

    Michelin headquarters is located at Pl. des Carmes Dechaux, Clermont-Ferrand.

  • Where are Michelin offices?

    Michelin has offices in Clermont-Ferrand, Greenville, Buenos Aires, Port Melbourne and in 55 other locations.

  • How many offices does Michelin have?

    Michelin has 60 offices.