Michelin
- Revenue€23.8 BFY, 2021
- Market Capitalization€5 B2022-07-26
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.
| Type | Public | |
| Founded | 1889 | |
| HQ | Clermont-Ferrand, FR | Map |
| Website | michelin.com | |
| Employee Ratings | ||
| Overall Culture | A | More |
Recent NewsAll News
- Michelin: consolidated sales rose by 18.7% in the first six months of 2022, while operating income increased by 7.7% to €1.5 bn. Michelin is deploying its strategy in a turbulent environment and maintains its financial guidance for the year
- Global Retread Tire Market (2022 to 2027) - Featuring Bridgestone, Michelin and Continental Among Others
- Michelin : Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
- WATEA by Michelin leverages COMPREDICT's virtual sensors to optimize the management of electric utility fleets.
Key People/Management at Michelin
Florent Menegaux
CEO, Michelin & President of Michelin Corporate Foundation
Yves Chapot
Partner & Chief Financial Officer
Terry K. Gettys
Senior Vice President - Director of R&D Programs
Adeline Challon-Kemoun
EVP, Engagement & Brands, Group Executive Committee Member
Jean-Christophe Guérin
Executive Vice President, Manufacturing - Member of the Group Executive Committee
Serge Lafon
Executive Vice President, Specialties and Africa/India/Middle East, China, East Asia & Australia Regions - Member of the Group Executive Committee
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
Michelin Financials and Metrics
Michelin Revenue
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 (FY, 2021) | 23.8b |
Revenue growth (FY, 2020 - FY, 2021), % | 16.2% |
Gross profit (FY, 2021) | 7.0b |
Gross profit margin (FY, 2021), % | 29.4% |
Net income (FY, 2021) | 1.8b |
EBIT (FY, 2021) | 2.8b |
Market capitalization (26-Jul-2022) | 5.0b |
Closing stock price (26-Jul-2022) | 27.9 |
Cash (31-Dec-2021) | 4.5b |
EV | 8.5b |
Michelin's current market capitalization is €5 b.
Annual
| EUR | H1, 2019 |
|---|---|
Debt/Equity | 0.7 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.6 x |
Michelin Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Allopneus SAS | August 25, 2021 | |
| NexTraq | September 02, 2020 | |
| Tablet Inc. | November 19, 2019 | |
| Masternaut | May 22, 2019 | $480 m |
| Multistrada | March 06, 2019 | |
| PT Multistrada Arah Sarana | January 22, 2019 | |
| CalSolar | December 18, 2018 | €1.17 b |
| Lehigh Technologies | July 13, 2018 | |
| Fenner | May 31, 2018 | |
| Tructyre Fleet Management | January 15, 2018 |
Michelin Revenue Breakdown
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
Michelin Cybersecurity Score
Michelin Environment, Social & Governance (ESG) Ratings
Michelin Online and Social Media Presence
70.65k Twitter followers
Michelin has 70.65k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.4% quarter over quarter
Michelin's Trends
Twitter Engagement Stats for @Michelin
4.4k
Tweets
450
Following
70.7k
Followers
14
Tweets last 30 days
13.4
Avg. likes per Tweet
85.7%
Tweets with engagement
Michelin Company Culture
Overall Culture
A
77/100
CEO Rating
A+
79/100
Compensation
B
70/100
Diversity
B
72/100
Michelin News and Updates
June 16, 2022
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…
June 13, 2022
Michelin : Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
Clermont-Ferrand, June 13th, 2022
May 24, 2022
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...
May 16, 2022
Michelin: Four-for-one stock split of Michelin shares on June 16, 2022
Clermont-Ferrand – May 16, 2022
May 13, 2022
2022 Annual General Meeting – Press release
The Michelin Group's Annual Meeting was held today in Clermont-Ferrand under the chairmanship of Florent Menegaux, Managing Chairman.
Michelin Blogs
July 13, 2022
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…
June 28, 2022
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…
June 22, 2022
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 …
June 13, 2022
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…
June 03, 2022
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.
June 03, 2022
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…
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.
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