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/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 Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)121,300(+10%)
Job Openings301
Revenue (FY, 2019)€24.1 B(+10%)
Share Price (Sept 2020)€95.1
Cybersecurity ratingAMore

Key People/Management at Michelin

Florent Menegaux

Florent Menegaux

President of the Michelin Group and President of the Executive Board of the Michelin Corporate Foundation
Philippe Legrez

Philippe Legrez

Executive Director
Yves Chapot

Yves Chapot

Managing Partner
Jean-Michel Guillon

Jean-Michel Guillon

Chief Innovation Officer
Terry K. Gettys

Terry K. Gettys

R&D Director
Adeline Challon-Kemoun

Adeline Challon-Kemoun

Executive Vice President, Brands and External Relations, Member of the Group Executive Committee
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Michelin Office Locations

Michelin has offices in Clermont-Ferrand, Greenville, Port Melbourne, Laval and in 18 other locations
Clermont-Ferrand, FR (HQ)
23 Place des Carmes Dechaux
Port Melbourne, AU
51 - 57 Fennell Street
Laval, CA
2500 Daniel-Johnson, Suite 500, Laval
Torre, CO
Carrera 45 # 108-27 - Torre 1 - Oficina 1001
Karlsruhe, DE
4 Michelinstraße
Budapest, HU
Váci út 140
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Michelin Financials and Metrics

Michelin Revenue

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Michelin's revenue was reported to be €24.14 b in FY, 2019 which is a 9.6% increase from the previous period.
EUR

Revenue (H1, 2020)

9.4b

Gross profit (H1, 2020)

2.3b

Gross profit margin (H1, 2020), %

24.3%

Net income (H1, 2020)

(137.0m)

EBIT (H1, 2020)

177.0m

Market capitalization (15-Sept-2020)

17.0b

Closing stock price (15-Sept-2020)

95.1

Cash (30-Jun-2020)

2.8b

EV

23.0b
Michelin's current market capitalization is €17 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

22.0b22.0b24.1b

Revenue growth, %

0%10%

Cost of goods sold

14.8b14.9b17.1b

Gross profit

7.1b7.1b7.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Revenue

10.6b11.8b9.4b

Cost of goods sold

7.1b8.3b7.1b

Gross profit

3.5b3.5b2.3b

Gross profit Margin, %

33%30%24%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

1.7b2.1b1.5b

Accounts Receivable

3.1b3.3b3.5b

Inventories

4.5b4.4b4.7b

Current Assets

10.8b11.2b11.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash

1021.0t1.4b2.8b

Accounts Receivable

3658.0t3.8b2.8b

Inventories

4633.0t5.1b4.3b

Current Assets

10694.0t12.1b11.5b
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

1.7b1.7b1.7b

Depreciation and Amortization

1.3b1.3b1.8b

Inventories

(311.0m)4.0m147.0m

Accounts Payable

404.0m(124.0m)(135.0m)
Half Year
EURH1, 2018H1, 2019H1, 2020

Net Income

917.0m844.0m(137.0m)

Depreciation and Amortization

658.0m858.0m882.0m

Inventories

(175.0m)(283.0m)304.0m

Accounts Payable

(96.0m)176.0m(840.0m)
EURFY, 2017

EV/EBIT

8.9 x

EV/CFO

8.6 x

Revenue/Employee

203.7k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.2 x

P/E Ratio

13.4
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Michelin Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries (Facilities)

17 25 26

Product Lines

8

Production Facilities

70 67 117

Suppliers

52 k52 k50 k
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Michelin Acquisitions / Subsidiaries

Company NameDateDeal Size
NexTraqSeptember 02, 2020
MasternautMay 22, 2019$480 m
MultistradaMarch 06, 2019
CamsoDecember 18, 2018€1.17 b
Lehigh TechnologiesJuly 13, 2018
FennerMay 31, 2018
SascarJune 09, 2014€91 m
Camso Inc.
Camso International S.à r.l.
Camso Vietnam Co., Ltd
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Michelin Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Michelin Revenue Breakdown

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Michelin revenue breakdown by business segment: 49.1% from Automotive & related distribution, 24.2% from Specialty businesses & related distribution and 26.7% from Road transportation & related distribution

Michelin revenue breakdown by geographic segment: 36.9% from North America, 36.7% from Europe and 26.5% from Other

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Michelin Online and Social Media Presence

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Michelin News and Updates

Acura barre en el Michelin Raceway Road Atlanta

BRASELTON, Georgia, 7 de septiembre de 2020 /PRNewswire-HISPANIC PR WIRE/ -- Acura barrió hoy en el TireRack.com Grand Prix de seis horas en Michelin Raceway Road Atlanta, cuando Helio Castroneves y Ricky Taylor pilotaron su prototipo Acura ARX-05 para ganar los honores generales,...

Acura Sweeps Michelin Raceway Road Atlanta

BRASELTON, Ga., Sept. 6, 2020 /PRNewswire/ -- Acura swept the six-hour TireRack.com Grand Prix at Michelin Raceway Road Atlanta today, as Helio Castroneves and Ricky Taylor piloted their Acura ARX-05 prototype to the overall honors, while the trio of Mario Farnbacher, Matt McMurry and...

Michelin North America Obtains Permanent Injunction Against Former Employee Michael Dotson

GREENVILLE, S.C., Sept. 3, 2020 /PRNewswire/ -- Michelin North America, Inc., has agreed to settle lawsuits against Carlstar Group, LLC and former Michelin employee Michael Dotson. The Federal Court in Greenville has permanently enjoined Dotson from using or revealing any Michelin trade...

Industrial Tire (IC) Market Sets the Table for Continued Growth | Bridgestone, Michelin, Goodyear, Continental

Stay up-to-date with Industrial Tire (IC) Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday

Farm Tire Market to See Phenomena Growth by 2020-2026 | Bridgestone, Michelin, Goodyear Tire

A new research document is added in HTF MI database of 116 pages, titled as 'Global Farm Tire Market Report 2020‘with detailed analysis, Competitive landscape, forecast, size, status, strategies and opportunity to 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday

Farm Tractor Tires Market to See Huge Growth by 2025 | Michelin, Balkrishna, Continental

Stay up to date with Farm Tractor Tires Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Michelin Blogs

Michelin expands its X® MULTI™ truck range

Michelin has extended its range of versatile X® MULTI™ truck tyres, which are particularly suited to medium-distance haulage L’article Michelin expands its X® MULTI™ truck range est apparu en premier sur Michelin.

From yesterday to tomorrow: Michelin and bicycles

Ever since Michelin invented the first detachable tire, bicycles have continued to grow in popularity. Whether for sport, leisure, or urban mobility, bicycles are now part of our daily lives and Michelin offers tires that are adapted to a variety of uses. L’article From yesterday to tomorrow: Mich…

WRC 2020 – Estonia

MICHELIN’s tires shrug off big demands made by punishing high-speed stages L’article WRC 2020 – Estonia est apparu en premier sur Michelin.

Michelin & Hydrogen : 15 year-commitment

Is hydrogen the energy source of the future? Government policies all over the world are currently reflecting increasing interest in the sector. These ambitions are consistent with the Michelin Group's "Fully Sustainable" vision, which includes the company’s efforts to develop hydrogen over the past …

BlackCycle: A major European project for recycling end-of-life tyres into new tyres

Coordinated by the leading global tyre manufacturer Michelin and uniting 7 industrial partners, 5 Research & Technological Organizations (RTOs) and an innovation cluster into a European consortium in 5 countries, the BlackCycle project aims to enable a massive circular economy of tyres by design…

MICHELIN Guide Taipei & Taichung 2020: A Bright First Selection in Taichung and Four New Starred Restaurants in Taipei, Including One New 2-Star

Taiwan, August 24 - Michelin today announced its full restaurants selection for the 2020 edition of the MICHELIN Guide Taipei & Taichung. A total of 170 eateries in Taipei and 56 in Taichung were highlighted in the latest annual selection. After the very first edition of the MICHELIN Guide Taipe…
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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, Philippe Legrez and Yves Chapot.

  • How many employees does Michelin have?

    Michelin has 121,300 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €24.1 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €199 k.

  • Who are Michelin competitors?

    Competitors of Michelin include Dorman Products, Goodyear and Bridgestone.

  • Where is Michelin headquarters?

    Michelin headquarters is located at 23 Place des Carmes Dechaux, Clermont-Ferrand.

  • Where are Michelin offices?

    Michelin has offices in Clermont-Ferrand, Greenville, Port Melbourne, Laval and in 18 other locations.

  • How many offices does Michelin have?

    Michelin has 22 offices.