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
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)117,454(-3%)
Job Openings394
Revenue (FY, 2020)€20.5 B(-15%)
Share Price (Aug 2021)€139
Cybersecurity ratingBMore

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

Senior Vice President, Director of Research & Development Programs
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 21 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
Shanghai, CN
Block 7, No. 518, Fuquan North Road, Changning District
Shenyang, CN
Yuhong District
Torre, CO
Carrera 45 # 108-27 - Torre 1 - Oficina 1001
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Michelin Financials and Metrics

Michelin Revenue

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Michelin's revenue was reported to be €20.47 b in FY, 2020 which is a 15.2% decrease from the previous period.
EUR

Revenue (H1, 2021)

11.2b

Gross profit (H1, 2021)

3.4b

Gross profit margin (H1, 2021), %

30.2%

Net income (H1, 2021)

1.0b

EBIT (H1, 2021)

1.4b

Market capitalization (3-Aug-2021)

24.8b

Closing stock price (3-Aug-2021)

139.0

Cash (30-Jun-2021)

3.8b

EV

29.0b
Michelin's current market capitalization is €24.8 b.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

22.0b24.1b20.5b

Revenue growth, %

10%(15%)

Cost of goods sold

14.9b17.1b14.8b

Gross profit

7.1b7.1b5.7b
Half Year
EURH1, 2019H1, 2020H1, 2021

Revenue

11.8b9.4b11.2b

Cost of goods sold

8.3b7.1b7.8b

Gross profit

3.5b2.3b3.4b

Gross profit Margin, %

30%24%30%
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

2.1b1.5b4.7b

Accounts Receivable

3.3b3.5b3.0b

Inventories

4.4b4.7b4.0b

Current Assets

11.2b11.1b13.1b
Half Year
EURH1, 2019H1, 2020H1, 2021

Cash

1.4b2.8b3.8b

Accounts Receivable

3.8b2.8b3.5b

Inventories

5.1b4.3b4.7b

Current Assets

12.1b11.5b13.5b
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

1.7b1.7b625.0m

Depreciation and Amortization

1.3b1.8b1.8b

Inventories

4.0m147.0m552.0m

Accounts Payable

(124.0m)(135.0m)(19.0m)
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

844.0m(137.0m)1.0b

Depreciation and Amortization

858.0m882.0m856.0m

Inventories

(283.0m)304.0m(629.0m)

Accounts Payable

176.0m(840.0m)186.0m
EURFY, 2018

Revenue/Employee

198.3k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.4 x
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Michelin Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries (Facilities)

172526

Product Lines

8

Production Facilities

7067117

Suppliers

52 k52 k50 k
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Michelin Acquisitions / Subsidiaries

Company NameDateDeal Size
NexTraqSeptember 02, 2020
Tablet Inc.November 19, 2019
MasternautMay 22, 2019$480 m
MultistradaMarch 06, 2019
PT Multistrada Arah SaranaJanuary 22, 2019
CamsoDecember 18, 2018€1.17 b
Lehigh TechnologiesJuly 13, 2018
FennerMay 31, 2018
Tructyre Fleet ManagementJanuary 15, 2018
PTG Reifendruckregelsysteme GmbHNovember 14, 2017
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Michelin Revenue Breakdown

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

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

Human Capital Metrics

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Michelin Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Michelin Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Michelin Online and Social Media Presence

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Michelin Company Culture

  • Overall Culture

    A+

    94/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

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Michelin News and Updates

Michelin Pilot Sport All-Season 4 Launches 44 New Sizes

GREENVILLE, S.C., July 1, 2021 /PRNewswire/ -- An additional 44 sizes of the MICHELIN® Pilot® Sport All-Season 4 are now available, opening the door for more high-performance and luxury vehicle drivers to experience the category-defying tire. Since launching last year, the Pilot Sport...

Robert Parker wine advocate announces launch of organic and biodynamic wine search filters and the Robert Parker green emblem: recognizing extraordinary sustainable efforts in wine production

Today, Robert Parker Wine Advocate unveils two brand new search filter capabilities on the RobertParker.com website: the ability to search for wines that are certified organic and/or certified biodynamic. Adding to these new search functions is the Robert Parker Green Emblem – a recognition given to…

New Michelin x® multi grip™ truck tires built to perform in extreme winter conditions

As from next July 1, Michelin will market its new range of winter tires for trucks: MICHELIN X® MULTI GRIP™. These tires, which deliver even better performance than their predecessors(1), were designed to ensure maximum safety and mobility in extreme winter conditions thanks to their outstanding gri…

New Michelin x AGVEV tire – the first tire specifically designed for automatic guided vehicles operating in ports

The MICHELIN X AGVEV, means that port operators now have access to a tire engineered to meet their AGV requirements in terms of performance, reliability, productivity, and safety. It is also the first time a port tire has been ‘EV’ marked, indicating that it contributes to reducing machine emissions…

Michelin starred Pied à Terre stops lunch due to 'Brexit and C

In another sign of the post-Covid recruitment crisis, one of London’s oldest Michelin-starred restaurants has closed its lunch service until The post Michelin starred Pied à Terre in Fitzrovia stops lunch due to 'Brexit and Covid' appeared first on CityAM.

Kristal.Aero and Michelin launch Kristal.Air, a mobile app that rethinks the light aircraft flying experience

At France AIR EXPO in Lyon, France, KRISTAL.aero and Michelin unveiled the innovative KRISTAL.air mobile app, dedicated to everyone who flies light aircraft for fun, sports or travel. Designed for the entire community of flying enthusiasts, it can be used by pilots, flight instructors and flying clu…
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Michelin Blogs

Press Release – 2021 First-half financial report availability

Michelin Group announced today that the 2021 half-year financial report is now available and has been filed with the French Autorité des Marchés Financiers (AMF).   The report and the first-half 2021 financial results presentation are available on (https://www.michelin.com/en), in the "Finance / Re…

2021/07/26 5:45pm Financial information for the six months ended June 30, 2021

First-half 2021: The Michelin Group reports sales of €11.2 billion – up 19.6% – and segment operating income of €1.4 billion, representing 12.7% of sales.   The Group raises its full-year guidance.   In an environment shaped by an enduring health crisis, the robust market recovery was tempered by m…

First Half 2021 Results Publication

The press release will be published on July 26, 2021 at 5:45pm CET. The Analyst/Investor conference call will be held on July 26, 2021 at 6:30pm CET and will be broadcast on the website. 07/15/2021 | PDF - 682.18 Ko First Half 2021 Results – Conference call invitation L’article First Half 2021 Resu…

Michelin EWS Loudenvielle and the 2021 Pyrenees Bike Festival Presented by Michelin

Michelin is pleased to announce that it will be the title sponsor of the 5th and 6th rounds of the Enduro World Series (EWS) races at Loudenvielle, France taking place between 1 and 5 September L’article Michelin EWS Loudenvielle and the 2021 Pyrenees Bike Festival Presented by Michelin est apparu e…

Our commitment to sustainable natural rubber production in Indonesia

For many years, in co-operation with NGOs and other partners, the Group has been taking actions to shift the natural rubber industry towards more sustainable practices, to lower its global environmental footprint as well as preserve priority ecosystems. L’article Our commitment to sustainable natur…

New MICHELIN X® MULTI GRIP™ truck tires built to perform in extreme winter conditions

Combines grip, safety in extreme winter conditions and on wet roads with increased mileage, and contributes to more sustainable transport L’article New MICHELIN X® MULTI GRIP™ truck tires built to perform in extreme winter conditions est apparu en premier sur Michelin.
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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 117,454 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €20.5 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €174.3 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 21 other locations.

  • How many offices does Michelin have?

    Michelin has 25 offices.