OverviewSuggest Edit

Michelin manufactures, distributes, and sells tires worldwide. The Company offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles. It also provides maps and itineraries on the Web and on mobile phones; lifestyle products, including automotive accessories and footwear; contractual solutions to facilitate corporate fleets' mobility; as well as equipment testing, vehicle and tire measurement services.

TypePublic
Founded1889
HQClermont-Ferrand, FR
Websitemichelin.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)111,100(+4%)
Job Openings234
Revenue (FY, 2017)€22 B

Key People/Management at Michelin

Florence Vincent

Florence Vincent

EVP
Serge Lafon

Serge Lafon

EVP
Marc Henry

Marc Henry

EVP, CFO
Jean-Michel Guillon

Jean-Michel Guillon

Chief HR Officer, Group Senior EVP
Jean-Christophe Guerin

Jean-Christophe Guerin

EVP
Terry K. Gettys

Terry K. Gettys

EVP
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Michelin Office Locations

Michelin has offices in Clermont-Ferrand, Seoul, Torino, Prague and in 23 other locations
Clermont-Ferrand, FR (HQ)
Place des Carmes Déchaux
Port Melbourne, AU
51 - 57 Fennell Street
Sofia, BG
Oborishte, 23 Serdika Str
Laval, CA
2500 Daniel-Johnson, Suite 500, Laval
Prague, CZ
Doudlebská 5/1699
Tallinn, EE
Channel Route 12
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Michelin Financials and Metrics

Michelin Revenue

Michelin's revenue was reported to be €21.96 b in FY, 2017
EUR

Revenue (H1, 2018)

10.6b

Gross profit (H1, 2018)

3.5b

Gross profit margin (H1, 2018), %

33.4%

Net income (H1, 2018)

917.0m

EBIT (H1, 2018)

1.4b
Annual
EURFY, 2017

Revenue

22.0b

Cost of goods sold

14.8b

Gross profit

7.1b

Gross profit Margin, %

33%
Half Year
EURH1, 2018

Revenue

10.6b

Cost of goods sold

7.1b

Gross profit

3.5b

Gross profit Margin, %

33%
Annual
EURFY, 2017

Cash

1.7b

Accounts Receivable

3.1b

Inventories

4.5b

Current Assets

10.8b
Half Year
EURH1, 2018

Accounts Receivable

3.7b

Inventories

4.6b

Current Assets

10.7b

PP&E

11.1b
Annual
EURFY, 2017

Net Income

1.7b

Depreciation and Amortization

1.3b

Inventories

(311.0m)

Accounts Payable

404.0m
Half Year
EURH1, 2018

Net Income

917.0m

Depreciation and Amortization

658.0m

Inventories

(175.0m)

Accounts Payable

(96.0m)
EURY, 2018

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.4 x
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Michelin Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MasternautMay 15, 2019
CamsoJuly 12, 2018$1.40 b

Michelin Revenue Breakdown

Embed Graph

Michelin revenue breakdown by business segment: 27.9% from Truck Tires and Related Distribution, 15.3% from Specialty Businesses and 56.8% from Passenger Car and Light Truck Tires

Michelin revenue breakdown by geographic segment: 37.9% from Europe, 36.7% from North America and 25.5% from Other

Michelin Online and Social Media Presence

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Michelin News and Updates

Global Automotive Green Tires Market 2019 Top Key Players- Bridgestone, Goodyear, Michelin, Continenta and more...

A new market study, titled “Global Automotive Green Tires Market Professional Survey Report 2019”, has been featured on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Chef Dominique Crenn, The First Female Recipient Of Three Michelin Stars In The United States, To Be Honored At March of Dimes Los Angeles Signature Chefs Auction

LOS ANGELES, Aug. 14, 2019 /PRNewswire/ -- March of Dimes will present world-renowned chef Dominique Crenn with the 2019 MOD ICON Award for her culinary excellence and her relentless push for innovation, sustainability and equality at the Signature Chefs Auction, L.A.'s premier charity...

3 Michelin Star Chef, Marco Pierre White, Brings His Successful Australian Restaurant App to NYC

Crave, the newest restaurant deals app to launch in NYC, is set to revolutionize the restaurant industry with its dynamic pricing, based on real-time demand. With Crave, restaurant owners simply open the app and send out live deals of up to 50% off of the total bill, enticing the customer to visit t…

A renowned French chef has demanded his restaurant is removed from the Michelin Guide after 'they dared to say that we put cheddar in our soufflé'

A highly acclaimed French chef has sparked controversy after demanding his restaurant be removed from the Michelin guide. Marc Veyrat's Haute Savoie restaurant was this year demoted from three to two Michelin stars, and he's not best pleased about it. In a strongly-worded letter, the chef decries …

Manoir Hovey Elevates Culinary Program and Draws Michelin Talent to Eastern Townships

NORTH HATLEY, Quebec, July 10, 2019 /PRNewswire/ -- Quebec's Eastern Townships region is attracting top culinary talent from around the world, and Manoir Hovey is at the forefront of the movement. The luxury lakeside Relais & Châteaux resort, situated in North Hatley, welcomes a stellar...
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Michelin Blogs

Michelin, Continental and Smag create a joint-venture to develop Rubberway®, the smartphone application designed to map sustainability practices across the natural rubber industry

Michelin, a world leader in tires and sustainable mobility : Continental AG, a technology company and world leader in tire manufacturing : and Smag, a leading software developer for agriculture, have announced the creation of a joint venture specializing in the development and deployment of technol…

Correction of the information released by Reuters today

Michelin wishes to correct the information released today by the Reuters news agency regarding a joint venture with Continental and SMAG related to tyre production. This joint venture will not be related to tyre production but is intended to further develop and deploy a mobile application called Rub…

The development of hydrogen is accelerating

Inauguration of the first hydrogen station in the Clermont-Ferrand metropole, second station in Auvergne-Rhône-Alpes. A new illustration of Michelin’s commitment to accelerating sustainable mobility. L’article The development of hydrogen is accelerating est apparu en premier sur Michelin Corporate.

Leverage the full potential of digital technology to retain our leadership

As head of Digital Activities, Eric Chaniot is leading the Michelin Group's digital transformation. His overarching goal is to leverage the full potential of digital technology in order for Michelin to retain its leadership in sustainable mobility. Interview. L’article Leverage the full potential of…

The first MICHELIN Guide Beijing to be launched on 28 November

Michelin is pleased to announce that the first edition of the MICHELIN Guide Beijing will be launched in the city on 28 November 2019. L’article The first MICHELIN Guide Beijing to be launched on 28 November est apparu en premier sur Michelin Corporate.

MICHELIN Pilot Sport Cup 2 tire : the world’s fastest street legal tire

A Bugatti Chiron shod with MICHELIN Pilot Sport Cup 2 tires has become the first near production car in the world to break the 300mph barrier, after reaching an independently verified speed of 304.773mph (490.484 km/h). L’article MICHELIN Pilot Sport Cup 2 tire : the world’s fastest street legal tir…
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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 Florence Vincent, Serge Lafon and Marc Henry.

  • How many employees does Michelin have?

    Michelin has 111,100 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €22 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €197.7 k.

  • Who are Michelin competitors?

    Competitors of Michelin include The Goodyear Tire & Rubber Company, Nokian Renkaat and Bridgestone.

  • Where is Michelin headquarters?

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

  • Where are Michelin offices?

    Michelin has offices in Clermont-Ferrand, Seoul, Torino, Prague and in 23 other locations.

  • How many offices does Michelin have?

    Michelin has 27 offices.