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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Michelin (CGDE)    ML   FR0000121261

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MICHELIN : ALIGNS ITS DIGITAL MAPS, ATLASES AND SERVICES WITH FRANCE'S NEW LEGISLATION ON SPEED CAMERA WARNING SYSTEMS

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01/18/2012 | 12:49pm CET

The ViaMichelin website and mobile applications are set to change in the days ahead because of a new French decree, issued on January 4, 2012, which forbids motorists from owning, carrying or using any devices that warn them about speed traps. Consequently, road maps and travel itineraries will no longer give the specific location of fixed speed cameras but instead indicate dangerous road sections. These new areas, identified by French authorities, will be shown on Michelin maps and applications as soon as possible.

Michelin is providing users of ViaMichelin GPS systems with instructions on how to deactivate the radar function in their portable navigation equipment. The deactivation procedure is described in detail on the French version of the website in the support produit section. In addition, it is no longer possible to download any radar locations from the website. Users of ViaMichelin GPS services have also been instructed to remove the navigation software that indicates the position of fixed speed cameras in France and to deactivate the radar voice alert option when driving in the country.

Michelin 2012 road maps: staying a step ahead of the competition on safety
During the annual update of its maps and atlases, Michelin anticipated the new legislation by reorganizing the road safety features on its printed maps to include safety alerts. All road sections requiring special attention, such as steep gradients and difficult or dangerous sections, are now indicated with an exclamation mark (!) pictogram.

In this way, Michelin is providing motorists with a complete, updated collection of maps that are aligned with the new legislation. The online catalogue of maps and atlases can be found at .

Media Contact: +33 1 45 66 22 22

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Financials (€)
Sales 2016 20 794 M
EBIT 2016 2 641 M
Net income 2016 1 496 M
Debt 2016 800 M
Yield 2016 3,01%
P/E ratio 2016 12,65
P/E ratio 2017 11,37
EV / Sales 2016 0,94x
EV / Sales 2017 0,89x
Capitalization 18 734 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 107 €
Spread / Average Target 2,5%
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Managers
NameTitle
Jean-Dominique Senard Chief Executive Officer & Managing General Partner
Michel Rollier Chairman-Supervisory Board
Florent Menegaux Chief Operating Officer
Marc Henry Chief Financial Officer
Terry K. Gettys Executive Vice President-Research & Development
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