Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

MICHELIN : Moody's Upgrades Michelin to Baa1

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2012 | 04:35pm CET

PRESS RELEASE
Clermont-Ferrand - April 24, 2012

COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN

Moody's Upgrades Michelin to Baa1

Moody's has upgraded Michelin's long-term credit rating to Baa1 from Baa2, with a stable outlook, while affirming its P-2 short-term rating.

According to the Moody's press release: "The upgrade reflects Michelin's continuous improvement in its financial metrics over the last several quarters - including a capital increase in 2010 - to levels that solidly position the company in the Baa1 rating category as well as Moody's confidence that Michelin will be able to sustain these metrics over the next years despite economic weakness in major European countries and rising raw materials".

The agency also emphasized the strength of the MICHELIN brand, the Group's solid competitive position, its ranking as one of the three leading global tire manufacturers and its consistently higher profit margins than many other auto suppliers and auto manufacturers.

Following on from the Standard & Poor's upgrade in March, the Moody's rerating further confirms Michelin's sustained performance improvement dynamic and the validity of its strategic vision.

Investor Relations

Valérie Magloire
+33 (0) 1 78 76 45 37
+33 (0) 6 76 21 88 12 (cell)
valerie.magloire@fr.michelin.com

Alban de Saint Martin
+33 (0) 4 73 32 18 02
+33 (0) 6 07 15 39 71 (cell)
alban.de-saint-martin@fr.michelin.com:
mailto:alban.de-saint-martin@fr.michelin.com
Media relations

Corinne Meutey
         +33 (0) 1 78 76 45 27
         +33 (0) 6 08 00 13 85 (cell)
corinne.meutey@fr.michelin.com:
mailto:corinne.meutey@fr.michelin.com

Individual Shareholders
Jacques Engasser
         +33 (0) 4 73 98 59 08
jacques.engasser@fr.michelin.com

CP Moody's PDF:
http://hugin.info/100285/R/1605524/508496.pdf



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Michelin via Thomson Reuters ONE

HUG#1605524
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MICHELIN (CGDE)
03/24 MICHELIN CGDE : Pilot Sport Cup 2 tires for the new Porsche 911 GT3
03/21 MICHELIN CGDE : Drives Tire Safety Action with AAMVA Best Practices Update
03/21 MICHELIN CGDE : participates in the 10th International Design Biennial of Saint ..
03/20 MICHELIN CGDE : Chosen As Official Tyre Supplier for the Aston Martin Valkyrie H..
03/16 MICHELIN CGDE : The new MICHELIN LTX Force S5 acclaimed in Mexico
03/16 MICHELIN CGDE : Oliver rolls out new drive retread, ULP trailer retread size
03/15 MICHELIN CGDE : Expands Mountain Bike Tire Offering with Four New Products; New ..
03/15 DEERE MPANY : John Deere Offers The Michelin X, Tweel, Turf Airless Radial Tire ..
03/13 MICHELIN CGDE : is launching four new all mountain and cross country mountain bi..
03/09 MICHELIN CGDE : New MICHELIN X STACKER 2 Tire Improves Reach Stacker Uptime in N..
More news
Sector news : Tires & Rubber Products - NEC
02/14 GOODYEAR TIRE & RUBBER : Michelin expects boost to profits from mining sector re..
2016DJGOODYEAR TIRE & RUBBER : Trims Outlook for Yearly Volume
2016DJU.S. HOT STOCKS : Hot Stocks to Watch
2016DJGOODYEAR TIRE & RUBBER : Boosts Dividend
2016DJMARKET SNAPSHOT : Stocks Turn Lower As Fed Statement Looms
More sector news : Tires & Rubber Products - NEC
News from SeekingAlpha
02/14 Compagnie Generale des Etablissements Michelin (MGDDF) CEO Jean-Dominique Sen..
02/14 Michelin Cie Des EstbB 2016 Q4 - Results - Earnings Call Slides
02/14 Michelin Cie Des EstbB reports FY results
02/13 Tire stocks move higher on positive pricing read
01/31 COOPER TIRE & RUBBER : Strong Fundamentals, High ROIC, And Possible Acquisition ..
Advertisement
Financials (€)
Sales 2017 22 581 M
EBIT 2017 2 776 M
Net income 2017 1 641 M
Debt 2017 914 M
Yield 2017 2,98%
P/E ratio 2017 12,32
P/E ratio 2018 11,01
EV / Sales 2017 0,93x
EV / Sales 2018 0,86x
Capitalization 20 140 M
More Financials
Chart MICHELIN (CGDE)
Duration : Period :
Michelin (CGDE) Technical Analysis Chart | ML | FR0000121261 | 4-Traders
Full-screen chart
Technical analysis trends MICHELIN (CGDE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 109 €
Spread / Average Target -2,7%
Consensus details
EPS Revisions
More Estimates Revisions
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MICHELIN (CGDE)5.82%21 742
BRIDGESTONE CORP7.71%33 168
GOODYEAR TIRE & RUBBER..16.42%9 054
NOKIAN TYRES PLC10.56%5 743
SUMITOMO RUBBER INDUST..1.45%4 452
YOKOHAMA RUBBER CO LTD6.50%3 393
More Results