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 news 

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)
12/01 MICHELIN CGDE : Notice of redemption to "OCEANES" bond holders, maturity Jan. 1,..
12/01 MICHELIN : Notice of redemption to "OCEANES" bond holders, maturity Jan 1, 2017
11/28 MICHELIN CGDE : Ats euromaster expands berkshire presence with new bracknell ser..
11/28 MICHELIN CGDE : Power All Season tire squaring up to its first winter on bicycle
11/22 MICHELIN CGDE : The MICHELIN LTX Force H4/S4 (WRC) and the MICHELIN Latitude Cro..
11/18 MICHELIN CGDE : proves XDR3 heavy tyre over 25 million km
11/15 TITAN INTERNATIONAL : announces the results of first large planting test for LSW..
11/10 MICHELIN S.O.S GRIP® : the new high-performance, easy-to-fit snow sock
11/10 MICHELIN CGDE : awarded for its role as world leader for corporate action on cli..
11/08 MICHELIN CGDE : Ats euromaster's mastercare boosts uptime by 30 per cent for the..
More news
Sector news : Tires & Rubber Products - NEC
10/28DJU.S. HOT STOCKS : Hot Stocks to Watch
09/15DJGOODYEAR TIRE & RUBBER : Boosts Dividend
07/27DJMARKET SNAPSHOT : Stocks Turn Lower As Fed Statement Looms
04/27DJGOODYEAR TIRE & RUBBER : Profit Down on Venezuela, U.S. Capacity Constraints
04/15DJAnother Strong Quake Strikes Japan
More sector news : Tires & Rubber Products - NEC
News from SeekingAlpha
10/17 INTERNATIONAL CONTRARIAN PLAY : Value Is Often Where You Least Expect It
2015 Faurecia Will Likely Announce A Takeover Bid For Lear Corp. Within A Few Mont..
2015 Dividend Spectrum September Edition
2015 Michelin's H1 2015 Free Cash Flow Was Satisfying
2015 MIX TELEMATICS : My Best Contrarian Pick, Now With A Near-Term Catalyst
Advertisement
Financials (€)
Sales 2016 20 763 M
EBIT 2016 2 636 M
Net income 2016 1 498 M
Debt 2016 1 112 M
Yield 2016 3,08%
P/E ratio 2016 12,20
P/E ratio 2017 10,98
EV / Sales 2016 0,94x
EV / Sales 2017 0,88x
Capitalization 18 452 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 21
Average target price 104 €
Spread / Average Target 3,4%
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)14.68%19 705
BRIDGESTONE CORP2.30%30 556
GOODYEAR TIRE & RUBBER..-6.06%7 967
NOKIAN TYRES PLC2.96%4 978
ANHUI ZHONGDING SEALIN..--.--%4 648
SUMITOMO RUBBER INDUST..17.50%4 305
More Results