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    ML   FR0000121261

MICHELIN (ML)
Mes dernières consult.
Most popular
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 CEST

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
08/02 MICHELIN : X Works HD radial tyres launched for construction sector, CVs in Indi..
08/01 MICHELIN : launches X Works HD radial tyres for heavy duty commercial vehicles
07/31 MICHELIN : Pilot sport ev2 ready for formula e's grand finale in montreal
07/27 MICHELIN : FIA Improve Tire-Safety Education For New Drivers In All 50 States
07/26 MICHELIN : Availability of the half-year financial report as of 30 june 2017
07/25 MICHELIN : Net income of €863m, up 12%. Volumes up. Operating income stable, in ..
07/25 MICHELIN : Net income of €863m, up 12%. Volumes up. Operating income stable, in ..
07/20CIE GNRL DES ETBLSMNTS MICHELIN SCA : half-yearly earnings release
07/12 MICHELIN : 2017 Compensation Package of Jean-Dominique Senard, Chief Executive O..
07/12 MICHELIN : reveals a new generation of rdt MICHELIN® X®TRA LOAD tires
More news
News from SeekingAlpha
07/25 Compagnie Generale des Etablissements Michelin's (MGDDF) CEO Jean-Dominique S..
07/25 Michelin Cie Des EstbB reports 1H results
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
Financials (€)
Sales 2017 22 407 M
EBIT 2017 2 832 M
Net income 2017 1 715 M
Debt 2017 1 512 M
Yield 2017 3,02%
P/E ratio 2017 12,13
P/E ratio 2018 10,88
EV / Sales 2017 0,99x
EV / Sales 2018 0,92x
Capitalization 20 662 M
Chart MICHELIN
Duration : Period :
Michelin Technical Analysis Chart | ML | FR0000121261 | 4-Traders
Technical analysis trends MICHELIN
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 123 €
Spread / Average Target 7,1%
EPS Revisions
Managers
NameTitle
Jean-Dominique Senard Chief Executive Officer & Managing General Partner
Michel Rollier Chairman-Supervisory Board
Marc Henry Chief Financial Officer
Terry K. Gettys Executive Vice President-Research & Development
Barbara M. Dalibard Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
MICHELIN8.42%24 298
BRIDGESTONE CORP12.28%35 129
GOODYEAR TIRE & RUBBER CO-3.11%7 490
NOKIAN RENKAAT OYJ1.95%5 729
SUMITOMO RUBBER INDUSTRIES LTD-2.74%4 352
ANHUI ZHONGDING SEALING PARTS CO., LTD.--.--%3 457