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 : Reaffirms 2012 Guidance As First-Quarter Revenue Rises

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/23/2012 | 06:33pm CEST

French tire manufacturer Cie Generale des Etablissements Michelin (ML.FR) Monday said it expects a clear increase in operating income this year despite flat sales in volume terms and predicted that price increases will amply offset an estimated EUR300 million to EUR350 million additional cost of raw materials.

The company, one of the world's leading tire makers, also reported an increase of 5.1% on the year in revenue in the first quarter of this year to EUR5.30 billion, despite a fall of 9.6% in volume sales.

Michelin said that price increases introduced last year and contractual price adjustments, together with more sales of higher-value tires, had more than offset the drop in volume sales.

"Michelin confirms its objective of stable sales volumes over the full year, in a market environment that is more uncertain in Europe, resilient in North America and more vigorous in the growth regions," the company said.

"Sustained price management in response to rising raw materials should amply offset their additional cost impact, which is still estimated at EUR300 million to EUR350 million for the year."

Michelin reaffirmed its 2012 objectives of reporting a "clear increase" in operating income and positive free cash flow, before the impact of the sale of real-estate in central Paris this year that has generated a capital gain of EUR100 million.

Michelin's first-quarter revenue came in above an average estimate of EUR5.15 billion among a panel of 12 analysts polled by the company.

-By David Pearson, Dow Jones Newswires; +33 1 4017 1740; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MICHELIN (CGDE)
05/25 MICHELIN CGDE : hits back at tyre proposals
05/24 MICHELIN CGDE : Shares Tyre Tips to Keep Head Cool During Hot Summer
05/24 MICHELIN (CGDE) : ex-dividend day for annual dividend
05/23 MICHELIN CGDE : Launches the new updated x multi regional tyre range!
05/19 MICHELIN : Message from the Supervisory Board of Compagnie Générale des Etabliss..
05/19 MICHELIN : Message from the Supervisory Board of Compagnie Générale des Etabliss..
05/19 MICHELIN : 2017 Annual Shareholders Meeting
05/12 MICHELIN CGDE : Publishes Schedule and Announces Expanded Roster of Speakers for..
05/08 MICHELIN CGDE : Unveils Lineup of Transformative Urban Mobility Technologies for..
05/08 MICHELIN CGDE : Teams Prepare for a Taste of Europe in Texas
More news
Sector news : Tires & Rubber Products - NEC
05/22 GOODYEAR TIRE & RUBBER : Supreme Court rejects challenge to state retroactive ta..
05/18 NOKIAN TYRES : Finnish watchdog asks police to investigate Nokian Tyres
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
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 22 828 M
EBIT 2017 2 816 M
Net income 2017 1 673 M
Debt 2017 1 132 M
Yield 2017 2,95%
P/E ratio 2017 12,55
P/E ratio 2018 11,15
EV / Sales 2017 0,96x
EV / Sales 2018 0,89x
Capitalization 20 852 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
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 117 €
Spread / Average Target 1,4%
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)8.75%23 343
BRIDGESTONE CORP12.14%34 733
GOODYEAR TIRE & RUBBER..3.92%8 062
NOKIAN TYRES PLC6.61%5 762
SUMITOMO RUBBER INDUST..3.18%4 610
ANHUI ZHONGDING SEALIN..--.--%3 995
More Results