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
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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
07:16pMICHELIN : sales fall as euro compounds China, U.S. weakness
RE
06:19pMICHELIN : 1Q Sales Fall, Confirms 2018 Outlook
DJ
05:46pMICHELIN : Net sales of €5.2 billion, up 1.4% at constant exchange rates. 2018 g..
GL
05:46pMICHELIN : Net sales of €5.2 billion, up 1.4% at constant exchange rates. 2018 g..
AQ
04/18CIE GNRL DES ETBLSMNTS MICHELIN SCA : quaterly sales release
04/10SAFE TRUCKS 2018 : A road safety initiative launched in dubai by rta, dp world, ..
AQ
04/09MICHELIN : Publication of the preparatory documentation for the annual sharehold..
GL
04/09MICHELIN : Publication of the preparatory documentation for the annual sharehold..
AQ
04/09MICHELIN : Update on Michelin's financing arrangements in relation to the propos..
GL
03/31MICHELIN : Monthly statement on outstanding equity shares and voting rights
CO
More news
News from SeekingAlpha
02/13Michelin's (MGDDF) CEO Jean-Dominique Senard on Q4 2017 Results - Earnings Ca.. 
02/12Michelin Cie Des EstbB 2017 Q4 - Results - Earnings Call Slides 
01/30Tweedy, Browne Fund Q4 2017 Commentary 
01/22Goodyear Tire & Rubber And The Itch To Switch 
01/18MICHELIN : Strengthening Its Foothold In Wholesale 
Financials (€)
Sales 2018 21 699 M
EBIT 2018 2 924 M
Net income 2018 1 903 M
Debt 2018 817 M
Yield 2018 3,29%
P/E ratio 2018 11,25
P/E ratio 2019 10,33
EV / Sales 2018 1,01x
EV / Sales 2019 0,92x
Capitalization 21 148 M
Chart MICHELIN
Duration : Period :
Michelin Technical Analysis Chart | ML | FR0000121261 | 4-Traders
Technical analysis trends MICHELIN
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 136 €
Spread / Average Target 16%
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$)
MICHELIN-1.92%25 861
BRIDGESTONE CORP-13.85%32 342
GOODYEAR TIRE & RUBBER COMPANY (THE)-16.40%6 495
NOKIAN RENKAAT OYJ-11.85%5 620
SUMITOMO RUBBER INDUSTRIES LTD-8.01%4 743
YOKOHAMA RUBBER CO LTD-9.04%3 977