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 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 CET

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
01/17 MICHELIN : Unveils the list of its favourite restaurants
01/17 MICHELIN : Discusses Impacts of Worn Tires At NAIAS
01/17 MICHELIN : Guide michelin - bib gourmand france 2018 - michelin unveils the list..
01/05 MICHELIN : Successful non-dilutive convertible 2023 bonds issue of Michelin
01/05 MICHELIN : Non-dilutive convertible 2023 bonds issue of Michelin
01/04 MICHELIN : joins forces with Dubai Police and RTA to promote road safety
01/04 MICHELIN : joins forces with Dubai Police and RTA to promote road safety
01/03 MICHELIN : Michelin and sumitomo corporation to create second-largest wholesale ..
01/03 MICHELIN : Michelin and sumitomo corporation to create second-largest wholesale ..
01/03 MICHELIN : Michelin and sumitomo corporation to create second-largest wholesale ..
More news
News from SeekingAlpha
01/18 MICHELIN : Strengthening Its Foothold In Wholesale
01/04 Michelin (MGDDY) And Sumitomo Corporation Forms Joint Venture - Slideshow
2017 Tweedy, Browne Fund 2017 Semi-Annual Letter
2017 Michelin (MGDDY) Presents At Societe Generale Premium Review Conference - Sli..
2017 A Look At The Tire Industry After Pirelli Relisting
Financials (€)
Sales 2017 22 039 M
EBIT 2017 2 761 M
Net income 2017 1 676 M
Debt 2017 983 M
Yield 2017 2,66%
P/E ratio 2017 13,84
P/E ratio 2018 12,28
EV / Sales 2017 1,09x
EV / Sales 2018 1,04x
Capitalization 22 950 M
Chart MICHELIN
Duration : Period :
Michelin Technical Analysis Chart | ML | FR0000121261 | 4-Traders
Technical analysis trends MICHELIN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 131 €
Spread / Average Target 2,3%
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$)
MICHELIN8.49%28 137
BRIDGESTONE CORP3.09%39 280
GOODYEAR TIRE & RUBBER COMPANY (THE)3.68%8 252
NOKIAN RENKAAT OYJ3.47%6 558
SUMITOMO RUBBER INDUSTRIES LTD0.66%5 015
YOKOHAMA RUBBER CO LTD1.30%4 293