Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Michelin (CGDE)    ML   FR0000121261

Real-time Quote. Real-time Tradegate - 09/29 10:32:21 am
99.945 EUR   +0.72%
09/28 MICHELIN CGDE : Food festival brings world of flavor to Shanghai
09/28 ROUGE TOMATE CH : What to drink at the restaurant's new location
09/28 MICHELIN CGDE : Uber starts food delivery in Japan after ride-share ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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; david.pearson@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MICHELIN (CGDE)
08:44a MY KITCHEN RULES' MICHAEL CAINES : On the small screen
09/28 MICHELIN CGDE : Food festival brings world of flavor to Shanghai
09/28 ROUGE TOMATE CHELSEA : What to drink at the restaurant's new location
09/28 MICHELIN CGDE : Uber starts food delivery in Japan after ride-share stumbles
09/28 3 MUST-SEE CHICAGO SHOWS THIS WEEK : Angel Olsen, Porches, AJJ
09/27 MAKING WAVES : Chef Nathan Outlaw debuts at Burj Al Arab
09/27 Terroir by the glass
09/26 MICHELIN CGDE : - wec 2016, porsche, audi and toyota stage exciting show in texa..
09/26 Why visitors love to explore Scotland's Misty Isle of Skye
09/26 MICHELIN CGDE : The Bread Factory named South East Growth Business of The Year a..
More news
Sector news : Tires & Rubber Products - NEC
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
04/06 France's Michelin plans $510 million plant in Mexico - documents
More sector news : Tires & Rubber Products - NEC
News from SeekingAlpha
2015 Faurecia Will Likely Announce A Takeover Bid For Lear Corp. Within A Few Mont..
2015 Dividend Spectrum September Edition
2015 Michelin's H1 2015 Free Cash Flow Was Satisfying
2015 MIX TELEMATICS : My Best Contrarian Pick, Now With A Near-Term Catalyst
2015 Michelin Is A Solid Blue Chip
Advertisement
Financials (€)
Sales 2016 20 916 M
EBIT 2016 2 615 M
Net income 2016 1 500 M
Debt 2016 1 108 M
Yield 2016 3,10%
P/E ratio 2016 12,08
P/E ratio 2017 10,84
EV / Sales 2016 0,92x
EV / Sales 2017 0,86x
Capitalization 18 087 M
More Financials
Chart MICHELIN (CGDE)
Duration : Period :
Michelin (CGDE) Technical Analysis Chart | ML | FR0000121261 | 4-Traders
Full-screen chart
Technical analysis trends MICHELIN (CGDE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 101 €
Spread / Average Target 2,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jean-Dominique Senard Chief Executive Officer & Managing General Partner
Michel Rollier Chairman-Supervisory Board
Florent Menegaux Chief Operating Officer
Marc Henry Chief Financial Officer
Terry K. Gettys Executive Vice President-Research & Development
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MICHELIN (CGDE)10.80%20 306
BRIDGESTONE CORP-9.43%29 885
GOODYEAR TIRE & RUBBER..0.46%8 614
NOKIAN TYRES PLC-5.26%4 860
ANHUI ZHONGDING SEALIN..--.--%4 298
SUMITOMO RUBBER INDUST..-2.54%3 977
More Results