Finance

05/14/2012

2012 ANNUAL SHAREHOLDERS MEETING

The Annual Meeting of Michelin shareholders was held today in Clermont-Ferrand, under the chairmanship of Michel Rollier, Managing General Partner, along with Jean-Dominique Senard, Managing General Partner. Shareholders adopted all of the ...

05/11/2012

2011 DIVIDEND REINVESTMENT PLAN - At their Joint Annual Meeting today, Michelin shareholders approved the payment of a 2011 dividend of €2.10 a share, with a reinvestment option.

The price of the new shares issued to shareholders electing to reinvest their dividend was set at €47.09 representing 90% of the average opening prices on the NYSE Euronext Paris stock exchange over the twenty trading days preceding the date of the ...

04/26/2012

NOTES REPURCHASE

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA This press information may not be published, distributed or transmitted into the United States of America and no offer to purchase or to sell securities may be accepted in the United States of ...

04/24/2012

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 ...

04/23/2012

FINANCIAL INFORMATION FOR THE THREE MONTHS ENDED MARCH 31, 2012 - Michelin Announces Net Sales of €5,304 Million, up 5% on First-Quarter 2011

Tire markets down overall, with a contrast between: - Passenger Car, Light Truck and Truck tires, where demand weakened as expected. - Specialty businesses, which remain buoyant. Sales volumes down 9.6%, as expected, due to: - A high basis of ...

04/10/2012

MICHELIN TO STRENGTHEN ITS GLOBAL LEADERSHIP IN EARTHMOVER TIRES WITH THE CONSTRUCTION OF A NEW PLANT AND THE EXTENSION OF ANOTHER IN NORTH AMERICA

(Clermont-Ferrand - April 10, 2012) - Michelin today announced it will build a new Earthmover tire plant that will help to strengthen its world leadership in the radial Earthmover tire segment. The Group will build a new Earthmover tire plant in ...

04/02/2012

MICHELIN AND ITS SUBSIDIARY TIGAR TYRES SIGN A MEMORANDUM OF UNDERSTANDING WITH SERBIAN AUTHORITIES AND THE CITY OF PIROT TO EXPAND CAPACITY AT THE TIGAR TYRES PLANT THAT PRODUCES ENTRY-LEVEL CAR TIRES

(Clermont-Ferrand, April 2, 2012) - The Michelin Group and its Tigar Tyres subsidiary have announced the signing today of a memorandum of understanding with Serbian authorities and the City of Pirot to expand production capacity at the Tigar Tyres ...

03/30/2012

MICHELIN SELLS BUILDING AT 46 AVENUE DE BRETEUIL IN PARIS FOR AROUND €110 MILLION

Following on from the consolidation of its Paris-based teams in Boulogne-Billancourt last June, Michelin agreed yesterday to sell the property complex at 46 avenue de Breteuil in Paris’ seventh arrondissement to French insurer Covéa. Proceeds from ...

03/26/2012

STANDARD & POOR’S UPGRADES MICHELIN TO BBB+

Standard & Poor’s has upgraded Michelin’s long-term credit rating to BBB+ from BBB, while affirming its A-2 short-term rating and stable outlook. According to the Standard & Poor’s press release, the decision reflected the significant ...

02/10/2012

FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2011

2011: A Year That Fully Validated Michelin's Strategic Vision 2012: Higher Operating Income Target and Positive Free Cash Flow in More Widely Varying Markets Sales volumes up 6.7% thanks to a very strong first half. Robust operating income of €1,945 ...