Consensus estimates

The Earnings consensus is a compound of estimates of Michelin’s financial results prepared by stockbrokers’s financial analyst teams. This information is supplied by Michelin's Investor Relations Department.. The consensus is calculated on the basis of data published by financial analysts who monitor the Michelin share or are directly collected from them.

The consensus respects the presentation of the Michelin Group's segmental information:

• Reporting Segment RS1: Automotive and related distribution (including Michelin Travel Partner, BookaTable)
• Reporting Segment RS2: Road transportation and related distribution
• Reporting Segment RS3: Earthmover, Agricultural, Two-wheel and Aircraft tires; High-Tech Materials; Michelin Lifestyles Ltd

The consensus is provided by Michelin for information purposes only. The fact that this consensus can be found on Michelin’s website in no way signifies validation or approval by Michelin of any or all of the estimates presented. This information should not be construed as an invitation to buy or sell shares or to enter into any type of transaction whatsoever. The Michelin share being exclusively traded in France on the Premier Marché of Paris Euronext, before engaging in any transactions, Michelin therefore invites you to consult your financial advisor.