Financial key figures Economic and financial performance for 2021 Imprimer 2021 Key figures €23.8bn sales Key figures €3bn segment operating income Key figures €1.8bn net income The Michelin in Motion strategic plan, with the Group’s “All Sustainable” vision at its center, engages the entire Group in constantly seeking the right balance between People, Profit and the Planet. Learn more about our performance and objectives for 2030, for each of these three strategic pillars. Performances and ambitions for 2030 All Michelin’s key figures, 2017-2021 02/14/2022 | XLSX - 170.2 Ko SR1 Automotive and related distribution Including Experiences activities SR2 Road transportation and related distribution including Services and Solutions activities SR3 Specialty business and related distribution Mining, Off the road, Two-wheel and aircraft tires, High-Tech Materials, Michelin Lifestyle Ltd as well as the activities of Fenner, Camso and those relating to Hight-Tech Materials INCOME STATEMENT Sales (in € million) 24,135 2019 20,469 2020 23,795 2021 5,836 6,448 11,851 2019 4,993 5,373 10,103 2020 5,564 6,233 11,998 2021 Segment operating income (in € million) 3,009 2019 1,878 2020 2,966 2021 1,091 597 1,321 2019 737 302 839 2020 724 599 1,643 2021 Segment operating income (as a % of sales) 12.5% 2019 9.2% 2020 12.5% 2021 Net income (in € Million) 1,730 2019 625 2020 1,845 2021 Per share data Basic earning per share (in €) 9.69 2019 3.52 2020 10.31 2021 Dividend per share 4.5€ Yield 3.1% more about Michelin dividend Cost structure Key figures €6.5bn employee benefit costs Key figures €5bn raw materials costs Key figures €682m invested in R&D in 2021 Breakdown of expenses per nature (as a % of sales) * including purchases other than raw materials and transport of goods (energy, other consumable goods, services, communication, etc.) Raw material cost (in %) Cash flow and balance sheet Segment EBITDA (in € million) 4,763 2019 3,631 2020 4,700 2021 Segment EBITDA (as a % of sales) 19.7% 2019 17.7% 2020 19.8% 2021 Capital expenditure (in € million) 1,801 2019 1,221 2020 1,705 2021 Capital expenditure (as a % of sales) 7.5% 2019 6.0% 2020 7.2% 2021 Structural free cash flow (in € million) Definition The structural free cash flow is defined as free cash flow before acquisitions, adjusted for the impact of raw materials prices on trade receivables, trade payables and inventories * incl. Zero-coupon payment interest (2017 OCEANE convertible bonds) for €193m 2021 Net debt €2,789M Net debt-to-equity ratio 19% Net debt-to-ebitda ratio 0.59 ROCE* 10.3% * ROCE measures the profitability of the capital employed by the group (As calculated in the note 3.6 of the 2021 Annual Results Guide). Sustainability performances Read more Market trends Read more
