Financial key figures Economic and financial performance for 2022 Imprimer 2022 Key figures €28.6bn sales Key figures €3.4bn segment operating income Key figures €2bn 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, 2018-2022 02/13/2023 | XLSX - 170.3 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) 20,469 2020 23,795 2021 28,590 2022 4,993 5,373 10,103 2020 5,564 6,233 11,998 2021 6,990 7,462 14,138 2022 Segment operating income (in € million) 1,878 2020 2,966 2021 3,396 2022 737 302 839 2020 724 599 1,643 2021 1,044 641 1,711 2022 Segment operating income (as a % of sales) 9.2% 2020 12.5% 2021 11.9% 2022 Net income (in € Million) 625 2020 1,845 2021 2,009 2022 Per share data Basic earning per share (in €) 0.88 2020 2.58 2021 2.81 2022 Dividend per share 1.25€* Yield 4.8% more about Michelin dividend Cost structure Key figures €6.9bn employee benefit costs Key figures €6.7bn raw materials costs Key figures €698m 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) 3,631 2020 4,700 2021 5,262 2022 Segment EBITDA (as a % of sales) 17.7% 2020 19.8% 2021 18.4% 2022 Capital expenditure (in € million) 1,221 2020 1,705 2021 2,141 2022 Capital expenditure (as a % of sales) 6.0% 2020 7.2% 2021 7.5% 2022 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 2022 Net debt €4,320M Net debt-to-equity ratio 25% Net debt-to-ebitda ratio 0.82 ROCE* 10.8% * ROCE measures the profitability of the capital employed by the group (As calculated in the note 1.6 of the 2022 Annual Results Guide). Sustainability performances Read more Market trends Read more
