Key figures Michelin's year 2020 in figures Imprimer 2020 Chiffres clés €20.5bn sales Chiffres clés €1.9bn segment operating income Chiffres clés €625m net income Michelin in figures Sales Workforce Production R&D Distribution All Michelin’s key figures, 2010-2020 02/15/2021 | XLSX - 181.77 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) 22,028 2018 24,135 2019 20,469 2020 4,318 6,378 11,332 2018 5,836 6,448 11,851 2019 4,993 5,373 10,103 2020 Segment operating income (in € million) 2,775 2018 3,009 2019 1,878 2020 868 612 1,285 2018 1,091 597 1,321 2019 737 302 839 2020 Segment operating income (as a % of sales) 12.6% 2018 12.5% 2019 9.2% 2020 Net income (in € Million) 1,660 2018 1,730 2019 625 2020 Per share data Basic earning per share (in €) 9.30 2018 9.69 2019 3.52 2020 Dividend per share 2.3€* Yield 2.2%* * Subject to approval by the Annual Shareholders Meeting of May 21, 2021.  more about Michelin dividend Cost structure Chiffres clés €6bn employee benefit costs Chiffres clés €3.8bn raw materials costs Chiffres clés €646m R&D costs (3.2% of sales) 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) 4,119 2018 4,763 2019 3,631 2020 Segment EBITDA (as a % of sales) 18.7% 2018 19.7% 2019 17.7% 2020 Capital expenditure (in € million) 1,669 2018 1,801 2019 1,221 2020 Capital expenditure (as a % of sales) 7.6% 2018 7.5% 2019 6.0% 2020 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 2020 Net debt €3,531M Net debt-to-equity ratio 28% Net debt-to-ebitda ratio 0.97 ROCE (2016-2020 plan)* 8.6% * ROCE measures the profitability of the capital employed by the group (details of the calculation in chapter 3.6 of the 2019 annual results guide). Sustainability performances En savoir plus Market trends En savoir plus
