3rd quarter and 9 months sales

Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business. The Group is revising its guidance for 2020 upwards.

Half-yearly results

Supported by its diversified offering, engaged employees and robust financial position, Michelin is demonstrating its resilience through a crisis that is as intense as unprecedented.

1st quarter sales

In the first quarter of 2020, at a time of systemic crisis due to COVID 19, Michelin saw an 8.3% decline in sales and deployed the measures needed to attenuate the impact of the crisis on employee health and the Group’s business.

Annual results

2019: €3,009 million in segment operating income, up €179 million or 6.5% at constant exchange rates €1,730 million in net income, up €70 million €1,615 million in structural free cash flow

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