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Results and sales

Discover all the Group's financial information, results and sales, the broadcast of the latest financial event as well as all the presentations and useful documents.


Relive the publication of sales results as of March 31, 2024 by watching the webcast available below

Webcast of the Analyst / Investor Conference on April 24, 2024

2024 1st Quarter Sales

Consolidated first-quarter 2024 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting Group performance in the most value-accretive segments. 2024 full-year guidance unchanged.

Global sell-in markets edged up slightly, led by Replacement demand.

  • PC/LT tire demand grew by 2% thanks to robust Replacement demand in North America and China. After a strong start to the year, OE demand was flat over the full quarter. Stock levels in distribution are close to normative level.

  • Truck tire markets outside China were up 2%, with Replacement demand increasing by 4% driven by sustained economic activity in North and South America, and increasing imports of Asian tires into North America ahead of expected anti-dumping duties. OE demand fell by 7% on highly unfavorable comparatives in Europe and North America.

  • Specialty tire markets were mixed over the period. Construction, Agricultural OE and Two-wheel tire markets have declined, Mining tire demand improved but was impacted by inventory drawdowns, and Aircraft tire markets trended upwards.

  • Non-tire markets were stable overall, reflecting the hesitant economic environment.


Consolidated sales down 4.6% for the period, of which 1.9% from currency movements. Performance in the most value-accretive segments translates into a stronger mix.

  • A 4.1% decline in volumes, stemming primarily from Truck and Specialty tires due to soft overall demand and a stricter selection of where-to-play market segments. Sales of 18-inch and larger passenger car tires expanded at a sustained pace.

  • A positive 0.7% price-mix effect, combining the expected negative price impact from indexation clauses in the contractual businesses, and a powerful mix effect reflecting the Group’s performance in prioritized market segments.

  • Non-tire sales grew by 0.7% with the consolidation of FCG, acquired in 2023, but were unchanged like-for-like due to high prior-year comparatives.

  • A strong negative 1.9% forex headwind, as most currencies declined against the euro.


Full-year guidance unchanged.

  • The Group is maintaining its projected sell-in markets scenario, with sales volumes still expected to end the year within the [-2%; 0%] range.

  • 2024 guidance is unchanged, with segment operating income above €3.5 billion at constant exchange rates and reported free cash flow excluding M&A of more than €1.5 billion.



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