Michelin : CMD confirms that the best is yet to come
>CMD highlights group strengths and smart strategy - Michelin yesterday held its CMD, to present its 2023 targets but also to unveil its long-term strategy and notably its outlook in tyres (premium focus, EV, etc.), around tyres (services), and beyond tyres (hydrogen, materials, etc.), in keeping with its goal of diversifying 20-30% of its revenues outside the tyre segment by 2030 (vs 5% in 2019). The event lends weight to our positive rating, and we have raised our t...Compagnie Generale des Etablissements Michelin is active in the tire and mobility-related service markets. Co. manufactures, distributes and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of services. Co.'s operates in three segments: Passenger car/Light truck tires and related distribution; Truck tires and related distribution and Specialty businesses segment including tires for specialty vehicles and maps and guides. Co. distributes its products through two tire distribution networks: Euromaster (Europe) and TCI (U.S.A.) and its brands include Michelin, BFGoodrich, Kleber, Uniroyal, Warrior, Kormoran, Riken, Taurus and Tigar.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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