Report
Anthony Dick ...
  • Michael Foundoukidis

Michelin : Des atouts confortés et qui resteront très appréciables au S2 (et en 2021)

>Résultats S1 solides et guidance 2020 prudente… …comme souvent - Michelin a publié, hier soir, des résultats S1 20 supérieurs aux attentes (EBIT, FCF) bien que confirmant un semestre difficile. Celui-ci a été marqué par la période de confinement (vols à -22% dont -32% au T2) mais avec toutefois une résilience appréciable comme en témoignent l’EBIT largement positif (310 M€ vs cons. à 259 M€) et le cash burn plus limité. Sur l’année, la guidance ne devrait pas entraî...
Underlying
Compagnie Generale des Etablissements Michelin SCA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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