Michelin : Un début d’année solide
>CA T1 en ligne : porté par les volumes et le prix-mix, pénalisé par le FX - Michelin a publié, hier soir, un CA T1 2021 de 5 448 M€ (+2.3% en publié), en ligne avec nos attentes et celles du consensus (5 444/5 482 M€). Dans le détail, nous notons toutefois une croissance organique supérieure (+8.4% vs +7.5% attendus par le consensus), avec une bonne surprise sur les volumes (+7.5% vs +6.6%) et un prix-mix en ligne (+0.9%). A l’inverse, l’effet devises plus fort à -6...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.