Report
Anthony Dick ...
  • Michael Foundoukidis

Michelin : Un « V » certes plus marqué mais un « V » quand même

>Un creux plus prononcé en 2020 mais 2021 rebondira d’autant plus - Suite à la publication des chiffres des marchés pneumatiques de mai et face à un scénario désormais plus prudent sur l’ensemble de l’année, nous révisons en forte baisse nos attentes de résultats/FCF sur 2020, anticipant un S1 plus difficile et un redressement plus graduel sur le S2. Pour autant, si le creux de la vague ressort ainsi plus prononcé que nous ce que nous estimions en 2020, le rebond sur ...
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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