Michelin : Une publication solide et prometteuse à l’approche du CMD
>Un S2 encore meilleur qu’espéré et une guidance 2021 encourageante - Si des bons résultats étaient attendus après les publications des pairs (Nokian, Goodyear voire Hankook), ils sont finalement ressortis très nettement au-delà des guidances mais sans doute aussi des attentes les plus optimistes avec, sur le S2 2020, un EBIT ajusté 20% supérieur aux attentes, un FCF plus de 40% supérieur ainsi qu’une bonne surprise sur le dividende. Au-delà, malgré une certaine prude...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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