Oddo BHF - COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN (ML) Michelin : Un S2 plus difficile, pénalisé par les spécialités

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Oddo BHF

Anthony Dick ...

Michael Foundoukidis

Michelin : Un S2 plus difficile, pénalisé par les spécialités

>CA T3 2% sous les attentes, obj. annuels ajustés (EBIT en baisse, FCF en hausse) - Michelin a publié un CA T3 de 6 690 M€ (-5%), 2% sous les attentes (-1% vs ODDO BHF), essentiellement en raison d’une baisse des volumes (Spécialités/SR3) encore plus prononcée que craint (-7.1% vs -4.4%) que le prix/mix plus robuste (+2.9% vs +2.4%) n’a pas plus pleinement compenser. Face et cela, le groupe a ajusté ses objectifs annuels, révisant en baisse son objectif d’EBIT (~3.4 M...

24/10/2024 1 FR

Underlying

COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN

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FR001400AJ45 Euronext Paris France

Provider

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.

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Analysts

Anthony Dick

Michael Foundoukidis

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Michelin : Un S2 plus difficile, pénalisé par les spécialités

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/22/2024

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/11/2024

Michelin : MICHELIN – ESG road show feedback: a convincing company in the face of investor questions on numerous ESG topics

Accor : Test first take

AXA : TEST

VINCI : Trees can reach to the sky

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