Report
Anthony Dick ...
  • Michael Foundoukidis

Michelin : Une détermination intacte (et rassurante) face à l’inflation

>Du bon et du moins bon mais un consensus qui devrait rester stable - Michelin a publié des résultats 2021 globalement en ligne avec les attentes malgré une performance moins solide qu’anticipé dans les pneus de spécialité (squeeze temporaire lié aux clauses d’indexation). Au-delà, et d’autant plus après les publications de Nokian et Goodyear, l’attention résidait avant tout sur la capacité du groupe à pleinement compenser l’environnement inflationniste. Nous avons tr...
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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