Michelin (FRA:MCHA)
€ 30.52 -0.29 (-0.94%) Market Cap: 21.70 Bil Enterprise Value: 25.85 Bil PE Ratio: 11.69 PB Ratio: 1.24 GF Score: 77/100
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Full Year 2020 Compagnie Generale des Etablissements Michelin SCA Earnings Call Transcript

Feb 15, 2021 / 05:30PM GMT
Release Date Price: €29.73 (+1.58%)
Florent Menegaux;nÃ;rale des Ã;tablissements Michelin SociÃ;tÃ;en commandite par actions;CEO
Compagnie GÃ;Managing General Partner & Managing Chairman

©©©©- -

Good morning, good afternoon, and good evening to all of you. Thank you for joining us for our annual presentation of our results. Yves and I are very pleased to be -- to welcome you and to tell you first that this meeting is carried under very strict compliance to our safety rules, especially in this moment where the sanitary measures are very strict. But once again, thank you for joining us.

So of course, I'm sure all of you have noticed, we have spent year 2020 in very, very exceptional conditions. So in this environment, let me tell you that our group successfully protected its employees, maintained its business continuity throughout the year, while supporting vastly its host communities, starting from suppliers, customers, people and our communities surrounding us.

We experienced a steep drop in markets over the year.

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